- FII’s bought 16225 contract of Index Future worth 638 cores, 33.3 K Long contract were added and 16.9 K short contracts were added by FII’s. Net Open Interest increased by 50.2 K contract.FII’s have net 89 K contract of Shorts open and 85.8 K Contract of Long open in current series. If we removed last 3 days of shorts added by FII, we are left with 48K contract which were majorly added 01 July to 10 July when Nifty traded in range of 7677-7809, so 7677 below these shorts will become profitable so FII’s will try to push index below 7677 to exit the trades in profit, unable to do so we can expire above 7800 so next 2 days we can see a 150+ move in market.
- Nifty made low of 7707 before bouncing back furiously and close near 7791, Bounce was on back of low volumes and will not be surprised nifty retracing the whole up move tomorrow. 34 HEMA @ 7773 needs to be closely watched tomorrow. Russia and US are getting involved in a bitter sanction war so financial markets can react violently.
- Nifty Future Aug Open Interest Volume is at 0.99 cores with addition of 37 lakh suggesting long addition.
- Total Future & Option trading volume was at 3.42 lakh core with total contract traded at 3.17 lakh. PCR @0.95
- 7800 CE OI at 57.2 lakh suggesting wall of resistance , 7850 CE saw 3.6 lakh expiry should be below 7850 ,FII’s bought 21.4 K CE longs and 6.5 K CE were shorted by them.
- 7700 PE OI@ 68.6 lakhs suggest bulls want to protect 7700 , 77500 PE added 9.8 lakhs so fight for 7750 will be seen tomorrow .FII’s bought 11.8 K PE longs and 13.6 K PE were shorted by them.
- FIIs sold 382 cores in Equity and DII bought 515 cores in cash segment.INR closed at 60.05.
- Nifty Futures Trend Deciding level is 7750 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 7670 and BNF Trend Changer Level (Positional Traders) 15274 .How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 7800 Tgt 7824,7857 and 7915 (Nifty Spot Levels)
Sell below 7760 Tgt 7733, 7700 and 7675 (Nifty Spot Levels)
Upper End of Expiry:7846
Lower End of Expiry:7733