Nifty Outlook for August Series

By | July 30, 2015

FII

  • June Series ended at 8398 and July Series ended at 8420, so from expiry to Expiry basis we moved around 22 points in between we have Greece issue with huge round of volatility. Traders optimism moved from high of 8654 and moved towards extreme pessisim at the start of this week, August series expect a trending move in single direction.Thats the beauty of market can change the opinion is matter of days. We have weekly and monthly closing tomorrow Bulls would like to close above the gann line and bears below 8380 as shown in below gunner chart.

Nifty Gunner

 

  • Nifty August Future Open Interest Volume is at 1.66 core with addition of 39 Lakh, with decrease in CoC suggesting  long positions got closed today.63% rollover has taken place in NF with Aug NF rollover price coming @8503
  • Total Future & Option trading volume was   at 5.4  core with total contract traded at 4.5  lakh. PCR @1
  • Options range comes from 8200-8800 from start of the series.
  • FII’s sold 186 cores in Equity and DII’s bought 642  cores in cash segment.INR closed at 63.9

 

Buy above 8430 Tgt 8451,8480 and 8500(Nifty Spot Levels)

Sell below 8400 Tgt 8375,8350 and 8305 (Nifty Spot Levels)

 

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8 thoughts on “Nifty Outlook for August Series

  1. Bramesh Post author

    Dear Sir,

    I cover the same in my trading course, I replied to you last time also.

    Rgds,
    Bramesh

  2. ANAND

    Bramessh,
    Can you please explain how you arrive at the rollover price ? Is there any special tool or it is just based on some calculation , I have asked this qn even last month

  3. samir

    we have hammer on 29th followed by gap up opening and inverted hammer on 30th . Yesterday we closed above 8500 mark which was start of black candle on 24th July. So I believe this close above 8500 will be positive and we will head towards 8700-9750

  4. Raju

    Bramesh Ji, We are getting an inverted hammer in the monthly nifty chart for July. May be significant reversal after three bearish monthly candles. What do you think?

  5. preet

    Hi bramesh there is error in Sell below level not written properly

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