- FII’s bought 10 K contract of Index Future worth 266 cores ,8.8 K Long contract were added by FII’s and 1.2 K short contracts were squared off by FII’s. Net Open Interest increased by 7.5 K contract, so today’s market was used by FII’s to exit shorts in index futures and enter longs. Exercise to Relive Stress for traders
- Nifty continue to form higher high and higher low formation , still unable to cross crucial supply area as discussed in Weekly analysis. Today close was and our supply area was at 8588.65. Crossing/closing above the same we can see move to 8654 and unable to do so can see nifty again seeing pullback towards 8450/8375 odd levels.Gann Box with hourly charts are also shown with support and resistance.
- Nifty August Future Open Interest Volume is at 1.68 core with addition of 2.2 Lakh, with decrease in CoC suggesting long positions got added today.NF Rollover price came at 8503.
- Total Future & Option trading volume was at 1.56 core with total contract traded at 3 lakh . PCR @1.02
- 8800 CE OI at 48 .6 lakh , wall of resistance @ 8800 .8400/8800 CE added 3.8 lakh in OI so bears continue in smaller position to add need to see follow up move. FII bought 32.9 K CE longs and 10.9 K CE were shorted by them.Retail bought 3.2 K CE contracts and 27.3 K CE were shorted by them.
- 8200 PE OI@ 57.7 lakhs strong base @ 8200. 8300/8600 PE added 12.6 lakh so major addition seen in 8400/8600 PE and 74 lakh from start of series . FII bought 18 K PE longs and 6.1 K PE were shorted by them.Retail bought 70.2 K PE contracts and 52.7 K PE contracts were shorted by them.
- FII’s bought 109 cores in Equity and DII’s sold 111 cores in cash segment.INR closed at 63.75
- Nifty Futures Trend Deciding level is 8603 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8550 and BNF Trend Deciding Level 19043 (For Intraday Traders) BNF Trend Changer Level (Positional Traders) 18891 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 8582 Tgt 8612,8636 and 8654 (Nifty Spot Levels)
Sell below 8555 Tgt 8530,8503 and 8480 (Nifty Spot Levels)