- FII’s sold 144 contract of Index Future worth 3 cores ,2.6 K Long contract were added by FII’s and 2.8 K short contracts were added by FII’s. Net Open Interest increased by 5.5 K contract, so fall in market was used by FII’s to enter long and enter shorts in Index futures. Tested Classic Stock Trading Rules-II
- As discussed in Yesterday Analysis Now the zone of 8654-8677 is crucial supply zone, closing above 8677 level again can see fast move till 8849. High made today was 8687 but again market failed to close above 8677, Low made was 8611 where bears were also unable to break 8577, Close above 8677 Nifty can make next move till 8800/8951. Bearish only on close below 8577 and bullish on close above 8677 in between yo-yo move, We have gann date tomorrow expect impulsive move as price is also trading horizontal line from past 2 trading session. .Bank Nifty ready for big move,EOD Analysis
- Nifty Aug Future Open Interest Volume is at 2.28 core with addition of 2.8 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @8650 closed above it
- Total Future & Option trading volume was at 2.54 Lakh core with total contract traded at 1.22 lakh , PCR @0.88 , Trader’s Resolutions for the New Financial Year 2016-17
- 8800 CE is having Highest OI at 43.4 lakh, resistance at 8800 .8500/9000 CE added 26.9 lakh so resistance formation in 8800-8900 .FII sold 37 CE longs and 9.4 K CE were shorted by them .Retail bought 62.3 K CE contracts and 35.4 K CE were shorted by them.
- 8500 PE OI@43.4 lakhs having the highest OI strong support at 8500. 8300-8800 PE added 6.2 Lakh in OI so bulls making strong base near 8500-8550 zone .FII bought 17.1 K PE longs and 1.1 K shorted PE were covered by them .Retail bought 17.4 K PE contracts and 32.9 K PE were shorted by them.
- FII’s bought 526 cores in Equity and DII’s sold 383 cores in cash segment.INR closed at 66.64
- Nifty Futures Trend Deciding level is 8681 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8686 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 8650 Tgt 8680,8711 and 8750 (Nifty Spot Levels)
Sell below 8595 Tgt 8575,8550 and 8518 (Nifty Spot Levels)
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