Nifty continue to hold 8760,EOD Analysis


  • FII’s sold 6.2 K contract of Index Future worth 431 cores ,0.4 K Long contract were added by FII’s and 6.7 K short contracts were added by FII’s. Net Open Interest increased  by 7.2 K contract, so rise in market was used by FII’s to enter long and enter  shorts  in  Index futures. EVERY SUCCESS STORY IS ALSO A STORY OF GREAT FAILURE
  •  As discussed last Analysis   Holding 8760 we can see another upmove towards 8860/8928, Bears will get active only below 8700 for target of 8656/8600. Low made today was 8774 so nifty continue to hold 8750 and made high of 8824, now need to head towards 8860/8928 holding 8760. Bears will be active only below 8700, As seen in below trading trading above 8830 can see move till 8928/8968 in near term.break of 8700 will push nifty towards 8600/8577.  Bank Nifty trades in small range,EOD Analysis


  • Nifty Sep Future Open Interest Volume is at 3.24 core with addition of 2.80 Lakh with decrease in cost of carry suggesting short  position were added today, NF Rollover cost @8686, closed above it rallied 250 points.
  • 8900  CE  is having Highest OI  at 53.2 lakh, resistance at 8900 .8500/9000 CE  added 1.7 lakh so finally bears added aggressively in 8900  .FII sold 1.3  K CE longs and 6.3 K CE were shorted by them .Retail bought 23K CE contracts and 8.1 K CE were shorted by them.
  • 8500 PE OI@63.6 lakhs having the highest OI strong support at 8500. 8300-8800 PE added 13 Lakh in OI so bulls strong base of 8700-8750 zone is still protected .FII bought 8.9 K Lot of PE longs  and 7.5 K PE  were shorted by them .Retail bought 26.7 K PE contracts and 20 K PE were shorted by them.
  • FII’s bought 205 cores in Equity and DII’s sold 250 cores in cash segment.INR closed at 66.96

Buy above 8830 Tgt 8850,8880 and 8902 (Nifty Spot Levels)

Sell below 8800 Tgt 8770,8755 and 8730 (Nifty Spot Levels)

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