- FII’s sold 2.1 K contract of Index Future worth 223 cores ,2.1 K Long contract were covered by FII’s and 1.1 K Short contracts were added by FII’s. Net Open Interest decreased by 987 contract, so fall in market was used by FII’s to exit long and enter short in Index futures. FII’s Long to Short Ratio at 1.30. Trading With Your Own Money
- As Discussed in Last Analysis High made today was 11495 so bulls almost did the target of 11503,Till we are close above 11400 we can rally all the way till 11503/11557/11611. Bearish only below 11390 for a move back to 11343/11290/11236/11184.We have important time cycle coming on 11 Aug, effect can be seen tomorrow or Monday. Bearish only below 11390 for a move back to 11343/11290/11236 and Bullish above 11480 for a move back to 11555/11610.Time cycle should show effect on Monday. Important intraday time for reversal can be at 2:24. Bank Nifty break 28200 on Time cycle date,EOD Analysis
- Nifty Aug Future Open Interest Volume is at 2.83 core with addition of 1.6 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @11149 closed above it.
- 11500 CE is having Highest OI at 41.5 Lakh, resistance at 11500 followed by 11600 .10500-11500 CE added 2.4 lakh in OI so bears added position in range of 11400-11500 CE. FII bought 3.4 K CE and 5.5 K CE were shorted by them. Retail bought 51.4 K CE and 25 K CE were shorted by them.
- 11200 PE [email protected] lakhs having the highest OI strong support at 11300 followed by 11200 . 10500-11500 PE liquidated 9.1 Lakh in OI so bulls covered position in range 11100-11200 PE. FII bought 4.6 K PE and 1.3 K PE were shorted by them. Retail bought 3.4 K PE and 1.3 K PE were shorted by them.
- Total Future & Option trading volume at 5.53 Lakh core with total contract traded at 0.78 lakh , PCR @1.01
- FII’s sold 510 cores and DII’s bought 457 cores in cash segment.INR closed at 68.83
- Nifty Futures Trend Deciding level is 11453 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 11365. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 11445 Tgt 11465,11489 and 11501 (Nifty Spot Levels)
Sell below 11405 Tgt 11390,11370 and 11343 (Nifty Spot Levels)
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