Nifty continue to trade in time cycle range,EOD Analysis

By | August 25, 2018

  • FII’s sold 1.6 K contract of Index Future worth 47 cores ,462 Long contract were added by FII’s and 1.7  K Short contracts were added by FII’s. Net Open Interest increased  by 2.2 K contract, so fall in market was used by FII’s to enter long and enter short in  Index futures.  FII’s Long to Short Ratio at 1.03. Learn to Conquer Emotions in Trading
  • As Discussed in Last Analysis  Bulls did 11610 with gap up,As today is an important reversal date, Fresh shorts below 11540 for a move towards 11470/11400. Bullish above 11620 for a move towards 11664/11730. So Bullish above 10620.  Nifty went below 10540 but failed to sustain below it,and also failed to close above 11620. We should see a good move in next 2 days, Fresh shorts below 11540 for a move towards 11470/11400. Bullish above 11620 for a move towards 11664/11730. Important intraday time for reversal can be at 9:41/1:27. Bank Nifty breaks gann angle,EOD Analysist

 

  • Nifty Aug Future Open Interest Volume is at 2.95 core with liquidation of 7.3 Lakh with increase in  cost of carry suggesting short position were closed  today, NF Rollover cost @11149 closed above it.
  • 11600 CE  is having Highest OI  at 39.2 Lakh, resistance at 11600 followed by 11700 .11000-12000 CE added 8.4 lakh in OI so bears  added position in range of 11400-11500 CE. FII sold 315 CE and 2.9 K CE were shorted by them. Retail bought 77 K CE and 51 K CE were shorted  by them.

 

  • 11500 PE OI@40.1 lakhs having the highest OI strong support at 11500 followed by 11400 . 11000-12000 PE liquidated 21.5 Lakh in OI so bulls added position in range 111300-11300 PE. FII bought 2.7 K PE and 230  PE were shorted by them. Retail sold 7.1 K PE and 31 K PE were shorted by them.
  • Total Future & Option trading volume at1 7.19 Lakh core with total contract traded at 0.87 lakh , PCR @1.05

 

 

Buy above 11600 Tgt 11625,11640 and 11670 (Nifty Spot Levels)

Sell below 11540 Tgt 11525,11510 and 11470 (Nifty Spot Levels)

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