Nifty EOD Analysis for 01 July

By | June 30, 2019

  • FII’s sold 4.8  K contract of Index Future worth 436 cores 804 Long contract were liquidated by FII’s and 4 K  Short contracts were added by FII’s. Net Open Interest increased  by 3.2 K contract, so fall in Nifty was used by FII’s to exit long and enter short in  Index futures.FII’s Long to Short Ratio at 1.53 How Comfortable you are with your trading ?
  • As Discussed in Last Analysis Nifty Bulls will get active above 11912 for a move towards 11977/12040/12100. Bears will get active below 11821 for a move towards 11777/11721/11666. 11777 done now waiting for target of 11721/11666. Bulls will get active above 11843 for a move back to 11910/11977.

  • Nifty July Future Open Interest Volume is at 1.83 core with addition  of 67 Lakh with  increase in  cost of carry suggesting short position were added today, NF Rollover cost @11841 closed at it.
  • Total Future & Option trading volume at 6.17 Lakh core with total contract traded at 1.04 lakh , PCR @0.94
  • 12000 CE  is having Highest OI  at 14.4 Lakh, resistance at 12000 followed by 12100 .11500-12000 CE added 5.8 Lakh in OI so bears added position in range of 11800-12000.FII bought 706 CE long and 13.5 K CE were shorted by them. Retail bought 193  K CE and 135 K CE were shorted by them.
  • 11600 PE OI@7.4 Lakhs having the highest OI strong support at 11600 followed by 11550 . 11000-11700 PE added 6.7 Lakh in OI so bulls added position in range 11500-11600.FII bought 21.2 K PE long and 5.6 K PE were shorted by them. Retail bought 67.7 K PE and 84 K PE were shorted by them.

Buy above 11812 Tgt 11843,11877 and 11910 (Nifty Spot Levels)

Sell below 11755 Tgt 11752,11721 and 11700 (Nifty Spot Levels)

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