Nifty break 200 DMA,EOD Analysis

By | July 30, 2019
  • As Discussed in Last Analysis   Till we are holding 200 DMA @11140 we can see a rally towards 11256/11310/11363. Bears will get active below 11098 for a move towards 11045/10993. Yesterday high and low very important. Range of 11025-11054 is important zone of support, Unable to hold the same fall could extend towards 10947/10898/10846. Bulls will get active above 11106 for a move back to 11159/11230.

  • Total Future & Option trading volume at 13.60  Lakh core with total contract traded at 1.14 lakh , PCR @0.89
  • 11500 CE  is having Highest OI  at 11.9 Lakh, resistance at 11400 followed by 11500 .11300-11400 CE added 25 Lakh in OI so bears added position in range of 11400-11500.
  • 11000 PE OI@21 Lakhs having the highest OI strong support at 11000 followed by 10900 . 11000-11400 PE added 5 Lakh in OI so bulls covered position in range 11200-11300.
  • Nifty Aug Future Open Interest Volume is at 1.82 core with addition  of 14 Lakh with  decrease in  cost of carry suggesting short position were added today, NF Rollover cost @11355 closed below it.
  • FII’s  sold 644 cores and DII’s bought 1079 ores in cash segment.INR closed at 68.98

Buy above 11106 Tgt 11142,11177 and 11200 (Nifty Spot Levels)

Sell below 11050 Tgt 11024,11000 and 10950 (Nifty Spot Levels)

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