Nifty EOD Analysis for 03 July

By | July 2, 2019

  • FII’s sold 2.3  K contract of Index Future worth 124 cores 1.8 K Long contract were added by FII’s and 4.1 K  Short contracts were added  by FII’s. Net Open Interest increased  by 6 K contract, so rise in Nifty was used by FII’s to enter long and enter short in  Index futures.FII’s Long to Short Ratio at 1.55 How Comfortable you are with your trading ?
  • As Discussed in Last Analysis  Fresh shorts should be taken below 11821 for a move back to 11775/11730/11666/11610. Long should be taken above 11912 for a move towards 11993/12047/12102. Nifty bears got whipsawed and bulls not able to close above 11912.Fresh shorts should be taken below 11843 for a move back to 11775/11730/11666/11610. Long should be taken above 11912 for a move towards 11993/12047/12102.Tomorrow is Venus ingress date.

  • Nifty July Future Open Interest Volume is at 1.81 core with liquidation of 4.8 Lakh with  decrease in  cost of carry suggesting short position were added today, NF Rollover cost @11841 closed above it.
  • Total Future & Option trading volume at 9.65 Lakh core with total contract traded at 1.06 lakh , PCR @0.87
  • 12000 CE  is having Highest OI  at 14.5 Lakh, resistance at 12000 followed by 12100 .11500-12000 CE added 2.34 Lakh in OI so bears added position in range of 11800-12000.FII bought 3.8 K CE long and 802 shorted CE were covered  by them. Retail bought 58.1 K CE and 51.4 K CE were shorted by them.
  • 11600 PE OI@10.5 Lakhs having the highest OI strong support at 11600 followed by 11550 . 11000-11700 PE added 3.1 Lakh in OI so bulls added position in range 11500-11600.FII bought 8.7 K PE long and 5.6 K PE were shorted by them. Retail bought 45.8 K PE and 21.9 K PE were shorted by them.

Buy above 11920  Tgt 11946,11977 and 12000  (Nifty Spot Levels)

Sell below 11877 Tgt 11850,11821 and 11800  (Nifty Spot Levels)

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