Will Nifty holds its 200 DMA ?

By | July 30, 2019
  • As Discussed in Last Analysis  Time Cycle suggests big move round the corner. Bulls now need a close above 11301 for a move back to 11355/11400. Bears will get active below 11226 for a move back to 11166/11108. 11151 done below 11126. Now we have hit a good support at 11151, fresh short for positional should be taken below 11100 only. 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.

  • Total Future & Option trading volume at 8.16  Lakh core with total contract traded at 1.16 lakh , PCR @0.89
  • 11500 CE  is having Highest OI  at 11.9 Lakh, resistance at 11400 followed by 11500 .11300-11400 CE added 15 Lakh in OI so bears added position in range of 11400-11500.
  • 11200 PE OI@21 Lakhs having the highest OI strong support at 11200 followed by 11300 . 11200-11400 PE added 6.8 Lakh in OI so bulls covered position in range 11200-11300.
  • Nifty Aug Future Open Interest Volume is at 1.80 core with addition  of 11.4 Lakh with  increase in  cost of carry suggesting long position were added today, NF Rollover cost @11355 closed below it.
  • FII’s  sold 704 cores and DII’s bought 135 ores in cash segment.INR closed at 68.98

Buy above 11203  Tgt 11223,11256 and 11290 (Nifty Spot Levels)

Sell below 11177 Tgt 11155,11124 and 11110 (Nifty Spot Levels)

Follow on Twitter:https://twitter.com/brahmesh

Follow on Facebook https://www.facebook.com/Brameshs-Tech-14011718268586

Youtube Channel: https://www.youtube.com/channel/UCxTIpotKybyOQIDsS3eEqhQ

Leave a Reply