Nifty EOD Analysis

By | August 5, 2019

  • FII’s sold 11.9 K contract of Index Future worth 1155 cores. 10.3 K Long contract were added by FII’s and 22.3 K Short contract were added by FII’s. Net Open Interest Increase by 32.6 K .FII Long to Short Ratio 0.38.
  • As Discussed in Last Analysis    Now Bulls need to move above 11005 for a move back to 11060/1111/11163. Bears will get active below 10953 for a move back to 10901/10850. Nifty opened with gap down broke Friday low we failed to see any reversal in market. Till we are below 10890 bears have upper hand. Shorts can be taken below 10815 for a move back to 10776/10714/10662. Bulls will get active above 10900 for a move back to 10990/11043/11095.

  • Total Future & Option trading volume at 9.57 Lakh core with total contract traded at 2 lakh , PCR @0.78
  • Nifty Aug Future Open Interest Volume is at 1.91 core with liquidation of 8.1 Lakh with  decrease in  cost of carry suggesting short position were closed today, NF Rollover cost @11355 closed below it.
  • 11000 CE  is having Highest OI  at 21.5 Lakh, resistance at 11000 followed by 11100 .10800-11400 CE added 19.8 Lakh in OI so bears added position in range of 11000-11500.FII  bought 30 K CE options and 25.2 K CE options were shorted by them. Retail bought 173 K CE options and 97.8 K CE options were shorted by them.
  • 10800  PE OI@18.3Lakhs having the highest OI strong support at 10800 followed by 10700 . 10800-11400 PE liquidated 6.4 Lakh in OI so bulls covered position in range 10800-11100.FII  bought 4.3 K PE options and 2.5 K PE options were shorted by them. Retail bought 11.8 K PE options and 1.4 K PE options were shorted by them.
  • FII’s  sold 2016 cores and DII’s bought 1871 cores in cash segment.INR closed at 70.71

Buy above 10890 Tgt 10922,10958 and 11000 (Nifty Spot Levels)

Sell below 10816 Tgt 10780,10765 and 10735 (Nifty Spot Levels)

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