Nifty heading in supply zone of 8548-8577,EOD Analysis


  • FII’s bought 18 K contract of Index Future worth 1148 cores ,17.2 K  Long contract were added by FII’s and 737 short contracts were liquidated by FII’s. Net Open Interest increased  by 16.5 K contract, so rise in market was used by FII’s to enter long and exit shorts  in  Index futures. What It Takes to Trade for a Living

nifty resistance zone


  • Nifty July Future Open Interest Volume is at 2.12 core with addition of 13.1 Lakh with decrease in cost of carry suggesting long position were closed today, NF  Rollover is at 73% and Rollover cost @8204 closed above it
  • 8600  CE  is having Highest OI  at 47.7 lakh, resistance at 8600 .8400/8700 CE  added 3.5 lakh so bears forming resistance at higher levels 8550-8600 zone  .FII bought 13.2 K CE longs and 1 K shorted CE were covered by them .Retail bought 7.1 K CE contracts and 24.6 K shorted CE were covered by them.
  • 8400 PE OI@49.7 lakhs having the highest OI strong support at 8400. 8200-8600 PE added 29.3 Lakh in OI so bulls making strong base near 8300-8400 zone .FII bought 3.5 K PE longs  and 3.2 K  PE were  shorted by them .Retail bought 7.5 K PE contracts and 41.5  K PE were shorted by them.
  • FII’s bought 213 cores in Equity and DII’s bought 119 cores in cash segment.INR closed at 67.18

Buy above 8540 Tgt 8556,8586 and 8620 (Nifty Spot Levels)

Sell below 8505 Tgt 8490,8462 and 8445 (Nifty Spot Levels)

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