Nifty Bulls Bear in tug of war at 9750,EOD Analysis

  • FII’s bought 3 K contract of Index Future worth 209 cores ,2.4 K Long contract were added by FII’s and 569  Short contracts were liquidated by FII’s. Net Open Interest increased  by 1.9 K contract, so rise in market was used by FII’s to enter long and exit short in  Index futures. FII’s Long to Short Ratio at 1.14,For the August Series FII have net added shorts 130 K Contract till we do not close above 9910 all rallies will get sold into.  Day-Traders Lose Big, Still Live in Denial

  • Nifty August Future Open Interest Volume is at 2.51 core with liquidation of 4.7  Lakh with increase in  cost of carry suggesting short position were added today, NF Rollover cost @10036  Closed below it.
  • Total Future & Option trading volume at 6.28 Lakh core with total contract traded at 1.39 lakh , PCR @0.95
  • 10000  CE  is having Highest OI  at 58.8  lakh, resistance at 9900 followed by 10000 .9500-10000 CE added 4.7 Lakh in OI so bears added major position  in range of 9700 CE. FII bought 1.3 K CE longs and 6.6 K  CE were shorted by them.Retail bought 23.6 K CE contracts and 15.3 K CE were shorted by them.
  • 9800 PE OI@51.1 lakhs having the highest OI strong support at 9800 followed by 9700. 9400-10000 PE added 14 Lakh in OI so bulls covered position in 9400-9800 PE. FII bought 3.9 K PE and 3 K PE were shorted by them. Retail sold 3.3 K PE and 18.6 K PE were shorted by them
  • FII’s sold 828 cores  and DII’s bought 435 cores in cash segment.INR closed at 64.10

Buy above 9785  Tgt 9811,9835 and 9870 (Nifty Spot Levels)

Sell below 9750 Tgt 9735,9710 and 9652 (Nifty Spot Levels)

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