Nifty September Series Overview

  • As discussed in last analysis     We have expiry tomorrow and again price is near the major gann angle from which it has fallen 3 times, also price is stuck in 2 gann angles, suggesting explosive move round the corner. September series will start with time cycle date on 01 Sep, so big move should be seen in next 2 trading sessions. Also price is stuck in 2 gann angles, suggesting explosive move round the corner. Long in September series should be taken above 9950 for a move towards 10090/10150/10280. Bearish below 9850 for a move towards 9770/9685/9610  Bank Nifty Aug Expiry Analysis

  • Nifty September Future Open Interest Volume is at 1.58  core with addition of 62 Lakh with increase in  cost of carry suggesting long position were closed today, NF Rollover cost @9910  Closed above it and rollover %@56
  • Total Future & Option trading volume at 11 Lakh core with total contract traded at 1.82 lakh , PCR @0.83

 

  • FII’s bought 77 cores  and DII’s bought 510 cores in cash segment.INR closed at 63.94

Buy above 9925  Tgt 9943,9970 and 10000 (Nifty Spot Levels)

Sell below 9900 Tgt 9870,9830 and 9800 (Nifty Spot Levels)

Upper End of Expiry: 9951

Lower End of Expiry:9817

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