Nifty rallies 100 points onTime Cycle Date,EOD Analysis

  • FII’s sold 1.5 K contract of Index Future worth 246 cores ,5.3 K Long contract were added by FII’s and 6.9 K Short contracts were added by FII’s. Net Open Interest increased  by 12.3 K contract, so rise in market was used by FII’s to enter long and enter short in  Index futures. FII’s Long to Short Ratio at 1.64. Build up your confidence as a trader
  • As discussed in last analysis   Breakout above 10030 for a move towards 10090/10150/10237. Bearish below 9840 for a move towards 9740/9685. New Time Cycle will start from 11 Sep so hopefully we will see a good move soon. Time Cycle did the effect with nifty rallying 100 points but failed to cross the main hurdle of 10030, Bulls need close above 10030 for a march towards 10090/10157/10250. Bearish below 9930 only.  Bank Nifty Breakout on Time Cycle Date,EOD Analysis

  • Nifty September Future Open Interest Volume is at 1.97 core with addition of 3.3 Lakh with increase in  cost of carry suggesting long position were closed today, NF Rollover cost @9910 Closed above it.
  • Total Future & Option trading volume at 4.82 Lakh core with total contract traded at 0.90 lakh , PCR @1.02
  • 10200 CE  is having Highest OI  at 36.5 lakh, resistance at 10200 followed by 10100 .9500-10500 CE liquidated 12.5 Lakh in OI so bears covered major position  in range of 9800-10000 CE. FII bought 19.3 K  CE and 1 K CE were shorted by them. Retail sold 4.6 K CE and 9.4 K CE were shorted by them
  • 9900 PE OI@56 lakhs having the highest OI strong support at 9900 followed by 9800. 9500-10500 PE added  8.6 Lakh in OI so bulls added position in 9500-9800 PE. FII sold 2.3 K  PE and 13.3 K PE were shorted by them. Retail bought 79.2 K PE and 35 K PE were shorted by them
  • FII’s sold 392 cores  and DII’s bought 877 cores in cash segment.INR closed at 63.63

Buy above 10035  Tgt 10060,10086 and 10110 (Nifty Spot Levels)

Sell below 10000 Tgt 9976,9945 and 9920 (Nifty Spot Levels)

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