Nifty Ready for Big move,EOD Analysis

  • FII’s sold 6.5  K contract of Index Future worth 483 cores ,1.6 K Long contract were added by FII’s and 5.4 K Short contracts were added by FII’s. Net Open Interest increased  by 4.4 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 1.37. Build up your confidence as a trader
  • As discussed in last analysis   High made today was 10132 missed the life high by 5 points but still held on to 10030 after last 1 hour of volatility, till we are holding 10030 another attempt will be made towards new life highs and ultimate move towards 10250 which is an important gann resistance,  Bearish below 10030 for a move towards 9970/9930/9870. Nifty made another failed attempt to make new high as high made was 10127 but still 10030 was held as price is near gann angle for last few days big move is on the cards. ill we are holding 10030 another attempt will be made towards new life highs and ultimate move towards 10250 which is an important gann resistance,  Bearish below 10030 for a move towards 9970/9930/9870.  Bank Nifty does 25000 Holding Gann Line,EOD Analysis

  • Nifty September Future Open Interest Volume is at 2.08 core with addition of 3.2 Lakh with increase in  cost of carry suggesting long position were added today, NF Rollover cost @9910 Closed above it.
  • Total Future & Option trading volume at 10.03 Lakh core with total contract traded at 0.80 lakh , PCR @0.95
  • 10200 CE  is having Highest OI  at 43.5 Lakh, resistance at 10200 followed by 10100 .9500-10500 CE added 2.2 Lakh in OI so bears added major position  in range of 10100-10200 CE. FII sold 1.9 K  CE and 4.3 K CE were shorted by them. Retail sold 71.9 K CE and 46.4 K shorted CE were covered by them
  • 9900 PE OI@58.7 lakhs having the highest OI strong support at 9900 followed by 9800. 9900-10500 PE added 11.3  Lakh in OI so bulls added position in 9900-10300 PE,making strong base at 9900. FII bought 5.8 K  PE and 9.5 K PE were shorted by them. Retail sold 86.8 K PE and 79.3 K shorted PE were covered by them
  • FII’s sold 1334 cores  and DII’s bought 793 cores in cash segment.INR closed at 64.12

Buy above 10095  Tgt 10120,10142 and 10187 (Nifty Spot Levels)

Sell below 10070 Tgt 10048,10025 and 10000 (Nifty Spot Levels)

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