Nifty Analysis for July Series

  • As Discussed in Last Analysis   As soon as 10700 broken nifty did 10666 till we are trading below 10700 we can see down move towards 10620/10555. Bullish above 10730 for a move back towards 10777/10820. For 14 days Nifty was stuck in 192 points range and once 10700 broken we had a fall till 10557 so 143 points fall in 2 days,see the below graph that the beauty of gann price time analysis. Above 10610 bulls will be active and 10697/10730. Bearish below 10570 for a move back to 10520/10476.  Important intraday time for reversal can be at 11:21/2:43. Bank Nifty June Expiry Analysis

 

  • Nifty July Future Open Interest Volume is at 1.87 core with addition of 7 Lakh with decrease in  cost of carry suggesting short  position were added today, NF Rollover cost @10720 and rollover %@62.8 closed above it.
  • 11000 CE  is having Highest OI  at 29.9  Lakh, resistance at 10800 followed by 11050 .10100-11000 CE added 49 lakh in OI so bears  added  position in range of 10700-10800 CE suggesting resistance at 10800-10900 by start of series

 

  • 10600 PE OI@35 lakhs having the highest OI strong support at 10600 followed by 10500 . 10100-11000 PE  added 34.6 Lakh in OI so bulls making support in range of 10500-10400
  • Total Future & Option trading volume at 19.64 Lakh core with total contract traded at 2.11 lakh , PCR @0.83

 

  • FII’s sold 951  cores  and DII’s bought 442 cores in cash segment.INR closed at 68.63

 

Buy above 10610 Tgt 10630,10656 and 10680 (Nifty Spot Levels)

Sell below 10570 Tgt 10540,10520 and 10490 (Nifty Spot Levels)

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