Nifty Analysis for August Series

  • Nifty Aug Future Open Interest Volume is at 2.08 core with addition of 68.2 Lakh with increase in  cost of carry suggesting long position were covered today, NF Rollover cost @11149 closed above it and Rollover 70.6 %.
  • 11500 CE  is having Highest OI  at 23.9 Lakh, resistance at 11500 followed by 11300 .10800-11500 CE added 19.6 lakh in OI so bears added position in range of 11300-11500 CE at start of the series.

 

  • 11000 PE OI@32.4 lakhs having the highest OI strong support at 11000 followed by 10900 . 10800-11500 PE added 34.7 Lakh in OI so bulls added position in range 10900-11000 PE strong support at 11000-111000.
  • Total Future & Option trading volume at 17.81 Lakh core with total contract traded at 1.56 lakh , PCR @0.98

 

  • FII’s bought 2453 cores  and DII’s sold 2716 cores in cash segment.INR closed at 68.66

 

Buy above 11188 Tgt 11210,11235 and 11253 (Nifty Spot Levels)

Sell below 11150 Tgt 11133,11100 and 11070 (Nifty Spot Levels)

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