- As Discussed in Last Analysis Nifty made high of 11157 still unable to break the life high of 11172, Bulls need to close above 11184 for the next move towards 11232/11290/11376.Bearish only below 11060 for a move back to 11025/10970/10920.Nifty look for a big move in next 2 days based on time analysis. Nifty hit new life high Will Nifty Bulls Close above 11025 for rally towards new life high ? as soon as we closed above 11025, Now bulls have task to close above 11188 tommrow for the next round of rally towards 111230/11300/11376/11444/11500. Bearish below 11100 for a move back to 111025/10970/10920. Important intraday time for reversal can be at 10:28/2:02. Bank Nifty breaks out of gann angle,EOD Analysis
- 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
- Nifty Futures Trend Deciding level is 11194 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 11194 . How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
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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