Nifty gave big move as per time price analysis

  • FII’s bought 8.5 K contract of Index Future worth 711 cores ,18.1 K  Long contract were added by FII’s and 9.6 K Short contracts were added by FII’s. Net Open Interest increased  by 27.6 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 1.45. NSE Extended Trading Hours Pros and Cons

 

  • Nifty Aug Future Open Interest Volume is at 2.27 core with addition of 19.7 Lakh with increase in  cost of carry suggesting long position were covered today, NF Rollover cost @10720 closed above it.
  • 11500 CE  is having Highest OI  at 38.5 Lakh, resistance at 11400 followed by 11500 .10500-11500 CE added 12.7 lakh in OI so bears  added position in range of 11400-11500 CE. FII bought 15.1 K CE and 4.6 K  CE were shorted by them. Retail bought 35 K CE and 49.9 K CE were shorted by them.

 

  • 11000 PE OI@49.7 lakhs having the highest OI strong support at 11000 followed by 10900 . 10500-11500 PE added 42.2 Lakh in OI so bulls added position in range 10900-11000 PE. FII bought 2.3 K PE and 15.3 K PE were shorted by them. Retail bought 108 K PE and 75.3 K PE were shorted by them.
  • Total Future & Option trading volume at 9.05 Lakh core with total contract traded at 1.21 lakh , PCR @1.01

 

  • FII’s sold 1195 cores  and DII’s bought 97.6 cores in cash segment.INR closed at 68.66

 

Buy above 11300 Tgt 11330,11350 and 11377 (Nifty Spot Levels)

Sell below 11250 Tgt 11230,11205 and 11185 (Nifty Spot Levels)

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