Nifty Bulls close above 11025 and also give big move,EOD Analysis

  • FII’s sold 6.9 K contract of Index Future worth 603 cores ,1.6 K Long contract were added by FII’s and 8.5 K Short contracts were added by FII’s. Net Open Interest increased  by 10.2 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 1.12. Money Management Matters In Trading

 

  • As Discussed in Last Analysis  Nifty traded in the range as high made was 11030 and low was 10946 so we continue with range contraction.We should see a good move in next 2 days as per time cycle, Bullish above 11025 for a move back to 11088/11126/11172. Bearish below 10920 for a move back to 10876/10812. We got the big move as expected and till we are holding 11025 we should rally till 11126/11172/11215. Bearish below 11000 for a move back to 10920.Important intraday time for reversal can be at 9:23/2:18. Bank Nifty ready for breakout above 27064,EOD Analysis

  • Nifty July Future Open Interest Volume is at 2.24 core with liquidation of 16.1  Lakh with decrease in  cost of carry suggesting short position were covered today, NF Rollover cost @10720 closed above it.
  • 11100 CE  is having Highest OI  at 34.1 Lakh, resistance at 11100 followed by 11200 .10500-11200 CE liquidated 19.2 lakh in OI so bears  covered  position in range of 10800-11000 CE. FII bought 3 K CE and 6.7 K  shorted CE were covered  by them. Retail sold 146 K CE and 3.8 K shorted CE were by them.

 

  • 10900 PE OI@44.9 lakhs having the highest OI strong support at 10900 followed by 10800 . 10500-11200 PE added 4 Lakh in OI so bulls added position in range 10700-10900 PE. FII sold 5.6 K CE and 5.2 K PE were shorted by them. Retail bought 81.8 K PE and 28.7 K PE were shorted by them.
  • Total Future & Option trading volume at 6.85 Lakh core with total contract traded at 0.97 lakh , PCR @1

 

  • FII’s bought 259 cores  and DII’s bought 124 cores in cash segment.INR closed at 68.86

 

Buy above 11100Tgt 11130,11166 and 11197 (Nifty Spot Levels)

Sell below 11060 Tgt 11030,11001 and 10970 (Nifty Spot Levels)

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