Will Nifty bulls able to Hold 10920,EOD Analysis

  • FII’s bought 5.7 K contract of Index Future worth 595 cores ,827 Long contract were covered by FII’s and 6.5 K Short contracts were covered by FII’s. Net Open Interest decreased  by 7.3 K contract, so fall in market was used by FII’s to exit long and exit short in  Index futures.  FII’s Long to Short Ratio at 1.19. How to become Millionaire with Consistent Success in Trading

 

  • As Discussed in Last Analysis   Nifty did the target of 11060 above 10920, Now bulls need to hold range of 11000-11025 for the next move towards 11088/11171/11232. Bearish below 10920 for a move back to 10810/10730. Low made today was 10926 so bulls held on to 10920.Bearish below 10920 for a move back to 10864/10810/10730. Bullish above 10968 for a move back to 11020/11060. Important intraday time for reversal can be at 2:17. Bank Nifty corrects 200 points with break of time cycle low,EOD Analysis

  • Nifty July Future Open Interest Volume is at 2.44 core with liquidation of 7.3 Lakh with increase in  cost of carry suggesting short position were added today, NF Rollover cost @10720 closed above it.
  • 11000 CE  is having Highest OI  at 39.6 Lakh, resistance at 11000 followed by 11200 .10200-11000 CE added 7.5 lakh in OI so bears  added position in range of 10800-11000 CE. FII bought 11.8 K CE and 5.2 K  CE were shorted by them. Retail sold 85.5 K CE and 48.7 K CE were shorted by them.

 

  • 10600 PE OI@47.7 lakhs having the highest OI strong support at 10800 followed by 10700 . 10200-11000 PE liquidated 21.2 Lakh in OI so bulls covered position in range 10700-10900 PE. FII bought 11.7 K CE and 1 K PE were shorted by them. Retail sold 48.1 K PE and 8.3 K PE were shorted by them.
  • Total Future & Option trading volume at 5.79  Lakh core with total contract traded at 0.99 lakh , PCR @0.98

 

  • FII’s sold 625 cores  and DII’s sold 70 cores in cash segment.INR closed at 68.56

 

Buy above 10961 Tgt 10995,11020 and 11054 (Nifty Spot Levels)

Sell below 10920 Tgt 10905,10888 and 10860 (Nifty Spot Levels)

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