Nifty Consolidates between gann levels

  • FII’s bought 2.1 K contract of Index Future worth 131 cores ,3.7 K  Long contract were added by FII’s and 1.5 K Short contracts were added by FII’s. Net Open Interest increased  by 5.3 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 1.3. Trading With Your Own Money
  • As Discussed in Last Analysis   Now again 11390-11400 will remains a zone of resistance, Bulls need close above 11400 for a move towards 11444/11503/11557/11611. Bearish below 11290 for a move back to 11235/11184. Nifty is just consolidating and digesting gain of recent upmove before we see next move around importnat time cycle date of 11 Aug. Bulls need close above 11400 for a move towards 11444/11503/11557/11611. Bearish below 11290 for a move back to 11235/11184. Important intraday time for reversal can be at 1/2:39.  Bank Nifty Consolidates between gann levels

  • Nifty Aug Future Open Interest Volume is at 2.66 core with addition of 3.2 Lakh with increase in  cost of carry suggesting long position were added today, NF Rollover cost @11149 closed above it.
  • 11500 CE  is having Highest OI  at 38.5 Lakh, resistance at 11400 followed by 11500 .10500-11500 CE added 4.4 lakh in OI so bears  added position in range of 11400-11500 CE. FII bought 2.1 K CE and 1.6 K  CE were shorted by them. Retail bought 40 K CE and 40.9 K CE were shorted by them.

 

  • 11200 PE OI@42.2 lakhs having the highest OI strong support at 11200 followed by 11100 . 10500-11500 PE added 7.2 Lakh in OI so bulls added position in range 11100-11200 PE. FII sold 1.4 K PE and 16 K PE were shorted by them. Retail bought 34.7 K PE and 16.6 K PE were shorted by them.
  • Total Future & Option trading volume at 5.62 Lakh core with total contract traded at 0.71 lakh , PCR @1.11

 

  • FII’s bought 314 cores  and DII’s sold 319 cores in cash segment.INR closed at 68.68

 

Buy above 11400 Tgt 11419,11449 and 11476 (Nifty Spot Levels)

Sell below 11360 Tgt 11343,11320 and 11300 (Nifty Spot Levels)

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