Nifty ready for another big move,EOD Analysis

  • FII’s sold 4.5 K contract of Index Future worth 368 cores ,303  Long contract were added by FII’s and 4.8  K Short contracts were added by FII’s. Net Open Interest increased  by 5.1 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 1.04. Learn to Conquer Emotions in Trading
  • As Discussed in Last Analysis  Bulls need to hold 11500 for the upmove to continue towards 11610/11664 an important vedic number. Bearish below 11470 for a move back to 11400/11340.  Low made was 11539 so bulls held on to 11500 and still waiting for the target of 11610/11644, A perfect day of consolidation ahead of trading holiday and 2 days of big rally. 23 Aug is another important time cycle date, Bulls need to hold 11500 for the upmove to continue towards 11610/11664 an important vedic number. Bearish below 11470 for a move back to 11400/11340.  Important intraday time for reversal can be at 10:11/1:03. Will Bank Nifty Bulls able to Hold gann angle,EOD Analysis

 

  • Nifty Aug Future Open Interest Volume is at 3 core with addition of 1.5 Lakh with decrease in  cost of carry suggesting short position were added today, NF Rollover cost @11149 closed above it.
  • 11600 CE  is having Highest OI  at 34.2  Lakh, resistance at 11600 followed by 11700 .11000-12000 CE liquidated 3.2 lakh in OI so bears  covered  position in range of 11400-11500 CE. FII sold 2.5 K CE and 2.9 K shorted CE were by them. Retail bought 31.2 K CE and 23.4 K CE were shorted by them.

 

  • 11300 PE OI@43.5 lakhs having the highest OI strong support at 11300 followed by 11200 . 11000-12000 PE liquidated 1.2 Lakh in OI so bulls covered small position in range 111200-11300 PE. FII sold 807 PE and 3.7 K  shorted PE were covered by them. Retail bought 7.2 K PE and 10.6 K PE were shorted by them.
  • Total Future & Option trading volume at1 5.83 Lakh core with total contract traded at 0.69 lakh , PCR @1.01

 

 

Buy above 11590 Tgt 11605,11630 and 11655 (Nifty Spot Levels)

Sell below 11560 Tgt 11545,11530 and 11510 (Nifty Spot Levels)

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