Nifty Bulls rally above 11458,EOD Analysis

  • FII’s bought 6.4 K contract of Index Future worth 458 cores ,2.2 K Long contract were covered by FII’s and 8.7 K Short contracts were covered by FII’s. Net Open Interest decreased  by 11 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 0.77. How To Get What I Want
  • As Discussed in Last Analysis  Low made was 11250 and we saw the relief rally, Now bulls need a close above 11458 for this up move to continue in case we open gap up tomorrow. Bearish below 11350 for a move back to 11280/11230/11159. Bullish above 11458 for a move back to 11520/11570/11630. Bulls opened with a gap up as soon as it sustained above 11458 reached our target of 11520.Now Bulls need to close above 11520 for a move towards 11570/11630/11696. Bearish below 11450 for a move back to 11390/11330/11270. Important intraday time for reversal can be at 9:29/2:17. Bank Nifty Bulls able to close above 26640,EOD Analysis

 

  • Nifty Sep Future Open Interest Volume is at 2.66 core with liquidation of 5.1 Lakh with decrease in  cost of carry suggesting short position were closed  today, NF Rollover cost @11747 and Rollover %@ 67
  • 11600 CE  is having Highest OI  at 32.4 Lakh, resistance at 11600 followed by 11700 .11000-11800 CE liquidated 23.8 lakh in OI so bears  covered position in range of 11500-11400 CE. FII bought 12.7  K CE and 6.2 K CE were shorted by them. Retail sold 30 K CE and 12.3 K CE were shorted  by them.

 

  • 11400 PE OI@40.5 Lakhs having the highest OI strong support at 11400 followed by 11300 . 11000-11600 PE added 0.72 Lakh in OI so bulls added position in range 11300-11400 PE. FII sold 8.1 K PE and 2.9 K  shorted  PE were covered by them. Retail bought 75.3 K PE and 42.8 K PE were shorted by them.
  • Total Future & Option trading volume at1 6.12 Lakh core with total contract traded at 1.17 lakh , PCR @0.90

 

  • FII’s bought 1090 cores  and DII’s bought 115 cores in cash segment.INR closed at 71.84, Started correcting from 73 level as discussed in Rupee Analysis. Indian Rupee nearing a Short term top

 

Buy above 11525 Tgt 11545,11570 and 11585 (Nifty Spot Levels)

Sell below 11480 Tgt 11460,11430 and 11400 (Nifty Spot Levels)

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4 thoughts on “Nifty Bulls rally above 11458,EOD Analysis”

  1. Bramesh sir.. couple of things.. my calculation of pcr comes to 1.14. also highest call oi is coming for 11800.. I think your pcr is w.r.t volume.. which one to consider, pcr(oi) vs pcr(volume)

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