Nifty ready to Rally on Quarterly Closing,EOD Analysis

  • As Discussed in Last Analysis   Above 11076 bulls have upper hand and can move towards 11143/11181.Bearish below 10980 for a move back to 10930/10870/10800. As Expiry got over yesterday most of the poison is out of system and we are starting Oct Expiry with a very low OI of 1.65 Lakh OI and also as we have Weekly/Monthly/Quarterly so NAV Game will come in Play. Nifty bulls were able to protect 10944 one more time, Bullish above 11006 for a move towards 11089/11149/25452. Bearish below 10944 for a move back to 10890/10830.   Important intraday time for reversal can be at 9:15/1:57. Bank Nifty ready to Rally on Quarterly Closing,EOD Analysis

 

  • Nifty Sep Future Open Interest Volume is at 1.65 core with addition of 62 Lakh with increase in  cost of carry suggesting long position were added today, NF Rollover cost @11075 and Rollover %@ 60.1

 

  • FII’s sold 552 cores  and DII’s sold 186 cores in cash segment.INR closed at 72.59, Started correcting from 73 level as discussed in Rupee Analysis. Indian Rupee nearing a Short term top

 

Buy above 11007 Tgt 11035,11060 and 11100 (Nifty Spot Levels)

Sell below 10944 Tgt 10920,10890 and 10850 (Nifty Spot Levels)

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