Nifty crashes as Neural Network Shows Efect

  • FII’s sold 31.8 K contract of Index Future worth 2901 cores 11.3 K Long contract were added by FII’s and 20.4 K  Short contracts were added  by FII’s. Net Open Interest increased  by 9.1 K contract, so fall in Nifty was used by FII’s to exit long and enter short in  Index futures.FII’s Long to Short Ratio at 1 How Comfortable you are with your trading ?
  • As Discussed in Last Analysis Harmonic Study worked perfectly as High made was 11981 and we almost reached our 1 target of 11775 as low made was 11798. Now Bulls need to close above 11850 for a move back to 11923/11993/12040. Bears will become active below 11763 for a move back to 11710/11666/11610.08 Jul is important time cycle date. Shorts did the target on downside,Neural Analysis worked perfectly and we saw big fall on 08 Jul and once below 11763 had a big fall. Fresh Short should be taken below 11520 for a move back to 11460/11400. Long should be take above 11577 for a move back to 11620/11666/11730.

  • Nifty July Future Open Interest Volume is at 1.81 core with addition  of 0.93 Lakh with  increase in  cost of carry suggesting short position were added today, NF Rollover cost @11841 closed below it.
  • Total Future & Option trading volume at 11.60 Lakh core with total contract traded at 1.98 lakh , PCR @0.79
  • 12000 CE  is having Highest OI  at 29 Lakh, resistance at 12000 followed by 12100 .11500-12000 CE added 37.3  Lakh in OI so bears added position in range of 11800-12000..FII bought 19.5 K CE long and 10.5 K CE were shorted by them. Retail bought 262 K CE and 145 K CE were shorted by them.
  • 11500 PE OI@15.4 Lakhs having the highest OI strong support at 11500 followed by 11400 . 11000-11700 PE added 1.93 Lakh in OI so bulls added position in range 11500-11400.FII bought 26.7 K PE long and 6.3 K shorted PE were covered by them. Retail sold 17.8 K PE and 10.4 K PE were shorted by them.

Buy above 11577 Tgt 11600,11630 and 11666 (Nifty Spot Levels)

Sell below 11520 Tgt 11495,11470 and 11444 (Nifty Spot Levels)

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