- FII’s sold 15.3 K contract of Index Future worth 1262 cores 861 Long contract were liquidated by FII’s and 14.5 K Short contracts were added by FII’s. Net Open Interest increased by 13 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 0.88
- As Discussed in Last Analysis Bears will get active below 11300 for a move towards 11239/11194/11142.Bulls above 11343 can push towards 11400/11461/11525/11600.Nifty is doing Price Time Squaring if 11301 is protected. Bears got 1 target on downside below 11300, Till we are below 11300 bears have upper hand can push nifty towards 11194/11125. Bulls will get active above 11300 for a move back to 11343/11400.
- Important intraday time for reversal can be at 9:19/11:34/12:44/1:37/2:54 How to Find and Trade Intraday Reversal Times
- Nifty Aug Future Open Interest Volume is at 1 core with addition of 20 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @11841 closed below it.
- Total Future & Option trading volume at 15.69 Lakh core with total contract traded at 1.66 lakh , PCR @0.86
- 11400 CE is having Highest OI at 37.6 Lakh, resistance at 11300 followed by 11400 .11300-11400 CE added 42 Lakh in OI so bears added position in range of 11300-11400.FII bought 12.1 K CE and 2.3 K CE were shorted by them. Retail bought 52.3 K CE and 28.4 K CE were shorted by them.
- 11300 PE OI@22 Lakhs having the highest OI strong support at 11200 followed by 11300 . 11200-11400 PE liquidated 1 Lakh in OI so bulls covered position in range 11200-11300.FII sold 24.9 K PE and 2.3 K PE were shorted by them. Retail bought 31.5 K PE and 4 K PE were shorted by them.
- FII’s sold 1392 cores and DII’s bought 2140 ores in cash segment.INR closed at 68.98 Dollar to Rupee Forecast Lok Sabha Election Week
- Nifty Futures Trend Deciding level is 11269 For Intraday Traders). NF Trend Changer Level (Positional Traders) 11660 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 11283 Tgt 11310,11336 and 11363 (Nifty Spot Levels)
Sell below 11252 Tgt 11230,11200 and 11173 (Nifty Spot Levels)
Upper End of Expiry:11346
Lower End of Expiry:11196
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