- As Discussed in Last Analysis Time Cycle suggests big move round the corner. Bulls now need a close above 11301 for a move back to 11355/11400. Bears will get active below 11226 for a move back to 11166/11108. 11151 done below 11126. Now we have hit a good support at 11151, fresh short for positional should be taken below 11100 only. Till we are holding 200 DMA @11140 we can see a rally towards 11256/11310/11363. Bears will get active below 11098 for a move towards 11045/10993. Yesterday high and low very important.
- Important intraday time for reversal can be at 10:52/11:13/12:27/1:29/2:33 How to Find and Trade Intraday Reversal Times
- Total Future & Option trading volume at 8.16 Lakh core with total contract traded at 1.16 lakh , PCR @0.89
- 11500 CE is having Highest OI at 11.9 Lakh, resistance at 11400 followed by 11500 .11300-11400 CE added 15 Lakh in OI so bears added position in range of 11400-11500.
- 11200 PE OI@21 Lakhs having the highest OI strong support at 11200 followed by 11300 . 11200-11400 PE added 6.8 Lakh in OI so bulls covered position in range 11200-11300.
- Nifty Aug Future Open Interest Volume is at 1.80 core with addition of 11.4 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @11355 closed below it.
- FII’s sold 704 cores and DII’s bought 135 ores in cash segment.INR closed at 68.98
- Nifty Futures Trend Deciding level is 11230 For Intraday Traders). NF Trend Changer Level (Positional Traders) 11285 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 11203 Tgt 11223,11256 and 11290 (Nifty Spot Levels)
Sell below 11177 Tgt 11155,11124 and 11110 (Nifty Spot Levels)
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