Nifty EOD Analysis for Aug Monthly closing

  • As Discussed in Last Analysis  Now Bears need to break 10980 for down move to continue towards 10931/10880. Bulls will get active above 11060 for a move back to 11111/11146. Break of today high and low can easily give 100-150 points. 10931 done below 10980. 10891-10909 is important support zone, Holding the same we can see bounce back till 11045/11113, Bears will get active below 10890 for a move back to 10821/10777. We have monthly closing tomorrow bulls would like to close in range of 11040-11060. 

  • Total Future & Option trading volume at 14.2 Lakh core with total contract traded at 1.91 lakh , PCR @0.95
  • Nifty Sep Future Open Interest Volume is at 1.75 core with addition  of 7.88 Lakh with  increase in  cost of carry suggesting long position were added today, NF Rollover cost @11050 closed below it.
  • FII’s  sold 986 cores and DII’s bought 439cores in cash segment.INR closed at 71.90

Buy above 10964 Tgt 10990,11022 and 11060 (Nifty Spot Levels)

Sell below 10922 Tgt 10890,10865 and 10821 (Nifty Spot Levels)

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