Nifty forms DOJI near gann date of 28 Aug

  • FII bought 6.7  K contract of Index Future worth 654 cores, Net OI has increased by 17.5 K contract, 12.1 Long contract were added by FII and 5.4 K short were added by FII. Net FII Long Short ratio at 0.49, So FII used fall to enter longs and enter shorts.
  • As Discussed in Last Analysis   We did not break Gann Date low and rallied above 10870  towards 11060. Now Bulls need to move above 11100 for a move towards 11146/11200. Bears will get active below 11000 for a move back to10943/10890. 11141 done. 28 Aug is important time cycle date,Bulls need to move above 11148 for a move towards 11200/11240/11300. Bears will get active below 11050  for a move back to 10980/10930.

  • Total Future & Option trading volume at 12.57 Lakh core with total contract traded at 1.90 lakh , PCR @0.89
  • Nifty Aug Future Open Interest Volume is at 1.51 core with liquidation of 18.1 Lakh with  increase in  cost of carry suggesting long position were closed today, NF Rollover cost @11355 closed below it.
  • 11200 CE  is having Highest OI  at 34.8 Lakh, resistance at 11200 followed by 11300 .10600-11100 CE liquidated 4.3 Lakh in OI so bears covered position in range of 11000-11200. FII Bought 5.7 K CE Contract and 11.3 K CE were shorted by them, Retailers Bought 75.2 K CE and 950. K shorted CE were shorted by them.
  • 11000  PE OI@43.3Lakhs having the highest OI strong support at 11000 followed by 10900 . 10600-11200 PE added 20 Lakh in OI so bulls added position in range 10800-11100.FII bought 23.2 K PE contract and 27.7 K PE were shorted by them, Retailers bought 79 K PE and 37 K PE were shorted by them.
  • FII’s  sold 923 cores and DII’s bought 1162 cores in cash segment.INR closed at 71.55

Buy above 11122 Tgt 11146,11177 and 11200  (Nifty Spot Levels)

Sell below 11077 Tgt 11056,11022 and 11000 (Nifty Spot Levels)

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