- As Discussed in Last Analysis As per time cycle we should get good move either today or tomorrow.Bulls now need a close above 10886 for a move back to 10938/10990/11043. Bears will get chance below 10830 for a move back to 10782/10743. Low made was 10843 and above 10886 we did all target on upside and got big move as per time cycle date. Now BUlls need to close above 11060 for a move towards 11155/11200. Bears will get active below 10970 for a move back to 10890/10830.
- Important intraday time for reversal can be at 10:31/11:24/12:38/1:15/2:23 How to Find and Trade Intraday Reversal Times
- Total Future & Option trading volume at 27.7 Lakh core with total contract traded at 1.87 lakh , PCR @0.76
- Nifty Aug Future Open Interest Volume is at 1.84 core with liquidation of 2 Lakh with increase in cost of carry suggesting long position were closed today, NF Rollover cost @11355 closed below it.
- 11000 CE is having Highest OI at 24.4 Lakh, resistance at 11000 followed by 11100 .10800-11400 CE liquidated 6 Lakh in OI so bears added position in range of 11000-11200.
- 10700 PE OI@25 Lakhs having the highest OI strong support at 10800 followed by 10700 . 10800-11400 PE added 12.6 Lakh in OI so bulls added position in range 10800-11100.
- FII’s sold 437 cores and DII’s bought 291 cores in cash segment.INR closed at 70.87
- Nifty Futures Trend Deciding level is 10968 For Intraday Traders). NF Trend Changer Level (Positional Traders) 11071 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 11060 Tgt 11090,11122 and 11156 (Nifty Spot Levels)
Sell below 10970 Tgt 10943,10910 and 10886 (Nifty Spot Levels)
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