- FII bought 11.2 K contract of Index Future worth 914 cores, Net OI has increased by 12.3contract, 11.8 KLong contract were added by FII and 523 short were added by FII. Net FII Long Short ratio at 0.39, So FII used rise to add more longs.
- As Discussed in Last Analysis Nifty Bulls now 10950 for a move back to 11020/11100. Bears will get active below 10885 for a move back to 10821/10760. Today was an Important Astro date and if low is protected we can rally back to 11100. High made was 11078 so nifty did 11078 above 10950. Now as per time cycle we should see another big move ,Bears will get active below 10885 for a move back to 10821/10760.Nifty Bulls need to close above 11020 for a move back to 11079/11156
- Important intraday time for reversal can be at 9:57/11:35/12:46/1:42/2:17 How to Find and Trade Intraday Reversal Times
- Total Future & Option trading volume at 25.64 Lakh core with total contract traded at 1.72 lakh , PCR @0.90
- Nifty Aug Future Open Interest Volume is at 1.74 core with liquidation of 1.8 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @11355 closed below it.
- 11000 CE is having Highest OI at 25.6 Lakh, resistance at 11000 followed by 11100 .10800-11400 CE added 12.8 Lakh in OI so bears added position in range of 11000-11200.
- 10700 PE OI@23.1 Lakhs having the highest OI strong support at 10700 followed by 10800 . 10800-11400 PE liquidated 3.2 Lakh in OI so bulls covered position in range 10800-11100.
- FII’s bought 1614 cores and DII’s bought 1619 cores in cash segment.INR closed at 71.27
- Nifty Futures Trend Deciding level is 11028 For Intraday Traders). NF Trend Changer Level (Positional Traders) 11069 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 11000 Tgt 11033,11060 and 11100 (Nifty Spot Levels)
Sell below 10935 Tgt 10910,10885 and 10850 (Nifty Spot Levels)
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