Nifty Reverse from time cycle date

  • FII’s sold 11.3 K contract of Index Future worth 1014 cores. 894 Long contract were added by FII’s and 12.2 K Short contract were added by FII’s. Net Open Interest Increase by 13.1 K .FII Long to Short Ratio 0.36 going to lower end of the channel.
  • As Discussed in Last Analysis   02 Aug is important time cycle date so we can do price time squaring if we close above 11000 tomorrow. Bulls need a close above 11000 for a move towards 11076/11144/11230.. Bears will get active below 10951  for a move back to 10881/10820. Nifty Took Support at gann angle  on time cycle date 02 AUg. It made a bottom at 10848 near our important level of 10850 as discussed on Twitter Now Bulls need to move above 11005 for a move back to 11060/1111/11163. Bears will get active below 10953 for a move back to 10901/10850.

  • Total Future & Option trading volume at 11.42 Lakh core with total contract traded at 1.99 lakh , PCR @0.76
  • Nifty Aug Future Open Interest Volume is at 1.91 core with liquidation of 8.1 Lakh with  decrease in  cost of carry suggesting short position were closed today, NF Rollover cost @11355 closed below it.
  • 11500 CE  is having Highest OI  at 22.2 Lakh, resistance at 11100 followed by 11300 .11000-11400 CE added 3.3 Lakh in OI so bears added position in range of 11200-11500.FII  bought 17.8 K CE options and 26.8 K CE options were shorted bt them. Retail bought 60.8 K CE options and 49.3 K CE options were shorted by them.
  • 10800  PE OI@16.4 Lakhs having the highest OI strong support at 10800 followed by 10700 . 10800-11400 PE added 4.2 Lakh in OI so bulls added position in range 10800-11100.FII  bought 8.9 K PE options and 5 K PE options were shorted bt them. Retail bought 115 K PE options and 98.6 K PE options were shorted by them.
  • FII’s  sold 2888 cores and DII’s bought 2812 cores in cash segment.INR closed at 69.07

Buy above 11005 Tgt 11030,11058 and 11100 (Nifty Spot Levels)

Sell below 10970 Tgt 10940,10910 and 10850 (Nifty Spot Levels)

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