Nifty Crashes on Astro Date

  • FII bought 4,2 K contract of Index Future worth 213 cores, Net OI has increased by 5.3 K contract, 4.8 K Long contract were added by FII and 526 short were added by FII. Net FII Long Short ratio at 0.27, So FII used fall to enter longs and enter shorts.
  • As Discussed in Last Analysis  Now Bulls need to close above 11060 for the up move towards 11142 very strong resistance zone and bears need to break 10980 for the down move towards 10930/10890/10821. 03 Sep is important time cycle date. 10821 done below 10980, we saw the effect of astro dates. Bears will get active below 10749 for a move towards 10666/10610/10555. Bulls will get active above 10821 for a move towards 10866/10910/10999.

  • Total Future & Option trading volume at 9.31 Lakh core with total contract traded at 1.84  lakh , PCR @0.84
  • Nifty Sep Future Open Interest Volume is at 1.78 core with addition  of 3.8 Lakh with decrease in  cost of carry suggesting short position were closed today, NF Rollover cost @11050 closed above it.
  • 11200 CE is having Highest OI at 21.2 Lakh, resistance at 11100 followed by 11200 .10600-11200 CE added 19.4 Lakh in OI so bears added position in range of 11000-11200.FII bought 7.2 K CE Contract and 10 K CE were shorted by them, Retailers Bought 316 K CE and 177 K CE were shorted by them.
  • 10600 PE OI@22.6  Lakhs having the highest OI strong support at 10700 followed by 10600 . 10600-11200 PE added 5.5 Lakh in OI so bulls added position in range 10800-11100.FII bought 8.9 K PE contract and 12.1 K shorted PE were covered by them, Retailers sold 8.3 K PE and 40 K PE were shorted by them.
  • FII’s  sold 2016  cores and DII’s bought 1251 cores in cash segment.INR closed at 72

Buy above 10821 Tgt 10843,10870 and 10900 (Nifty Spot Levels)

Sell below 10770 Tgt 10743,10724 and 10700 (Nifty Spot Levels)

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