Nifty rallies on Astro Date

  • FII bought 2.9 K contract of Index Future worth 300 cores, Net OI has increased by 13.7  K contract, 8.3 K Long contract were added by FII and 5.3 K short were added by FII. Net FII Long Short ratio at 0.35, So FII used fall to enter longs and enter shorts.
  • As Discussed in Last Analysis  We have important astro time cycle date on 14 so we should see the effect of tomorrow or on Monday. Nifty Bulls need to move above 11010 for a move back to 11055/11100/11141. Bears will get active below 10943 for a move back to 10900/10845. Low made was 10945 so bears were not able to break 10943 as low made was 10945,Bulls were able to do 11055 above 11010 and now waiting for next target of 11000 and 11141, We saw the effect of astro date and now we need to move above 11100 for a move back to 11141/11181/11225. Bears have the chance only below 11030 for a move back to 10943/10890.

  • Total Future & Option trading volume at 9.21 Lakh core with total contract traded at 1.47 lakh , PCR @0.97
  • Nifty Sep Future Open Interest Volume is at 1.67 core with liquidation of 3.7 Lakh with increase in  cost of carry suggesting long position were closed today, NF Rollover cost @11050 closed above it.
  • 11200 CE is having Highest OI at 25.9 Lakh, resistance at 11200 followed by 11300 .10600-11200 CE added 2.9 Lakh in OI so bears added position in range of 11100-11200.FII Bought 8.7 K CE Long and 3.2 K CE were shorted by them. Retails Bought 23.1 K CE and 68.9 K PE were shorted by them. 
  • 10800 PE OI@28.9 Lakhs having the highest OI strong support at 10800 followed by 10700 . 10600-11200 PE added 4.7 Lakh in OI so bulls added position in range 10800-11100.FII Bought 14.2 K PE Long and 10.2 K PE were shorted by them. Retails Bought 176 K CE and 135 K PE were shorted by them. 
  • FII’s  sold 405 cores and DII’s bought 209  cores in cash segment.INR closed at 71.04

Buy above 11100 Tgt 11125,11141 and 11174 (Nifty Spot Levels)

Sell below 11030 Tgt 11001,10970 and 10945 (Nifty Spot Levels)

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