Nifty Analysis as Astro Date Confluence

  • FII sold 7.5 K contract of Index Future worth 498 cores, Net OI has decreased by 8.2 K contract, 7.8 K Long contract were covered by FII and 329  Shorts were covered by FII. Net FII Long Short ratio at 1.18, So FII used rise to exit longs and exit shorts.
  •  As discussed in last analysis  High made was 10820 so bulls unable to break 10845 and once bears break 10777 and did 10730 on downside and now waiting for 10666/10610 till we are below 10820. Bulls need to move above 10845 for a move back to 10900/10960.Nifty opened with gap up and once above 10845 did 1 target on upside and took resistance at 200 DMA, As today is important Astro date as discussed in below video,today high and low break will lead to next 150-200 points in Nifty. Bulls will get active above 10825 for a move back to 10890/10955/11023. Bears will get active below 10750 for a move back to 10680/10610/10570.

  • Total Future & Option trading volume at  11.06 Lakh core with total contract traded at 1.68 lakh , PCR @0.93
  • Nifty July Future Open Interest Volume is at 1.15 Cores with liquidation of 1.6 Lakh with increase in cost of carry suggesting short position were covered today, NF Rollover cost @10325 closed above it.
  • 10900 CE is having Highest OI at 11 Lakh, resistance at 10900 followed by 11000.10200-10700 CE added 16 Lakh in OI so bears added in range of 10600-10800.FII bought 16.3 K CE and 21.7 K CE were shorted by them. Retailers bought 187 K CE and 119 K  CE were shorted by them.
  • 10600 PE OI@5 Lakhs having the highest OI strong support at 10600 followed by 10500. 10200-10600 PE added 4  Lakh in OI so bulls added position in range 10500-10600.FII bought 7.2 K PE and 1 K PE were shorted by them. Retailers bought 80 K PE and 96 K shorted PE were covered by them.
  • FII’s bought 221 cores and DII’s sold 1485 cores in cash segment.INR closed at 75.29

Buy Above 10825 Tgt 10850,10875 and 10910 (Nifty Spot Levels)

Sell Below 10780 Tgt 10756,10730 and 10699 in a ne (Nifty Spot Levels)

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