Nifty Analysis for 22 Jul

  • FII bought 9.9 K contract of Index Future worth 857 cores, Net OI has increased by 11.4 K contract, 10.7 K Long contract were added by FII and 725  Shorts were added by FII. Net FII Long Short ratio at 1.27, So FII used rise to enter longs and enter shorts.
  •  As discussed in last analysis   Bulls need to move above 11057 for a move back to 11110/11163/11216. Bears will get active below 10953 for a move back to 10900/10848/10796. Another gap up open by Nifty no levels got triggered, Bulls will get active above 11190 for a move back to 11230/11270,Bears will get active below 11110 for a move back to 11057/11005. We are nearing gann angle resistance and last swing high time to be cautious during this phase of optimism

  • Total Future & Option trading volume at  13.17 Lakh core with total contract traded at 1.56 lakh , PCR @0.97
  • Nifty July Future Open Interest Volume is at 1.06  Cores with liquidation of 1.47 Lakh with increase in cost of carry suggesting long position were closed today, NF Rollover cost @10325 closed above it.
  • 11200 CE is having Highest OI at 22 Lakh, resistance at 11200 followed by 11300.10900-11000 CE added 23 Lakh in OI so bears added in range of 11200-11300.FII bought 11.3 K CE and 5.4 K shorted CE were covered by them. Retailers bought 18.4 K CE and 29.5 K  CE were shorted by them.
  • 11100 PE OI@33 Lakhs having the highest OI strong support at 11000 followed by 10900. 10800-11000 PE added 24  Lakh in OI so bulls added position in range 10900-11000.FII bought 15.5 K PE and 22.4 K PE were shorted by them. Retailers bought 160 K PE and 109 K PE were shorted by them.
  • FII’s bought 2265 cores and DII’s sold 727 cores in cash segment.INR closed at 74.68

Buy Above 11190 Tgt 11215,11250 and 11280 (Nifty Spot Levels)

Sell Below 11146 Tgt 11123,11085 and 11057 (Nifty Spot Levels)

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