Nifty Crashes as Astro Cycle Show Effect

  • FII sold 21.3 K contract of Index Future worth 1645 cores, Net OI has increased by 18.8 K contract, 1.2 K Long contract were covered by FII and 20 K  Shorts were added 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  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. High made was 10756 so bears below 10750 all target were done and Astro date worked perfectly.We are near a very important level of 10545-10576.Bulls will get active above 10666 for a move back to 10730/10800/10850. Bears will get active below 10545 for a move back to 10500/10449/10370.

  • Total Future & Option trading volume at  15.10 Lakh core with total contract traded at 2.25 lakh , PCR @0.90
  • Nifty July Future Open Interest Volume is at 1.09 Cores with liquidation of 5.7 Lakh with decrease in cost of carry suggesting short position were covered today, NF Rollover cost @10325 closed above it.
  • 10700 CE is having Highest OI at 29.5 Lakh, resistance at 10700 followed by 10800.10200-10700 CE added 26 Lakh in OI so bears added in range of 10600-10800.FII bought 12.8 K CE and 21.5 K CE were shorted by them. Retailers bought 183 K CE and 95 K  CE were shorted by them.
  • 10500 PE OI@22 Lakhs having the highest OI strong support at 10500 followed by 10400. 10200-10600 PE added 4  Lakh in OI so bulls added position in range 10500-10600.FII bought 8.3 K PE and 1 K PE were shorted by them. Retailers sold 48 K PE and 46 K shorted PE were covered by them.
  • FII’s sold 1565 cores and DII’s sold 649 cores in cash segment.INR closed at 75.59

Buy Above 10625 Tgt 10642,10666 and 10700 (Nifty Spot Levels)

Sell Below 10585 Tgt 10555,10529 and 10500 (Nifty Spot Levels)

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