Nifty EOD Analysis for 13 Jul

  • FII bought 21.8 K contract of Index Future worth 1610 cores, Net OI has decreased by 6.6 K contract, 13.9 K Long contract were covered by FII and 7.2 K Shorts were added by FII. Net FII Long Short ratio at 1.33, So FII used rise to exit longs and enter shorts.
  •  As discussed in last analysis Now we have very important cycle coming on 12 Jul so we should see big move in nifty in coming 2 trading sessions. Bulls need to move above 10845 for a move back to 10900/10960. Bears will get active below 10777 for a move back to 10730/10666. 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

  • Total Future & Option trading volume at  9.87 Lakh core with total contract traded at 1.96 lakh , PCR @0.77
  • Nifty July Future Open Interest Volume is at 1.16 Cores with addition of 0.17 Lakh with increase in cost of carry suggesting short position were added 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 9.5 K CE and 20.3 K CE were shorted by them. Retailers bought 244 K CE and 189 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 45.5 K PE and 16 K PE were shorted by them. Retailers bought 83.2 K PE and 124 K shorted PE were covered by them.
  • FII’s sold 1031 cores and DII’s bought 431 cores in cash segment.INR closed at 75.39

Buy Above 10796 Tgt 10820,10843 and 10877 (Nifty Spot Levels)

Sell Below 10733 Tgt 10713,10690 and 10666 in a ne (Nifty Spot Levels)

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