Nifty EOD Analysis for 17 July

  • FII sold 9.2 K contract of Index Future worth 644 cores, Net OI has increased by 1.9 K contract, 3.6 K Long contract were liquidated by FII and 5.6 K  Shorts were added by FII. Net FII Long Short ratio at 0.96, So FII used fall to enter  longs and exit shorts.
  •  As discussed in last analysis  Bears will get active below 10545 for a move back to 10500/10449/10370. Bulls will get active above 10648 for a move back to 10701/10777/10827.Nifty Bulls will get active above 10777 for a move back to 10825/10870. Bears will get active below 10695 for a move back to 10630/10555.

  • Total Future & Option trading volume at  36 Lakh core with total contract traded at 1.90 lakh , PCR @0.77
  • Nifty July Future Open Interest Volume is at 1.05  Cores with addition of 9.4 Lakh with decrease in cost of carry suggesting long position were added today, NF Rollover cost @10325 closed above it.
  • 10800 CE is having Highest OI at 5 Lakh, resistance at 10800 followed by 10900.10500-10900 CE added 3 Lakh in OI so bears added in range of 10600-10800.
  • 10500 PE OI@15 Lakhs having the highest OI strong support at 10500 followed by 10400. 10300-10600 PE added 4  Lakh in OI so bulls added position in range 10500-10400.
  • FII’s sold 1091 cores and DII’s bought 1659 cores in cash segment.INR closed at 75.29

Buy Above 10760 Tgt 10791,10821 and 10855 (Nifty Spot Levels)

Sell Below 10714 Tgt 10696,10675 and 10648 (Nifty Spot Levels)

Leave a Reply