Nifty Technical Analysis for 27 Jul

  • FII bought 18.7 K contract of Index Future worth 1.1 K cores, Net OI has increased by 10.6 K contract, 12.8 K Long contract were covered by FII and 5.9 K  Shorts were added by FII. Net FII Long Short ratio at 1.03, So FII used fall to exit longs and enter shorts.
  •  As discussed in last analysis   Nifty formed a Inside Bar Pattern, did 1 target on upside,Waiting for 22 Jul High and low to be broken being a Mercury Elogation day for 150-200 points move in Nifty. Bulls need to move above  11240 for a move back to 11290/11322/11370. Bears will get active below 11170 for a move back to 11081/11030.High made was 12225 so bulls unable to break 11240 and once bears were able to break 11170 and did 11090 almost near to our target of 11081. Now Bears need to break 11155 for a move back to 11100/11035/10980. Bulls need to break 11240 for a move back to 11290/11322/11370.

  • Total Future & Option trading volume at  11.53 Lakh core with total contract traded at 1.81 lakh , PCR @0.88
  • Nifty July Future Open Interest Volume is at 0.96  Cores with liquidation of 6.1 Lakh with decrease in cost of carry suggesting short position were closed today, NF Rollover cost @10325 closed above it.
  • 11400 CE is having Highest OI at 24 Lakh, resistance at 11300 followed by 11400.11000-11300 CE added 23 Lakh in OI so bears added in range of 11200-11300.FII bought 7.3 K CE and 17.4 K CE were shorted by them. Retailers bought 163 K CE and 134 K  CE were shorted by them.
  • 11100 PE OI@30 Lakhs having the highest OI strong support at 11100 followed by 11000. 10800-11000 PE added 24  Lakh in OI so bulls added position in range 10900-11000.FII bought 15.6 K PE and 15.9 K PE were shorted by them. Retailers bought 78.6 K PE and 108 K PE were shorted by them.
  • FII’s bought 409 cores and DII’s sold 1002 cores in cash segment.INR closed at 74.86

Buy Above 11200 Tgt 11230,11250 and 11280 (Nifty Spot Levels)

Sell Below 11155 Tgt 11120,11090 and 11060 (Nifty Spot Levels)

2 thoughts on “Nifty Technical Analysis for 27 Jul”

  1. forgot -Bulls need to break 112340 “please correct the typo error” . Last week you have mentioned the monthly level 11187, still its struggling to give strong breakout . indication of weakness???

    thank you very much for the early updation.

  2. gm 🙂

    kindly change the Date to “27th”. No Astro weakness yet?? Daily, 3 day pattern both are showing raising wedge but no fall yet. How long bulls can sustain from here??

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