Nifty Trading Plan for 29 Jul

  • FII bought 11.6 K contract of Index Future worth 993 cores, Net OI has increased by 17  K contract, 14.3 K Long contract were added by FII and 2. K  Shorts were added by FII. Net FII Long Short ratio at 1.34, So FII used fall to enter longs and enter shorts.
  •  As discussed in last analysis  Bears broke 11155 and did 1 target and closed below 11155, As per Astro cycle we should get big move in next 2 trading sessions. Bears till below 11155 and need to break 11056 Mercury Elogation low for a quick fall towards 10960/10890. Bulls will get active above 11240 for a move back to 11290/11322/11370.We got the big move as per astro cycle as discussed in below video and did almost 2 tgt on upside.Now Bulls needs to move 11320 for a move towards 11366/11419. Bears will get active below 11255 for a move back to 11207/11154.

  • Total Future & Option trading volume at  17.55 Lakh core with total contract traded at 1.87 lakh , PCR @0.83
  • Nifty July Future Open Interest Volume is at 0.56  Cores with addition of 11.9 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @10325 closed above it.
  • 11400 CE is having Highest OI at 34 Lakh, resistance at 11300 followed by 11400.11000-11300 CE added 33 Lakh in OI so bears added in range of 11200-11300.FII bought 15.2 K CE and 11.2 K CE were shorted by them. Retailers sold 84 K CE and 48 K  shorted  CE were covered  by them.
  • 11100 PE OI@35 Lakhs having the highest OI strong support at 11100 followed by 11000. 10800-11000 PE added 44  Lakh in OI so bulls added position in range 10900-11000.FII bought 4.1 K PE and 16.3 K PE were shorted by them. Retailers bought 127 K PE and 86 K PE were shorted by them.
  • FII’s bought 246 cores and DII’s sold 1017 cores in cash segment.INR closed at 74.83

Buy Above 11320 Tgt 11343,11377 and 11400 (Nifty Spot Levels)

Sell Below 11275 Tgt 11256,11234 and 11200 (Nifty Spot Levels)

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