Nifty Trading Plan for July Expiry

  • FII sold 9.8 K contract of Index Future worth 819 cores, Net OI has increased by 33 K contract, 12 K Long contract were added by FII and 21.8 K  Shorts were added by FII. Net FII Long Short ratio at 1.13, So FII used fall to enter longs and enter shorts.
  •  As discussed in last analysis  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.We formed a perfect OUTSIDE BAR singalling volatile move coming as we approach montly expiry and monthly closing. Bulls need to move above 11236 for a move back to 11289/11343/11400. Bears will get active below 11181 for a move back to 11131/11078/11025.

  • Total Future & Option trading volume at  22.62 Lakh core with total contract traded at 2 lakh , PCR @0.93
  • Nifty July Future Open Interest Volume is at 0.77 Cores with addition of 20 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @10325 closed above it.
  • 11300 CE is having Highest OI at 23.9 Lakh, resistance at 11300 followed by 11350.11000-11300 CE added 39 Lakh in OI so bears added in range of 11200-11300.FII bought 6.6 K CE and 18.4 K CE were shorted by them. Retailers bought 213 K CE and 125 K CE were shorted  by them.
  • 11100 PE OI@25 Lakhs having the highest OI strong support at 11100 followed by 11000. 11000-11300 PE liqudiated 25  Lakh in OI so bulls covered position in range 11000-11100.FII bought 8.8 K PE and 1.5 K shorted PE were covered  by them. Retailers sold 34.2 K PE and 19.4 K PE were shorted by them.
  • FII’s sold 352 cores and DII’s sold 505 cores in cash segment.INR closed at 74.96

Buy Above 11220 Tgt 11245,11270 and 11300 (Nifty Spot Levels)

Sell Below 11181 Tgt 11150,11121 and 11100 (Nifty Spot Levels)

Upper End of Expiry : 11344

Lower End of Expiry : 11061

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