10 Aug Nifty Analysis

  • FII sold 688 contract of Index Future worth 63 cores, Net OI has increased by 7.7  K contract, 3.5 K Long contract were added by FII and 4.2 K  Shorts were added by FII. Net FII Long Short ratio at 1.40, So FII used rise to enter longs and enter shorts.
  •  As discussed in last analysis  Doji on Astro date suggesting break of high and low of 07 Aug will give 150 points move in Nifty.NIfty Bulls need to move above 11200 for a move towards 11260/11320. Bears will get active below 11142 for a move back to 11100/11050.Nifty formed an Inside Bar and NR7 together combined with 09 Aug Astro date suggesting big move will be seen in next 2 days. Nifty Bulls need to move above 11263 for a move towards 11323/11390/11444. Bears will get active below 11140 for a move back to 11070/11000/10920.

  • Total Future & Option trading volume at 9.99 Lakh core with total contract traded at 1.36lakh , PCR @0.89
  • Nifty Aug Future Open Interest Volume is at 1.03 Cores with addition of 1.4 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @11197 closed above it.
  • 11300 CE is having Highest OI at 26 Lakh, resistance at 11300 followed by 11400.11000-11300 CE added 11 Lakh in OI so bears added in range of 11200-11300.FII bought 9.4 K CE and 15.9 K CE were shorted by them. Retailers bought 125 K CE and 118 K  CE were shorted by them. 
  • 11100 PE OI@22 Lakhs having the highest OI strong support at 11100 followed by 11000. 11000-10800 PE added 31  Lakh in OI so bulls covered position in range 11000-11100.FII bought 26.3 K PE and 26.6 PE were shorted by them. Retailers bought 163 K PE and 149 K PE were shorted by them.
  • FII’s bought 397 cores and DII’s sold 438 cores in cash segment.INR closed at 75.12

Buy Above 11230 Tgt 11260,111290 and 11321(Nifty Spot Levels)

Sell Below 11185 Tgt 11160,11132and 11100 (Nifty Spot Levels)

4 thoughts on “10 Aug Nifty Analysis”

  1. Hi Bramesh, Could you pls throw some light on how you get the FII long-short ratio? I see it changing differently than sum/diff of total long/short added/covered in past few days. Pls throw some light.

  2. Hi Nifty August futures closed @ 11226 but you have mentioned NF rollover closed below 11197. Can you give some clarity on this if possible?.

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