Mars at Perihelion:Nifty corrects 150 points

  • FII sold 35 K contract of Index Future worth 2.6 K cores, Net OI has decreased by 1 K contract, 18.2 K Long contract were covered by FII and 17.1 K  Shorts were added by FII. Net FII Long Short ratio at 1.05, So FII used fall to exit longs and enter  shorts.
  •  As discussed in last analysis   03 Aug is important astro date as Mars at Perihelion so good move will be seen in next 2 trading sessions. Nifty Bulls need to move above 11111 for a move towards 111184/11260. Bears will get active below 11024 for a move towards 10960/10890. All Bearish target done as Mars at Perihelion Astro Date showed its effect, Now Bears need to break 10880 for a mov back to 10816/10743/10692. Bulls will get active above 10952 for a move back to 11004/11057/11100

  • Total Future & Option trading volume at 10.81 Lakh core with total contract traded at 1.83 lakh , PCR @0.88
  • Nifty Aug Future Open Interest Volume is at 1.02 Cores with liquidation of 0.58 Lakh with increase in cost of carry suggesting short position were closed today, NF Rollover cost @11197 closed below it.
  • 11200 CE is having Highest OI at 12 Lakh, resistance at 11200 followed by 11300.11000-11300 CE added 21 Lakh in OI so bears added in range of 11200-11300.FII sold 2 K CE and 13.8 K CE were shorted by them. Retailers bought 244 K CE and 148  K  CE were shorted by them. 
  • 10800 PE OI@22 Lakhs having the highest OI strong support at 10800 followed by 10700. 11000-10800 PE added 15  Lakh in OI so bulls covered position in range 10800-10700.FII bought 22.3 K PE and 391 PE were shorted by them. Retailers bought 28 K PE and 63 K PE were shorted by them.
  • FII’s bought 7818 cores and DII’s sold 135 cores in cash segment.INR closed at 75.45

Buy Above 10920 Tgt 10944,10970 and 11000 (Nifty Spot Levels)

Sell Below 10880 Tgt 11855,10830 and 10800(Nifty Spot Levels)

1 thought on “Mars at Perihelion:Nifty corrects 150 points”

  1. Sir, have been following your analysis since last few weeks. Very appropriate levels. Lots to learn from you.
    Could you pls tell me how do you arrive at FII long/short ratio? I have been following your post and calculating it myself but suddenly day after expiry you mentioned 1.96 as ratio while adding the open interest didnt give that figure. Could you pls explain?

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