Nifty 50 Analysis for 25 Aug

  • FII bought 10.3 K contract of Index Future worth 786 cores, Net OI has decreased by 22 contract, 5.1 K Long contract were added by FII and 5.1 K Shorts were liqudiated by FII. Net FII Long Short ratio at 1.79, So FII used rise to enter longs and exit shorts.
  •  As discussed in last analysis  Now bulls need to move above 11390 for a move back to 11444/11498. Bears will get active below 11343 for a move back to 11260/11210. Nifty can do price time squaring as its complete its cycle on 23 Aug so big move.Low made today was 11410 so bulls were able to ride towards 2 target as high made was 11498 . Now bulls need to move above 11505 for a move back to 11557/11609/11666.Bears will get active below 11404 for a move back to 11353/11252/11201.

  • Total Future & Option trading volume at 13.3  Lakh core with total contract traded at 1.10  lakh , PCR @0.81
  • Nifty Aug Future Open Interest Volume is at 0.83 Cores with liquidation of 10 Lakh with increase in cost of carry suggesting long position were closed today, NF Rollover cost @11197 closed above it.
  • 11500 CE is having Highest OI at 36 Lakh, resistance at 11500 followed by 11600.11200-11400 CE liqudiated 6.2 Lakh in OI so bears covered in range of 11400-11500.FII bought 13.5 K CE and 4.3 K CE were shorted by them. Retailers bought 29.2 K CE and 31.2 K CE were shorted by them. 
  • 11200 PE OI@30 Lakhs having the highest OI strong support at 11200 followed by 11100. 11000-11300 PE added 20  Lakh in OI so bulls addded position in range 11200-11300.FII bought 12.6 K PE and 16.1 K PE were shorted by them. Retailers bought 180 K PE and 142  K PE were shorted by them.
  • FII’s bought 219 cores and DII’s sold 335 cores in cash segment.INR closed at 74.14

Buy Above 11477 Tgt 11495,11525 and 11555 (Nifty Spot Levels)

Sell Below 11444 Tgt 11420,11400 and 11371 (Nifty Spot Levels)

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