Nifty Analysis for 12 Aug

  • FII bought 1.5 K contract of Index Future worth 106 cores, Net OI has increased by 144 contract, 841 Long contract were added by FII and 697 Shorts were added by FII. Net FII Long Short ratio at 1.46, So FII used rise to enter longs and exit shorts.
  •  As discussed in last analysis 11323 done above 11263, Till 11226-11238 is held bulls can rally towards 11323/11382/11444. Bears will get active below 11225 for a move back to 11185/11127/11064. 11373 done near 11382 Now Bulls need to hold 11300-11290 range for rally to continue towards 11365/11400/11444. Bears will active below 11255 for a move back to 11215/11145.

  • Total Future & Option trading volume at 13.68 Lakh core with total contract traded at 1.32lakh , PCR @0.88
  • Nifty Aug Future Open Interest Volume is at 1.02 Cores with liquidation of 0.56 Lakh with increase in cost of carry suggesting short position were covered today, NF Rollover cost @11197 closed above it.
  • 11400 CE is having Highest OI at 36 Lakh, resistance at 11400 followed by 11500.11200-11400 CE added 21 Lakh in OI so bears added in range of 11350-11450.FII bought 14.4 K CE and 15.6K CE were shorted by them. Retailers bought 81 K CE and 70 K  CE were shorted by them. 
  • 11200 PE OI@32 Lakhs having the highest OI strong support at 11200 followed by 11000. 11000-11300 PE added 21  Lakh in OI so bulls covered position in range 11200-11200.FII bought 6.9 K PE and 4.5 K PE were shorted by them. Retailers bought 68 K PE and 56.3 K PE were shorted by them.
  • FII’s bought 1013 cores and DII’s sold 1415 cores in cash segment.INR closed at 74.79

Buy Above 11333 Tgt 11360,11385 and 11406 (Nifty Spot Levels)

Sell Below 11285 Tgt 11259,11230 and 11215 (Nifty Spot Levels)

Leave a Reply