Nifty Analysis for 26 Aug

  • FII bought 26 contract of Index Future worth 144 cores, Net OI has increased by 13 K contract, 6.5 K Long contract were added by FII and 6.5 K Shorts were added by FII. Net FII Long Short ratio at 1.69, So FII used rise to enter longs and enter shorts.
  •  As discussed in last analysis   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.Bulls got whipsawed above 11505, As per time cycle and Neural Analysis we should see a big move in Nifty in next 2 trading sessions. Now Bulls need to move above 11529 for upmove to continue towards 11576/11610. Bears will get active below 11410 for a move back to 11371/11320/11250.

  • Total Future & Option trading volume at 17.5  Lakh core with total contract traded at 1.34  lakh , PCR @0.83
  • Nifty Aug Future Open Interest Volume is at 0.65 Cores with liquidation of 18 Lakh with decrease 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 13.3 K CE and 8.2 K CE were shorted by them. Retailers bought 79 K CE and 61 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 11.4 K PE and 8.1 K PE were shorted by them. Retailers bought 67 K PE and 62  K PE were shorted by them.
  • FII’s bought 1481 cores and DII’s sold 172  cores in cash segment.INR closed at 74.127

Buy Above 11490 Tgt 11520,11555 and 11576 (Nifty Spot Levels)

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

Leave a Reply