Nifty Analysis for 31 Aug

  • FII bought 4.2 K contract of Index Future worth 350 cores, Net OI has decreased by 4.4 K contract, 127 Long contract were covered by FII and 4.3 K Shorts were added by FII. Net FII Long Short ratio at 3.3, So FII used rise to exit longs and exit shorts.
  •  As discussed in last analysis We are entering an important zone of resistance in range of 11555-11576, so bulls need to close above this range for a move back to 11610/11666/11699 range. We are having PRZ zone in the range of 11699 for the ABCD pattern as shown in below chart, Bears will get active below 11510 for a move back to 11424/11385. 11686 done we are almost near the PRZ Zone of 11699 as shown in below chart. Bulls need to move above 11700 for a move back to 11743/11799/11840. Bears will get active below 11585 for a move back to 11544/11499.

  • Total Future & Option trading volume at 14.02 Lakh core with total contract traded at 1.51 lakh , PCR @0.75
  • Nifty Aug Future Open Interest Volume is at 1.22 Cores with addition of 4.9 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @11514 closed above it.
  • 11700 CE is having Highest OI at 16.1 Lakh, resistance at 11700 followed by 11800.11300-11800 CE added 1.7 Lakh in OI so bears added in range of 11700-11800.FII bought 35.2 K CE and 26.4 K CE were shorted by them. Retailers bought 92 K CE and 103 K CE were shorted by them. 
  • 11500 PE OI@28 Lakhs having the highest OI strong support at 11500 followed by 11400. 11300-11500 PE added 32  Lakh in OI so bulls addded position in range 11400-11500.FII bought 45 K PE and 35 K PE were shorted by them. Retailers bought 235 K PE and 204 K PE were shorted by them.
  • FII’s bought 1004 cores and DII’s sold 543 cores in cash segment.INR closed at 73.55

Buy Above 11666 Tgt 11692,11721 and 11755 (Nifty Spot Levels)

Sell Below 11636 Tgt 11610,11576 and 11555 (Nifty Spot Levels)

4 thoughts on “Nifty Analysis for 31 Aug”

  1. Gurudev fantastic work done. Just a request please upload intra day option list on daily basis so that retail traders can benefited.

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