Nifty Aug Monthly Expiry Levels

  • FII bought 3.5 contract of Index Future worth 360 cores, Net OI has increased by 42 K contract, 22 K Long contract were added by FII and 19.2 K Shorts were added by FII. Net FII Long Short ratio at 1.56, So FII used rise to enter longs and enter shorts.
  •  As discussed in last analysis 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. 11561 done now 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.

  • Total Future & Option trading volume at 19.4  Lakh core with total contract traded at 1.25  lakh , PCR @0.90
  • Nifty Aug Future Open Interest Volume is at 0.84 Cores with addition of 34 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @11197 closed above it.
  • 11550 CE is having Highest OI at 26 Lakh, resistance at 11550 followed by 11600.11400-11600 CE liqudiated 42 Lakh in OI so bears covered in range of 11400-11500.FII bought 19.6 K CE and 13.1 K CE were shorted by them. Retailers sold 10.5 K CE and 12.9 K CE were shorted by them. 
  • 11400 PE OI@30 Lakhs having the highest OI strong support at 11450 followed by 11400. 11300-11500 PE added 20  Lakh in OI so bulls addded position in range 11200-11300.FII bought 15.2 K PE and 22.9 K PE were shorted by them. Retailers bought 166 K PE and 106 K PE were shorted by them.
  • FII’s bought 1581 cores and DII’s sold 1194 cores in cash segment.INR closed at 74.27

Buy Above 11565 Tgt 11586,11610 and 11640 (Nifty Spot Levels)

Sell Below 11525 Tgt 11500,11470 and 11432 (Nifty Spot Levels)

Upper End of Expiry : 11666

Lower End of Expiry : 11432

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