Nifty Analysis for 19 Aug

  • FII sold 1.9 K contract of Index Future worth 161 cores, Net OI has decreased by 1.1 K contract, 399 Long contract were liqudiated by FII and 1.5 K Shorts were added by FII. Net FII Long Short ratio at 1.84, So FII used rise to exit longs and enter shorts.
  •  As discussed in last analysis  Bears will get active below 11201 for a move back to 11150/11097/11049/11000. Bulls will get active above 11270 for a move back to 11324/11377/11424.11377 done above 11270 and we got the big move as per expecation of Astro cycle. Now Bulls need to hold 11327-11346 range for upmove to continue towards 11440/11495/11529. Bears will get active below 11320 for a move back to 11270/11201.

  • Total Future & Option trading volume at 14.90 Lakh core with total contract traded at 1.45 lakh , PCR @0.87
  • Nifty Aug Future Open Interest Volume is at 1 Cores with addition of 0.03 Lakh with increase in cost of carry suggesting long position were closed today, NF Rollover cost @11197 closed above it.
  • 11400 CE is having Highest OI at 23 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 482 CE and 6.8 K shorted CE were covered  by them. Retailers sold 48.5 K CE and 13.4 K shorted CE were covered  by them. 
  • 11300 PE OI@26 Lakhs having the highest OI strong support at 11300 followed by 11200. 11000-11300 PE added 41  Lakh in OI so bulls addded position in range 11200-11300.FII bought 4.6K PE and 2.4 K shorted PE were covered by them. Retailers bought 156 K PE and 113  K PE were shorted by them.
  • FII’s bought 1134 cores and DII’s sold cores in cash segment.INR closed at 74.72

Buy Above 11410 Tgt 11420,11440 and 11477 (Nifty Spot Levels)

Sell Below 11327 Tgt 11310,11285 and 11260 (Nifty Spot Levels)

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