Nifty Bounces from Gann Angle

  • FII bought 19.1 K contract of Index Future worth1.2 K cores, Net OI has decreased by 13.7 K contract, 2.7 K Long contract were added  by FII and 16.4 K  Shorts were covered by FII. Net FII Long Short ratio at 1.55, So FII used fall to enter  longs and exit   shorts.
  •  As discussed in last analysis  Now Bears need to break 10880 for a mov back to 10816/10743/10692. Bulls will get active above 10952 for a move back to 11004/11057/11100. Low made was 10908 so bears unable to break 10880 and gann angler ,once above 10952  did all 3 target on upside . Now Bulls need to break 11122 for a move back to 11169/11240/11300. Bears will get active below 11025  for a move back to 10964/10900.

  • Total Future & Option trading volume at 14.45 Lakh core with total contract traded at 1.891 lakh , PCR @0.85
  • Nifty Aug Future Open Interest Volume is at 1.06 Cores with addition  of 0 4.1 Lakh with decrease in cost of carry suggesting long  position were added  today, NF Rollover cost @11197 closed below it.
  • 11200 CE is having Highest OI at 16 Lakh, resistance at 11200 followed by 11300.11000-11300 CE added 11 Lakh in OI so bears added in range of 11200-11300.FII bought 17.4 K CE and 6.8 K shorted CE were covered by them. Retailers sold  131 K CE and 44.9  K shorted CE were covered by them. 
  • 10900 PE OI@25 Lakhs having the highest OI strong support at 10800 followed by 10700. 11000-10800 PE added 25  Lakh in OI so bulls covered position in range 10800-10700.FII sold 8.9 K PE and 5.6 K PE were shorted by them. Retailers bought 192  K PE and 112 K PE were shorted by them.
  • FII’s bought 703  cores and DII’s sold 665  cores in cash segment.INR closed at 75.29

Buy Above 11122 Tgt 11145,11169 and 11200 (Nifty Spot Levels)

Sell Below 11065 Tgt 11040,11010 and 10970(Nifty Spot Levels)

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