FII sold 9.4 K contract of Index Future worth 771 cores, Net OI has decreased by 5.1 K contract, 7.2 K Long contract were covered by FII and 2.1 K Shorts were added by FII. Net FII Long Short ratio at 1.32, So FII used rise to exit longs and enter shorts.
As discussed in last analysisWe are near a perfect set up for explosive move as we have astro date today with Inside Bar formation.Bulls need to move above 11560 for a move back to 11610/11666/11721 . Bears will get active below 11470 for a move back to 11424/11370/11333.Bulls got whipsawed and Bears did not trigger 11470 on downside, As shown in below Gann Angle chart,Price has resisted at 11585 which was 1×1 gann angle resistance and support comes at 11325 If we open with huge gap down tommorow we might again retest 11325,Based on Opening we will give the level on Twitter . We have closed below the TC level so short term trend is bearish only.
Total Future & Option trading volume at 35.8 Lakh core with total contract traded at 1.23 lakh , PCR @0.92
Nifty Aug Future Open Interest Volume is at 1.07 Cores with addition of 1.9 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @11514 closed below it.
11600 CE is having Highest OI at 16 Lakh, resistance at 11600 followed by 11700.11300-11800 CE added 21.7 Lakh in OI so bears added in range of 11700-11800.
11400 PE OI@20 Lakhs having the highest OI strong support at 11400 followed by 11300. 11300-11500 PE added 12 Lakh in OI so bulls addded position in range 11400-11300.
FII’s bought 7 cores and DII’s bought 120 cores in cash segment.INR closed at 73.65
sure
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