Nifty Analysis for 11 Sep

  • FII bought 7.4 K contract of Index Future worth 609 cores, Net OI has decreased by 8.7 K contract, 608 Long contract were covered  by FII and 8 K Shorts were covered  by FII. Net FII Long Short ratio at 1.40 So FII used rise to exit longs and exit shorts.
  •  As discussed in last analysis Till we are below 11325 bears can push towards 11230/11185/11110. Bulls will get active above 11333 for a move back 11377/11410/11452.As Mars is going to retrograde today so good move will be seen in nifty. Low made was 11327 so bulls got active above 11333 and all target were done as we saw the effect of mars retrograde. Now Bulls need to move above 11465 for a move back to 1152111576. Bears will get active below 11390 for a move back to 11325/11275.

  • Total Future & Option trading volume at 45.5  Lakh core with total contract traded at 1.88 lakh , PCR @0.92
  • Nifty Sep Future Open Interest Volume is at 0.99 Cores with addition of 1.1 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @11514 closed below it.
  • 11500 CE is having Highest OI at 15 Lakh, resistance at 11500 followed by 11600.11300-11600 CE added 20 Lakh in OI so bears added in range of 11300-11400.
  • 11300 PE OI@10 Lakhs having the highest OI strong support at 11300 followed by 11200. 11300-11500 PE added 12  Lakh in OI so bulls addded position in range 11200-11300
  • FII’s bought 838 cores and DII’s sold 317cores in cash segment.INR closed at 73.57

Buy Above 11465 Tgt 11499,11525 and 11555 (Nifty Spot Levels)

Sell Below 11390 Tgt 11363,11345 and 11323 (Nifty Spot Levels)

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