Nifty Ready for a Big Move

  • FII sold 7.8 K contract of Index Future worth 672 cores, Net OI has increased by 3.4 K contract, 2.2 K Long contract were covered  by FII and 5.6 K Shorts were added by FII. Net FII Long Short ratio at 0.89 So FII used fall to exit longs and enter shorts.
  • Thanks for all your Mails, I was not in best of my health in past few days so need to take a break, Thanks again for all your warm wishes. Nifty is approaching an Important Astro Cycle and also we formed NR7 day today suggesting big move round the corner. Bears need to break 11480 for move back to 11420/11375/11312. Bulls will get active above 11555 for a move back to 11610/11666/11721.

  • Total Future & Option trading volume at 39 Lakh core with total contract traded at 1.42 lakh , PCR @0.85
  • Nifty Sep Future Open Interest Volume is at 1.16 Cores with liquidation of 1.7 Lakh with increase in cost of carry suggesting short position were closed today, NF Rollover cost @11514 closed above it.
  • 11600 CE is having Highest OI at 14 Lakh, resistance at 11500 followed by 11600.11300-11600 CE added 25 Lakh in OI so bears added in range of 11300-11400.
  • 11300 PE OI@16 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 sold 249 cores and DII’s sold 1067 cores in cash segment.INR closed at 73.72

Buy Above 11535 Tgt 11560,11589 and 11622 (Nifty Spot Levels)

Sell Below 11500 Tgt 11480,11445 and 11392 (Nifty Spot Levels)

4 thoughts on “Nifty Ready for a Big Move”

  1. Bramesh take a break & get well soon, markets will remain here but health is extremely important. Hope to see you back soon in best of your health

Leave a Reply