Nifty EOD Analysis for 25 June

By | June 24, 2021 11:49 pm
  • FII bought 30.8 K contract of Index Future worth 1779 cores, Net OI has increased by 16.4 K contract 24.5 K Long contract were added by FII and 8.1 K Shorts were covered by FII. Net FII Long Short ratio at 4.5 so FII used rise to enter longs and exit shorts so longs entered and shorts exited from the system.
  • As Discussed in Last Analysis Again a gap up open bulls did not got chance to enter and bears below 15743 did 1 target. Now Bears need to break 15666 for a quick move towards 15610/15555. Bulls above 15714 can see quick move towards 15768/15813/15865.Bulls did 2 target on upside in a dull expiry,Now Bulls need to move 15843 for a move back to 15890, 15959,and 16001. Bears will get active below 15699 for a move back to 15652/15602/15555
  • Total Future & Option trading volume at 80.9 Lakh core with total contract traded 1.02 lakh , PCR @0.92
  • Nifty July Future Open Interest Volume is at 0.93 Cores with addition of 34 Lakh with decrease in cost of carry suggesting LONG position were added today, NF Rollover cost @15794 closed above it. 
  • 16000 CE is having Highest OI at 12.5 Lakh, resistance at 15900 followed by 16000. 15800-1600 CE added 14 Lakh in OI so bears added in range of 15900-16000.
  • 15600 PE OI@13 Lakhs having the highest OI strong support at 15600 followed by 15500. 15500-15700 PE added 12 Lakh in OI so bulls addded position in range 15600-15500.
  • FII’s sold 2890 cores and DII’s bought 1138  cores in cash segment.INR closed at 74.20

Buy Above 15843 Tgt 15866,15900 and 15943 (Nifty Spot Levels)

Sell Below 15762 Tgt 15743, 15721 and 15699 (Nifty Spot Levels)

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