Nifty Break Gann Anagle Support, EOD Analysis

By | July 8, 2021 8:49 pm
  • FII sold 36 K contract of Index Future worth 2937 cores, Net OI has increased by 18.9 K contract 8.5 K Long contract were covered by FII and 27.5 K Shorts were added by FII. Net FII Long Short ratio at 1.3  so FII used fall to exit longs and ENTER shorts.
  • As Discussed in Last Analysis    Low made was 15779 so bulls were able to hold range of 15777-15800 did 1 target on upside now waiting for the target of 15915/16000. Good Trending move should be seen in next 2 trading session as important astro date is coming. Bears will have there chance below 15770 for a move towards 15694/15610. Bulls failed to do the target, Bears below 15770 did 1 target on downside and we got the trending move as confulence of gann and astro date came. We have broken the gann trendline on downside suggesting fall can get mometum if we breach 15666 for a move back to 15610/15555/15485. Bulls will get active above 15785 for a move back to 15848/15940. 
  • Total Future & Option trading volume at 104 Lakh core with total contract traded 0.95 lakh , PCR @0.91
  • Nifty July Future Open Interest Volume is at 0.99 Cores with addition of 5.5 Lakh with increase in cost of carry suggesting SHORT position were added today, NF Rollover cost @15794 closed above it. 
  • 15900 CE is having Highest OI at 29.2 Lakh, resistance at 15900 followed by 16000. 15800-16000 CE added 14 Lakh in OI so bears added in range of 15900-16000.
  • 15600 PE OI@17.2 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 15600-15700
  • FII’s sold 554 cores and DII’s sold 949 cores in cash segment.INR closed at 74.97

Buy Above 15746 Tgt 15765,15784 and 15824 (Nifty Spot Levels)

Sell Below 15680 Tgt 15645, 15610 and 15575 (Nifty Spot Levels)

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