Zomato Listing :Nifty Analysis

By | July 22, 2021
  • FII bought 14.5 K contract of Index Future worth 1152 cores, Net OI has decreased by 7.5 K contract 3.5 K Long contract were added by FII and 11 K Shorts were covered by FII. Net FII Long Short ratio at 1.33 so FII used rise to enter  longs and exit shorts.
  • As Discussed in Last Analysis    Now we have another important mercury date coming as explained in below video, Bulls need to move above 15700 for a move back to 15770/15816/15864. Bears will get active below 15630 for a move towards 15555/15485/15410.Nifty opened with gap up and Bears also unable to trigger any level on downside but we got big move. Now we will have Zomato listing and AGR case results coming tommrow so volatality will be seen again. Now Bears need to break 15766 for a quick move towards 15704/15641/15579. Bulls will get active above 15830 for a move towards 15892/15955
  • Total Future & Option trading volume at 101  Lakh core with total contract traded 1.48  lakh , PCR @0.89
  • Nifty July Future Open Interest Volume is at 0.83 Cores with liqudiation of 10 Lakh with increase in cost of carry suggesting LONG position were closed today, NF Rollover cost @15794 closed below it. 
  • 16000 CE is having Highest OI at 20 Lakh, resistance at 16000 followed by 16100. 15800-16000 CE added 12 Lakh in OI so bears added in range of 158900-16000.
  • 15600 PE OI@32 Lakhs having the highest OI strong support at 15600 followed by 15500. 15600-15800 PE added 412 Lakh in OI so bulls addded position in range 15600-15500
  • FII’s sold 247 cores and DII’s bought 942 cores in cash segment.INR closed at 74.52 

Buy Above 15840 Tgt 15864, 15899 and 15920 (Nifty Spot Levels)

Sell Below 15795 Tgt 15777, 15743 and 15715 (Nifty Spot Levels)

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