Saturn Opposition Sun :Nifty Analysis

By | August 2, 2021 9:25 pm
  • FII bought 680 contract of Index Future worth 5 cores, Net OI has increased by 16.8 K contract 8.7 K Long contract were added by FII and 8 K Shorts were aded by FII. Net FII Long Short ratio at 1.54 so FII used rise to enter longs and enter shorts.
  • As discussed in below Video Mercury went in Superior Conjunction and Saturn goes in an Inharmonious aspect with Sun Suggesting we should see big move in Nifty. Nifty bulls need to move above 15900 for a move back to 15960/16023/16086 . Bears will get active below 15811 for a move back to 15748/15685/15623. 
  • Total Future & Option trading volume at 28.5 Lakh core with total contract traded 1.05 lakh , PCR @0.87
  • Nifty August Future Open Interest Volume is at 1.04 Cores with addition of 10.3 Lakh with increase in cost of carry suggesting SHORT position were added today, NF Rollover cost @15791 closed above it. 
  • 16000 CE is having Highest OI at 625.6  Lakh, resistance at 16000 followed by 16100. 15800-16000 CE added 22 Lakh in OI so bears added in range of 15900-16000.FII bought 103 K  CE and 44.6 K CE were shorted by them. Retailers bought 170 K CE and 251 K CE were shorted by them.
  • 15600 PE OI@18.2 Lakhs having the highest OI strong support at 15600 followed by 15500. 15600-15700 PE added 22 Lakh in OI so bulls addded position in range 15700-15800. FII bought 46.5 K PE and 47.3 K PE were shorted by them. Retailers bought 46.5 K PE and 47.3 K PE were shorted by them.
  • FII’s sold 1539 cores and DII’s bought 1505 cores in cash segment.INR closed at 74.55

Buy Above 15900 Tgt 15929, 15965 and 16000 (Nifty Spot Levels)

Sell Below 15864 Tgt 15848, 15820 and 15798 (Nifty Spot Levels)

Leave a Reply