- FII sold 263 contract of Index Future worth 243 cores, Net OI has increased by 9.5 K contract, 4.9 K Long contract were added by FII and 4.6 K short were added by FII. Net FII Long Short ratio at 0.43, So FII used fall to enter longs and enter shorts.
- As Discussed in Last Analysis Bulls now need to move above 10958 for a move back to 11025/11063. Bears will get active below 10870 for a move back to 10824/10782. Very Important time cycle date tomorrow. High made was 10908 and once below 10870 bears had upper hand and saw index doing all target on downside,we had a major breakdown today so we can see the decline extending till 10600/10570 till we are below 10910 . We saw the effect of time cycle date today as nifty corrected almost 200 points. Bulls need to see rise above 10800 for a move back to 10843/10890/10945.
- Total Future & Option trading volume at 13.16 Lakh core with total contract traded at 1.39 lakh , PCR @0.83
- Nifty Aug Future Open Interest Volume is at 1.89 core with addition of 0.55 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @11355 closed below it.
- 11000 CE is having Highest OI at 44.9 Lakh, resistance at 11000 followed by 11100 .10600-11100 CE added 30 Lakh in OI so bears added position in range of 11000-11200.
- 10700 PE [email protected] Lakhs having the highest OI strong support at 10600 followed by 10700 . 10600-11200 PE added 4 Lakh in OI so bulls covered position in range 10800-11100.
- FII’s sold 902 cores and DII’s bought 1719 cores in cash segment.INR closed at 71.81
Buy above 10790 Tgt 10820,10843 and 10870 (Nifty Spot Levels)
Sell below 10718 Tgt 10690,10666 and 10630 (Nifty Spot Levels)
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