- As Discussed in Last Analysis – Now Bulls need to close above 11060 for a move towards 11155/11200. Bears will get active below 10970 for a move back to 10890/10830. 11182 done,Now bulls need to close hold 11100 for rally to continue till 11181/11252/113000. Bears will get active below 11060 for a move back to 11100/10943.
- Total Future & Option trading volume at 27.7 Lakh core with total contract traded at 1.87 lakh , PCR @0.76
- Nifty Aug Future Open Interest Volume is at 1.78 core with liquidation of 5.7 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @11355 closed below it.
- 11000 CE is having Highest OI at 24.4 Lakh, resistance at 11000 followed by 11100 .10800-11400 CE liquidated 6 Lakh in OI so bears added position in range of 11000-11200.
- 10700 PE OI@25 Lakhs having the highest OI strong support at 10800 followed by 10700 . 10800-11400 PE added 12.6 Lakh in OI so bulls added position in range 10800-11100.
- FII’s bought 606 cores and DII’s bought 203 cores in cash segment.INR closed at 70.80
Buy above 11118 Tgt 11150,11173 and 11200 (Nifty Spot Levels)
Sell below 11090 Tgt 11070,11050 and 11020 (Nifty Spot Levels)