Nifty EOD Analysis For 09 Sep

  • FII bought 4.4 K contract of Index Future worth 308 cores, Net OI has increased by 8.9 K contract, 6.6 K Long contract were added by FII and 2.2 K short were added by FII. Net FII Long Short ratio at 0.26, So FII used fall to enter longs and enter shorts.
  • As Discussed in Last Analysis  As per Astro time cycle we should see big move in nifty in next 2 trading session.Bulls now need to close 10861 for a move back to 10905/10961/11010. Bears will get active below 10798 for a move back to 10746/10694/10642. 10957 done now bulls need a close above 10950 for a move back to 11001 and 11053. Bears will get active below 10890 for a move back to 10844/10792/10745. We saw effect of astro cycle nifty rallying 100 points

  • Total Future & Option trading volume at 6.83 Lakh core with total contract traded at 1.35 lakh , PCR @0.88
  • Nifty Sep Future Open Interest Volume is at 1.75 core with addition of 2.9 Lakh with increase in  cost of carry suggesting long position were added today, NF Rollover cost @11050 closed above it.
  • 11000 CE is having Highest OI at 19 Lakh, resistance at 11000 followed by 11100 .10600-11200 CE added 2.2 Lakh in OI so bears added position in range of 11000-11200.FII bought 25.3 K CE Contract and 16.2 K CE were shorted by them, Retailers Bought 34.9 K CE and 52.8 K CE were shorted by them.
  • 10800 PE OI@31 Lakhs having the highest OI strong support at 10800 followed by 10700 . 10600-11200 PE added 3 Lakh in OI so bulls added position in range 10800-11100.FII bought 19.7 K PE contract and 6.3 K PE were shorted by them, Retailers bought 125 K PE and 101 K PE were shorted by them.
  • FII’s  sold 957 cores and DII’s bought 1207 cores in cash segment.INR closed at 71.8

Buy above 10957 Tgt 10979,11000 and 11022 (Nifty Spot Levels)

Sell below 10920 Tgt 10890,10866 and 10830 (Nifty Spot Levels)