Nifty EOD Analysis for 14 Aug

  • FII sold 437 contract of Index Future worth 152 cores, Net OI has increased by 545 contract, 54 Long contract were added by FII and 491 short were added by FII. Net FII Long Short ratio at 0.33, So fall we saw today was backed by FII more of retail selling, we can see quick recovery in market tomorrow.
  • As Discussed in Last Analysis  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. Bears were active below 11060 and we did both target on downside so gann levels worked perfectly. Nifty Bulls now 10950 for a move back to 11020/11100. Bears will get active below 10885 for a move back to 10821/10760. Today was an Important Astro date and if low is protected we can rally back to 11100.

  • Total Future & Option trading volume at 13.64 Lakh core with total contract traded at 1.60 lakh , PCR @0.84
  • Nifty Aug Future Open Interest Volume is at 1.76 core with liquidation of 1.9 Lakh with  decrease in  cost of carry suggesting short position were closed today, NF Rollover cost @11355 closed below it.
  • 11000 CE  is having Highest OI  at 25.6 Lakh, resistance at 11000 followed by 11100 .10800-11400 CE added 12.8 Lakh in OI so bears added position in range of 11000-11200.FII Bought 4.9K CE and 8.4K CE were shorted by them, Retail bought 358 K CE and 189 K CE were shorted by them.
  • 10700  PE OI@23.1 Lakhs having the highest OI strong support at 10700 followed by 10800 . 10800-11400 PE liquidated 3.2 Lakh in OI so bulls covered position in range 10800-11100.FII Bought 14.4 K PE and 3.5 K PE were shorted by them, Retail sold 64.3  K PE and 34  K shorted  PE were covered by them.
  • FII’s  sold 638 cores and DII’s bought 201 cores in cash segment.INR closed at 71.40

Buy above 10938 Tgt 10970,10990 and 11043 (Nifty Spot Levels)
Sell below 10886 Tgt 10843,10821 and 10782  (Nifty Spot Levels)