Nifty EOD Analysis For 21 Aug

  • FII bought 8.4 K contract of Index Futures worth 503 cores, Net OI has increased by 4.3 K contracts, 6.3 K Long contracts were added by FII and 2 K shorts were covered by FII. Net FII Long to Short ratio is at 0.41, So FII used the fall to enter longs and exit shorts.
  • As Discussed in Last Analysis; Nifty Bulls will get active above 11080 for a move back to 111146/11200/11260. Bears will get active below 11030 for a move back to 10985/10910. A high was made at 11076, so bulls did not break 11080, and had a good fall. Nifty Bulls will get active above 11030 for a move back to 11080/11146/11200. Bears will get active below 10985 for a move back to 10925/10885.

  • Total Future & Option trading volume at 10.69 Lakh cores with total contracts traded at 1.55 lakh, PCR @0.96
  • Nifty Aug Future Open Interest Volume is at 1.84 cores with the addition of 5.3 Lakh, with an increase in the cost of carry, suggesting long positions were added today, NF Rollover cost is @11355 and closed below it.
  • 11000 CE  is having a Highest OI at 26.6 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 sold 2.8 K CE and 4.1 K CE were shorted by them, Retail bought 91.2 K CE and 53.2 K CE were shorted by them.
  • 10700 PE OI is @23.1 Lakhs, having the highest OI strong support at 10700, followed by 10800. 10800-11400 PE liquidated 4.2 Lakh in OI, so bulls covered positions in the range of 10800-11100. FII bought 9.2 K PE and 228 PE were shorted by them, Retail bought 8.5 K PE and 21.6 K PE were shorted by them.
  • FII’s  bought 373  cores, and DII’s bought 296 cores in the cash segment. INR closed at 71.70

Buy above 11030 Tgt 11060,11090 and 11120 (Nifty Spot Levels)

Sell below 10970 Tgt 10935,10910 and 10870  (Nifty Spot Levels)