Nifty near gann support, FII FnO Data Analysis

• FII’s sold 98.7 K contract of Index Future worth 2500 cores ,66.7 K Long contract were squared off by FII’s and 31.9 K  short contracts  were added  by FII’s. Net Open Interest decreased  by 34.8 K contract, so today’s fall in market was used by FII’s to exit long in index futures and enter shorts .Stock Market Crash around the World : Blame China

• Nifty formed  lower low and lower high as it was unable to cross  crucial supply area and now is entering the support area as discussed in Weekly analysis. Pyrapoint suggests again we are entering the support zone , Gann Box show support near 3×1 line, breaking todays low can see nifty moving 4×1 line which is support around 8300/8315.
  

• Nifty August Future Open Interest Volume is at 1.60 core with liquidation of 5.1 Lakh, with decrease in CoC suggesting  short  positions got closed today.NF Rollover price came at 8503 and NF and close below it.
  

• Total Future & Option trading volume was   at 2.72 core with total contract traded at 5.1 lakh . PCR @0.92

• 8700  CE  OI at 51.2 lakh , wall of resistance @ 8700 .8400/8800 CE added 36.9 lakh in OI so bears continue  to add 54 lakh in 3 trading session. FII bought 30.3 K CE longs and 21.1 K CE were shorted by them.Retail bought 168 K CE contracts and 74.3 K CE were shorted by them.Retailers are long suggesting fall can continue.
  

• 8200 PE OI@ 59  lakhs  strong base @ 8200.  8300/8600 PE  liquidated 5.3  lakh so major liquidation was seen in  8500 PE still bulls are holding  and 44  lakh from start of series . FII bought 105 K PE longs and 9.5 K shorted PE were covered by them.Retail sold 102 K PE contracts and 34 K shorted PE contracts were covered by them.
  

• FII’s sold 1855 cores in Equity and DII’s bought 1223  cores in cash segment.INR closed at 64.78 trading at 2 year low.1997 Asian Currency Crisis happening again
  

• Nifty Futures Trend Deciding level is 8410 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8540 and BNF Trend Deciding Level 18362 (For Intraday Traders) BNF Trend Changer Level (Positional Traders) 18856 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .NF and BNF gave 200 and 700 point in just 2 trading sessions.

 

Buy above 8380 Tgt 8400,8418 and 8446 (Nifty Spot Levels)

Sell below 8335 Tgt 8310,8290 and 8272 (Nifty Spot Levels)

 

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