Nifty July Series Overview,EOD Analysis

•  As discussed in Yesterday Analysis   For next 4 days 8111 will play a important role on upside and 7972 on downside, breaking any one of the levels can see move 8210/8241 on upside and 7921/7777 on downside. As we are near horizontal line expect impulsive move in next 2 sessions.High made today was 8308. Agian we will enter the trouble some zone of 8241-8336, Breakout only on close of 8336 for target of 8545/8700.  Bears will get active only on close below 8100.  Bank Nifty July Series Overview,EOD Analysis

 

• Nifty July Future Open Interest Volume is at 1.84  core with addition of 69 Lakh with increase in cost of carry suggesting long position were added today, NF  Rollover is at 73% and Rollover cost @8204 closed above it
  

• Total Future & Option trading volume was   at 4.81 Lakh core with total contract traded at 1.5 lakh , PCR @1.03, Trader’s Resolutions for the New Financial Year 2016-17

 

• FII’s bought 1107 cores in Equity and DII’s sold 19 cores in cash segment.INR closed at 67.52
  

• Nifty Futures Trend Deciding level is 8305 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8305 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy above 8300 Tgt 8336,8360 and 8382 (Nifty Spot Levels)

Sell below 8275 Tgt 8250,8215 and 8186 (Nifty Spot Levels)

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