Nifty does 6 Month of Higher Close on Monthly ,EOD Analysis

• FII’s bought 43.8 K contract of Index Future worth 2885 cores ,35.8 K Long contract were added by FII’s and 7.9 K short contracts were liquidated by FII’s. Net Open Interest increased  by 27.8  K contract, so rise in market was used by FII’s to enter long and exit shorts  in  Index futures. Not able to pull the trigger in Trading

•  As discussed in Yesterday Analysis   Bulls above 8723 can see move till 8851/8900. Bulls need to hold 8723 on closing basis else it can be termed as fake breakout. Nifty made high of 8819 before seeing profit booking. Bulls holding 8730 can see rally towards 8951-8976 zone. August month closed on a bullish note as its 6 month in a row nifty has seen higher highs. Coming month September is 7 month of this rally from 6825, gann emphasized on importance of 7, so be ready for a exciting month ahead Break of 8520 will only bring bearishness.  Bank Nifty rallies 600 points above 19158,EOD Analysis

• Nifty Sep Future Open Interest Volume is at 3.3 core highest in last 6 years with addition of 33 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @8686, closed above it.
  

• Total Future & Option trading volume was   at 3.87 Lakh core with total contract traded at 1.6 lakh , PCR @1.10 , Trader’s Resolutions for the New Financial Year 2016-17

• 9000  CE  is having Highest OI  at 57.9  lakh, resistance at 9000 .8500/9000 CE  added 2.8 lakh so resistance formation in 8850-8900 zone .FII bought 19.4  K CE longs and 1.4 K CE were shorted by them .Retail bought 12.7 K CE contracts and 26.9 K CE were shorted by them.
  

• 8500 PE OI@62.9 lakhs having the highest OI strong support at 8500. 8300-8800 PE added 30 Lakh in OI so bulls making strong base near 8600-8650 zone .FII bought 6.8  K PE longs  and 20.1 K PE were shorted by them .Retail bought 92.2 K PE contracts and 34.9 K PE were shorted by them.

• FII’s bought 854 cores in Equity and DII’s bought 847 cores in cash segment.INR closed at 67.03
  

• Nifty Futures Trend Deciding level is 8834 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8701 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy above 8795 Tgt 8818,8851 and 8875 (Nifty Spot Levels)

Sell below 8750 Tgt 8725,8700 and 8670 (Nifty Spot Levels)

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