Nifty rallies 100 point above 10666,EOD Analysis

By | July 5, 2018 7:48 am

  • FII’s sold 5.1 K contract of Index Future worth 549 cores ,1.5  K Long contract were added by FII’s and 6.6 K Short contracts were added by FII’s. Net Open Interest increased  by 8.2 K contract, so rise in market was used by FII’s to enter long and enter short in  Index futures.  FII’s Long to Short Ratio at 0.64. Trading Quotes Every Trader should read


  • As Discussed in Last Analysis  Low made today was 10630 so bulls protected 10610 and above 10666 did  10713 and we should do 10730 by tommrow. Nifty Bulls need a close above 10730 for the up move to continue towards 10777/10846/10930. Bearish below 10610 can again see correction till 10555/10510. Nifty did 10730/10777 both above 10666, now till we are closing above 10730 we can continue up move towards 10823/10846 where major supply zone lies. Bearish below 10666 for a move back to 10610/10561. We have important time cycle date today good move can be seen in coming 2 days. Important intraday time for reversal can be at 9:25/2:15. Bank Nifty Rallies 200 points above 26260,EOD Analysis

  • Nifty July Future Open Interest Volume is at 2.11 core with addition of 8.5 Lakh with decrease in  cost of carry suggesting long position were clsoed today, NF Rollover cost @10720 closed above it.
  • 11000 CE  is having Highest OI  at 36.3 Lakh, resistance at 10800 followed by 11050 .10200-11000 CE liquidated 1 lakh in OI so bears  covered  position in range of 10800-11000 CE. FII bought 8.1 K CE and 2K  shorted CE were covered by them. Retail sold 39  K CE and 2.2 K CE were shorted by them.


  • 10600 PE OI@51.7 lakhs having the highest OI strong support at 10600 followed by 10650 . 10200-11000 PE added 14.2 Lakh in OI so bulls added position in range 10500-10600 PE. FII bought 2.5 K CE and 2.9 K CE were shorted by them. Retail bought 94 K CE and 56.6 K CE were shorted by them.
  • Total Future & Option trading volume at 8.72  Lakh core with total contract traded at 1.09 lakh , PCR @0.92


  • FII’s sold 284 cores  and DII’s bought 611 cores in cash segment.INR closed at 68.73


Buy above 10777 Tgt 10800,10823 and 10846 (Nifty Spot Levels)

Sell below 10740 Tgt 10710,10680 and 10640 (Nifty Spot Levels)

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Category: Daily

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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