Nifty continue to hold 10920 forms Doji,EOD Analysis

• FII’s bought 7.7 K contract of Index Future worth 708 cores ,3.8 K Long contract were added by FII’s and 3.9 K Short contracts were covered  by FII’s. Net Open Interest decreased  by 51 contract, so rise in market was used by FII’s to enter long and exit short in  Index futures.  FII’s Long to Short Ratio at 0.96. Trading Quotes Every Trader should read

 

• As Discussed in Last Analysis  Till we are holding range of 10900-10930 bulls can rally towards the 11060/11172/11236. Bearish below 10888 for a move back to 10810/10730. We were able to capture the move from 10720-10956 as of now as per gann price time analysis. Low made was 10920 so bulls held the range of 10900-10930, Till we are holding range of 10900-10930 bulls can rally towards the 11060/11172/11236. Bearish below 10888 for a move back to 10810/10730.Important intraday time for reversal can be at 1:27. Bank Nifty facing resistance at gann angle,EOD Analysis

• Nifty July Future Open Interest Volume is at 2.43 core with addition of 7.4 Lakh with increase in  cost of carry suggesting long position were added today, NF Rollover cost @10720 closed above it.
  

• 11000 CE  is having Highest OI  at 43 Lakh, resistance at 11000 followed by 11200 .10200-11000 CE added 2.7 lakh in OI so bears  added position in range of 10800-11000 CE. FII sold 2.1 K CE and 3 K  CE were shorted by them. Retail bought 56.5 K CE and 40.8 K CE were shorted by them.

 

• 10600 PE OI@52.8 lakhs having the highest OI strong support at 10700 followed by 10600 . 10200-11000 PE added 20.6 Lakh in OI so bulls added position in range 10500-10800 PE. FII bought 11.7 K CE and 15 K PE were shorted by them. Retail bought 23.6 K PE and 17.8 K PE were shorted by them.

• Total Future & Option trading volume at 5.86  Lakh core with total contract traded at 1.02 lakh , PCR @1.04

 

• FII’s bought 636 cores  and DII’s bought 15 cores in cash segment.INR closed at 68.77
  

 

• Nifty Futures Trend Deciding level is 10938 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 10760. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy above 10960 Tgt 10980,11005 and 11030 (Nifty Spot Levels)

Sell below 10920 Tgt 10898,10865 and 10850 (Nifty Spot Levels)

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