Nifty Rallies holding 10920,EOD Analysis

• FII’s bought 7.8 K contract of Index Future worth 581 cores ,15.8 K Long contract were added by FII’s and 7 K Short contracts were added by FII’s. Net Open Interest decreased  by 21.8 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 1.02. How to become Millionaire with Consistent Success in Trading

 

• As Discussed in Last 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. Nifty did the target of 11060 above 10920, Now bulls need to hold range of 11000-11025 for the next move towards 11088/11171/11232. Bearish below 10920 for a move back to 10810/10730.Important intraday time for reversal can be at 2:22. Bank Nifty rallies above gann angle,EOD Analysis

• Nifty July Future Open Interest Volume is at 2.51 core with addition of 8.3 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 38 Lakh, resistance at 11000 followed by 11200 .10200-11000 CE liquidated 16 lakh in OI so bears  covered  position in range of 10800-11000 CE. FII bought 10.8 K CE and 6.8 K  CE were shorted by them. Retail sold 88.1 K CE and 70.7 K CE were shorted by them.

 

• 10600 PE OI@51.5 lakhs having the highest OI strong support at 10800 followed by 10700 . 10200-11000 PE added 21.2 Lakh in OI so bulls added position in range 10700-10900 PE. FII bought 16.4 K CE and 9.9 K PE were shorted by them. Retail sold 94.2 K PE and 84.5 K PE were shorted by them.

• Total Future & Option trading volume at 17.1  Lakh core with total contract traded at 1.27 lakh , PCR @0.99

 

• FII’s sold 742 cores  and DII’s bought 366 cores in cash segment.INR closed at 68.56
  

 

• Nifty Futures Trend Deciding level is 11031 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 10784. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy above 11040 Tgt 11065,10990 and 11030 (Nifty Spot Levels)

Sell below 11020 Tgt 11000,10976 and 10955 (Nifty Spot Levels)

Follow on Facebook https://www.facebook.com/Brameshs-Tech-14011718268586

Follow on Twitter:https://twitter.com/brahmesh