- FII’s bought 1.6 K contract of Index Future worth 358 cores ,7 K Long contract were added by FII’s and 5.3 K Short contracts were added by FII’s. Net Open Interest increased by 12.4 K contract, so fall in market was used by FII’s to enter long and enter short in Index futures. FII’s Long to Short Ratio at 1.04. Learn to Conquer Emotions in Trading
- As Discussed in Last Analysis 23 Aug is another important time cycle date, Bulls need to hold 11500 for the upmove to continue towards 11610/11664 an important vedic number. Bearish below 11470 for a move back to 11400/11340. Bulls did 11610 with gap up,As today is an important reversal date, Fresh shorts below 11540 for a move towards 11470/11400. Bullish above 11620 for a move towards 11664/11730. So Bullsih above 10620 Important intraday time for reversal can be at 10:02/2:24. Bank Nifty breaks gann angle,EOD Analysis
- Nifty Aug Future Open Interest Volume is at 3.02 core with addition of 0.97 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @11149 closed above it.
- 11600 CE is having Highest OI at 35.3 Lakh, resistance at 11600 followed by 11700 .11000-12000 CE added 1.9 lakh in OI so bears added position in range of 11400-11500 CE. FII sold 14.8 K CE and 2 K shorted CE were covered by them. Retail sold 33 K CE and 52.3 K shorted CE were covered by them.
- 11400 PE OI@41.9 lakhs having the highest OI strong support at 11300 followed by 11200 . 11000-12000 PE added 10.8 Lakh in OI so bulls added position in range 111200-11300 PE. FII bought 7.9 K PE and 2 K PE were shorted by them. Retail sold 90 K PE and 64 K PE were shorted by them.
- Total Future & Option trading volume at1 17.81 Lakh core with total contract traded at 0.87 lakh , PCR @0.85
- FII’s bought 433 cores and DII’s bought 142 cores in cash segment.INR closed at 70.11 USD INR does Price Time Squaring
- Nifty Futures Trend Deciding level is 11582 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 11411. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 11590 Tgt 11610,11630 and 11655 (Nifty Spot Levels)
Sell below 11540 Tgt 11525,11510 and 11470 (Nifty Spot Levels)
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