Nifty rallies 200 points above 11410,EOD Analysis

By | August 23, 2018 11:48 pm

  • 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

 

 

Buy above 11590 Tgt 11610,11630 and 11655 (Nifty Spot Levels)

Sell below 11540 Tgt 11525,11510 and 11470 (Nifty Spot Levels)

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

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

Category: Nifty Technical Analysis

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.

Leave a Reply