- As Discussed in Last Analysis As today was time cycle date today low and high are very important break of any side can easily give move of 75-100 points. Bearish below 11664 for a move back to 11610/11570. Bullish above 11755 for a move back to 11810/11855. We should see good move in Nifty in next 2 days. Nifty gave whipsaw as it went below 11664 but failed to do target and closed marginally above 11664. As per time cycle we should see a good move, Short can be take below 11652 for a move towards 11610/11545/11470. Long above 11700 for a move back to 11755/11840. Important intraday time for reversal can be at 12:08/2:43. Bank Nifty corrects 150 points below time cycle low on expiry day,EOD Analysis
- Nifty Sep Future Open Interest Volume is at 2.37 core with liquidation of 57Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @11747 and Rollover %@ 67
- 11800 CE is having Highest OI at 22.5 Lakh, resistance at 11700 followed by 11800 .11000-12000 CE added 35 lakh in OI so bears added position in range of 11700-11900 CE.
- 11400 PE OI@26 lakhs having the highest OI strong support at 11400 followed by 11300 . 11000-12000 PE added 58 Lakh in OI so bulls added position in range 111300-11600 PE.
- Total Future & Option trading volume at1 19 Lakh core with total contract traded at 1.24 lakh , PCR @0.88
- FII’s bought 958 cores and DII’s sold 1598 cores in cash segment.INR closed at 70.79 USD INR does Price Time Squaring
- Nifty Futures Trend Deciding level is 11721 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 11721. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 11698 Tgt 11725,11750 and 11767 (Nifty Spot Levels)
Sell below 11666 Tgt 11644,11615 and 11585 (Nifty Spot Levels)
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