Nifty ready to Rally on Quarterly Closing,EOD Analysis

• As Discussed in Last Analysis   Above 11076 bulls have upper hand and can move towards 11143/11181.Bearish below 10980 for a move back to 10930/10870/10800. As Expiry got over yesterday most of the poison is out of system and we are starting Oct Expiry with a very low OI of 1.65 Lakh OI and also as we have Weekly/Monthly/Quarterly so NAV Game will come in Play. Nifty bulls were able to protect 10944 one more time, Bullish above 11006 for a move towards 11089/11149/25452. Bearish below 10944 for a move back to 10890/10830.   Important intraday time for reversal can be at 9:15/1:57. Bank Nifty ready to Rally on Quarterly Closing,EOD Analysis

 

• Nifty Sep Future Open Interest Volume is at 1.65 core with addition of 62 Lakh with increase in  cost of carry suggesting long position were added today, NF Rollover cost @11075 and Rollover %@ 60.1
  

 

• FII’s sold 552 cores  and DII’s sold 186 cores in cash segment.INR closed at 72.59, Started correcting from 73 level as discussed in Rupee Analysis. Indian Rupee nearing a Short term top
  

 

• Nifty Futures Trend Deciding level is 11062 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 11062. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy above 11007 Tgt 11035,11060 and 11100 (Nifty Spot Levels)

Sell below 10944 Tgt 10920,10890 and 10850 (Nifty Spot Levels)

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