Nifty Rallies on Time Cycle Date

By | August 9, 2019 1:03 am
  • As Discussed in Last Analysis   As per time cycle we should get good  move either today or tomorrow.Bulls now need a close above 10886 for a move back to 10938/10990/11043. Bears will get chance below 10830 for a move back to 10782/10743. Low made was 10843 and above 10886 we did all target on upside and got big move as per time cycle date. Now BUlls need to close above 11060 for a move towards 11155/11200. Bears will get active below 10970 for a move back to 10890/10830.

  • Total Future & Option trading volume at 27.7 Lakh core with total contract traded at 1.87 lakh , PCR @0.76
  • Nifty Aug Future Open Interest Volume is at 1.84 core with liquidation of 2 Lakh with  increase in  cost of carry suggesting long position were closed today, NF Rollover cost @11355 closed below it.
  • 11000 CE  is having Highest OI  at 24.4 Lakh, resistance at 11000 followed by 11100 .10800-11400 CE liquidated 6 Lakh in OI so bears added position in range of 11000-11200.
  • 10700  PE OI@25 Lakhs having the highest OI strong support at 10800 followed by 10700 . 10800-11400 PE added 12.6 Lakh in OI so bulls added position in range 10800-11100.
  • FII’s  sold 437 cores and DII’s bought 291 cores in cash segment.INR closed at 70.87

Buy above 11060 Tgt 11090,11122 and 11156 (Nifty Spot Levels)

Sell below 10970 Tgt 10943,10910 and 10886  (Nifty Spot Levels)

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Category: Daily

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.

2 thoughts on “Nifty Rallies on Time Cycle Date

  1. chandulal prajapati

    Sir why FII derivatives reports are not updating in NSE website, is it a new way to chit retail investor by not uploading their daily reoport???

    Reply

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