Nifty EOD Analysis for 21 Aug

• FII bought 8.4 K contract of Index Future worth 503cores, Net OI has increased by 4.3 K contract, 6.3 K Long contract were added by FII and 2 K short were covered by FII. Net FII Long Short ratio at 0.41, So FII used fall to enter  longs and exit shorts.

• As Discussed in Last Analysis   Nifty Bulls will get active above 11080 for a move back to 111146/11200/11260. Bears will get active below 11030 for a move back to 10985/10910. High made was 11076 so bulls did not break 11080, and had a good fall. Nifty Bulls will get active above 11030 for a move back to 11080/11146/11200. Bears will get active below 10985 for a move back to 10925/10885.

• Important intraday time for reversal can be at
• 9:41/10:39/11:48/12:50/2:02
• How to Find and Trade Intraday Reversal Times

• Total Future & Option trading volume at 10.69 Lakh core with total contract traded at 1.55 lakh , PCR @0.96

• Nifty Aug Future Open Interest Volume is at 1.84 core with addition  of 5.3 Lakh with  increase in  cost of carry suggesting long position were added today, NF Rollover cost @11355 closed below it.

• 11000 CE  is having Highest OI  at 26.6 Lakh, resistance at 11000 followed by 11100 .10800-11400 CE added 12.8 Lakh in OI so bears added position in range of 11000-11200. FII sold 2.8 K CE and 4.1 K CE were shorted by them,Retail bought 91.2 K CE and 53.2 K CE were shorted by them.

• 10700  PE OI@23.1 Lakhs having the highest OI strong support at 10700 followed by 10800 . 10800-11400 PE liquidated 4.2 Lakh in OI so bulls covered position in range 10800-11100. FII bought 9.2 K PE and 228 PE were shorted by them,Retail bought 8.5 K PE and 21.6 K PE were shorted by them.

• FII’s  bought 373  cores and DII’s bought 296 cores in cash segment.INR closed at 71.70
  

• Nifty Futures Trend Deciding level is 11029 For Intraday Traders). NF Trend Changer Level (Positional Traders) 11066 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy above 11030 Tgt 11060,11090 and 11120 (Nifty Spot Levels)

Sell below 10970 Tgt 10935,10910 and 10870  (Nifty Spot Levels)

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