Nifty Technical Analysis for 20 Jul

By | July 19, 2020 9:08 am

  • FII sold 9.1 K contract of Index Future worth 652 cores, Net OI has decreased by 922 contract, 4.2 K Long contract were added by FII and 5 K  Shorts were liquidated by FII. Net FII Long Short ratio at 1.13, So FII used fall to enter longs and exit shorts.
  •  As discussed in last analysis  Nifty Bulls will get active above 10777 for a move back to 10825/10870. Bears will get active below 10695 for a move back to 10630/10555. Low made was 10749 so above 10777 Bulls got active ans did both  target on upside,Monday is an important Astro date so we should see a trending move. Bulls need to move above 10905 for a move towards 10957/11009/11062. Bears will get active below 10852 for a move back to 10800/10749/10700.

  • Total Future & Option trading volume at  36 Lakh core with total contract traded at 1.83 lakh , PCR @0.77
  • Nifty July Future Open Interest Volume is at 1.04  Cores with addition of 0.35 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @10325 closed above it.
  • 11000 CE is having Highest OI at 10 Lakh, resistance at 11000 followed by 11100.10500-10900 CE added 13 Lakh in OI so bears added in range of 10900-11000.FII bought 27.7 K CE and 18.9 K CE were shorted by them. Retailers bought 70 K CE and 100 K  CE were shorted by them.
  • 10700 PE OI@25 Lakhs having the highest OI strong support at 10700 followed by 10600. 10500-10700 PE added 14  Lakh in OI so bulls added position in range 10600-10700.FII bought 23.9 K PE and 27 K PE were shorted by them. Retailers bought 227 K PE and 187 K PE were shorted by them.
  • FII’s bought 697 cores and DII’s sold 209 cores in cash segment.INR closed at 75.07

Buy Above 10935 Tgt 10957,10980 and 11009 (Nifty Spot Levels)

Sell Below 10881 Tgt 10861,10841 and 10820 (Nifty Spot Levels)

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.

Leave a Reply