Nifty Analysis as Mercury goes Helio Ingress

By | July 26, 2021 9:25 pm
  • FII bought 402 contract of Index Future worth 73 cores, Net OI has decreased by 3 K contract 1.3 K Long contract were covered by FII and 1.7 K Shorts were covered by FII. Net FII Long Short ratio at 1.48 so FII used rise to exit longs and exit shorts.
  • As Discussed in Last Analysis     Now Bears need to break 15766 for a quick move towards 15704/15641/15579. Bulls will get active above 15830 for a move towards 15892/15955.As discussed on below video Mercury goes Helio Ingress suggesting we are in for a big move in market in next 2 trading sessions. Now Bulls need to move above 15845 for a move back to 15900/15975/16025. Bears will get active below 15796 for a move back to 15741/15686/15610.
  • Total Future & Option trading volume at 36 Lakh core with total contract traded 1  lakh , PCR @0.93
  • Nifty July Future Open Interest Volume is at 0.78 Cores with liqudiation of 4.8 Lakh with decrease in cost of carry suggesting LONG position were closed today, NF Rollover cost @15794 closed above it. 
  • 15900 CE is having Highest OI at 56.8 Lakh, resistance at 15900 followed by 16000 . 15800-16000 CE added 22 Lakh in OI so bears added in range of 15900-16000.FII bought 20.7 K CE and 40.9 K CE were shorted by them. Retailers bought 285 K CE and 231 K CE were shorted by them.
  • 15800 PE OI@56.8 Lakhs having the highest OI strong support at 15800 followed by 15700. 15700-15800 PE added 12 Lakh in OI so bulls addded position in range 15700-15800. FII bought 16.6 K PE and 37.9 K PE were shorted by them. Retailers bought 223 K PE and 208 K PE were shorted by them.
  • FII’s sold 2376 cores and DII’s bought 1551 cores in cash segment.INR closed at 74.45 

Buy Above 15845 Tgt 15880, 15905 and 15935 (Nifty Spot Levels)

Sell Below 15795 Tgt 15777, 15743 and 15715 (Nifty Spot Levels)

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