RBI Monetary Policy Nifty Impact

By | August 6, 2021 7:00 am
  • FII sold 4.1 K contract of Index Future worth 364 cores, Net OI has increased by 3.3 K contract 408 Long contract were covered by FII and 3.7 K Shorts were added by FII. Net FII Long Short ratio at 2.20 so FII used rise to exit longs and enter shorts.
  • As discussed in  Last Analysis  Now Bulls need to protect 16212 for upmove to continue towards 16307/16385. Bears will get active below 16196 for a fall towards 16127/16080. Bulls protected 16212 as low made was 16210 and did 1 target on upside, Today we have RBI Policy outcome followed by 4 Astro Dates coming 1. SUN Square Uranus 2. Venus Square Saturn HELIO generally show Bearish move 3. Venus Opposition Uranus HELIO 4. Bayer Rule 27: Big tops and big major bottoms are when Mercury’s speed in Geocentric longitude is 59 minutes or 1 degree 58 minutes, suggesting very important date today and can lead to trend change in market. Bulls will get active above 16332 for a move towards 16396/16461/16554. Bears will get active below 16205 for a move towads 16141/16078/16015.
  • Total Future & Option trading volume at 112.2  Lakh core with total contract traded 1.25 lakh , PCR @0.83
  • Nifty August Future Open Interest Volume is at 1.22 Cores with addition of 5.5 Lakh with decrease in cost of carry suggesting SHORT position were added today, NF Rollover cost @15791 closed above it. 
  • 16300 CE is having Highest OI at 27.1 Lakh, resistance at 16300 followed by 16400. 16000-16300 CE added 12 Lakh in OI so bears added in range of 16100-16200.
  • 16200 PE OI@24.2 Lakhs having the highest OI strong support at 16200 followed by 16100. 16000-16200 PE added 12 Lakh in OI so bulls addded position in range 16000-16100
  • FII’s sold 719 cores and DII’s bought 731  cores in cash segment.INR closed at 74.28

Buy Above 16300 Tgt 16323, 16360 and 16399 (Nifty Spot Levels)

Sell Below 16269 Tgt 16245, 16220 and 16165 (Nifty Spot Levels)

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