Nifty Hits Life time High,EOD Analysis

• FII bought 10.4 K contract of Index Future worth 888  cores, Net OI has decreased by 3.9 K contract 3.2K Long contract were added by FII and 7.1 K Shorts were covered by FII. Net FII Long Short ratio at 1.97 so FII used rise to enter longs and exit  shorts.

• As discussed in  Last Analysis  Bulls did 1 target on upside with gap up bears did 1 target on downside and again we closed above 16281,Till we are holding 16281 bulls can rally towards  16332/16396/16461/16554. Bears will again get active below 16250 for a move back to 16185/16112/16066. Bulls did 2 target on upside,now till we are holding 16309 bulls can rally towards 16417/16489. Bears have chance below 16289 for a move back to 16225/16162.

• Intraday time for reversal can be at  9:15/10:30/12:27/1:16/1:52/2:48  How to Find and Trade Intraday Reversal Times

• Total Future & Option trading volume at 99.5 Lakh core with total contract traded 0.88 lakh , PCR @0.98

• Nifty August Future Open Interest Volume is at 1.29 Cores with addition of 7.6 Lakh with increase in cost of carry suggesting LONG position were added today, NF Rollover cost @15791 closed above it. 

• 16400 CE is having Highest OI at 11.2 Lakh, resistance at 16400 followed by 16500. 16300-16500 CE added 12 Lakh in OI so bears added in range of 16400-16500.

• 16200 PE OI@21.9 Lakhs having the highest OI strong support at 16200 followed by 16100. 16000-16200 PE added 22 Lakh in OI so bulls addded position in range 16100-16200. 

• FII’s sold 212 cores and DII’s bought 307 cores in cash segment.INR closed at 74.35

• Nifty Futures Trend Deciding level is 16335   (For Intraday Traders). NF Trend Changer Level (Positional Traders) 16136 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy Above 16380 Tgt 16400, 16430 and 16474 (Nifty Spot Levels)

Sell Below 16350 Tgt 16331, 16300 and 16275 (Nifty Spot Levels)