- FII’s sold 4.6 K contract of Index Future worth 322 cores ,5.9 K Long contract were added by FII’s and 10.5 K short contracts were added by FII’s. Net Open Interest increased by 16.4 K contract, so today’s rise/fall in market was used by FII’s to enter long and enter shorts in Index futures. GST impact on Indian Economy
- Nifty formed another DOJI pattern after 2 days of rally consolidating the gains. Nifty is nearing trend change as shown in gann swing chart, Closing above 7994 will lead to trend change on upside, Till 7906 is held we can move towards 7994/8051/8116, Support is at 7906/7851. Bank Nifty forms INSIDE Day,EOD Analysis
- Nifty December Future Open Interest Volume is at 1.95 core with addition of 3 Lakh with increase in CoC suggesting long position were added today. Nifty closing above rollover cost 7896.
- Total Future & Option trading volume was at 1.39 Lakh core with total contract traded at 1.06 lakh , PCR @0.82.
- 8500 CE OI at 42 lakh , wall of resistance @ 8500 .7800/8500 CE added 27.6 lakh in OI as bears added position at higher level most of addition was seen in 8300/8500 CE.FII bought 31.7 K PE longs and 24.6 K PE were shorted by them .Retail bought 13 K PE contracts and 17.9 K PE were shorted by them.
- 7500 PE OI@ 47.3 lakhs strong base @ 7500. 7500/8000 PE added 2.3 lakh so bulls added position is 7700/7800 PE forming base at higher levels .FII bought 13.6 K PE longs and 2.5 K shorted PE were covered by them .Retail bought 8 K PE contracts and 13.7 K PE were shorted by them.
- FII’s sold 107 cores in Equity and DII’s bought 198cores in cash segment.INR closed at 66.48.
- Nifty Futures Trend Deciding level is 7985 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 7958 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Traders following TC levels have been handsomely rewarded.
Buy above 7960 Tgt 7985,8003 and 8051 (Nifty Spot Levels)
Sell below 7915 Tgt 7898,7875 and 7850 (Nifty Spot Levels)
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