- FII’s sold 8.2 K contract of Index Future worth 437 cores ,6.9 K Long contract were liquidated by FII’s and 1.2 K short contracts were added by FII’s. Net Open Interest decreased by 5.6 K contract, so today’s rise in market was used by FII’s to exit long and enter shorts in Index futures. Problems Created by Trading Loss
- As discussed yesterday Nifty forming Bullish SHARK pattern its PRZ is near 7550, so price action near 7539/7550 needs to be watched to check the validity of this pattern, Nifty made low of 7551 and rallied almost 150 point from the low, and achived 1 conservative target of SHARK pattern are mentioned in below post, As shown in 2 chart closing above yesterday high of 7705 can see Nifty moving towards 7767/7800 range, Bullish on close above 7767. Bank Nifty heading towards gann line,EOD Analysis
- Nifty December Future Open Interest Volume is at 2.02 core with addition of 1.7 Lakh with decrease in CoC suggesting short position were added today. Nifty closing below rollover cost 7896.
- Total Future & Option trading volume was at 1.52 Lakh core with total contract traded at 1.2 lakh , PCR @0.81.VIX will fall tomorrow after the FED Event is over so OTM Option Buyers be cautious premium can fall like 9 pins as happened in past occasion.
- 8000 CE OI at 62.2 lakh , wall of resistance @ 8000 .7600/8000 CE liquidated 3.3 lakh in OI as bears booked profit in 7800/8000 CE.FII sold 8 K CE longs and 7.1 K CE were shorted by them .Retail bought 6.1 K CE contracts and 3.2 K CE were shorted by them.
- 7500 PE OI@ 80 lakhs strong base @ 7500. 7600/8000 PE added 7.8 lakh so bulls added on 7600/7700.FII bought 1.3 K PE longs and 7.6 K PE were by shorted them .Retail bought 30 K PE contracts and 10.6 K PE were shorted by them.
- FII’s bought 48 cores in Equity and DII’s bought 273 cores in cash segment.INR closed at 66.92.
- Nifty Futures Trend Deciding level is 7678 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 7818 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Traders following TC levels have been handsomely rewarded.
Buy above 7755 Tgt 7770,7790 and 7805 (Nifty Spot Levels)
Sell below 7650 Tgt 7630,7602 and 7585 (Nifty Spot Levels)
Follow on Twitter during Market Hours: https://twitter.com/brahmesh