- FII’s sold 9.5 K contract of Index Future worth 491 cores ,9.2 K Long contract were added by FII’s and 18.8 K short contracts were added by FII’s. Net Open Interest increased by 28.1 K contract, so fall in market was used by FII’s to enter long and enter shorts in Index futures. Nifty 50 To Have 51 Securities , First time DVR added
- As discussed in last analysis Bulls needs to hold 7058 on closing basis for some pullback on expiry.Nifty closed below 7058 suggesting we can see down move till 6934/6900 range where we have the next gann arc as shown below , We have Rail Budget and Expiry tomorrow so market will be very volatile, avoid trading tomorrow if you cannot handle the volatility, Market are forever protect your capital Bank Nifty corrects from gann arc, EOD Analysis
- Nifty February Future Open Interest Volume is at 1.13 core with liquidation of 29.8 Lakh with increase in cost of carry suggesting short position were closed today, Rollover stands at 54 % and Rollover cost @7179.
- Total Future & Option trading volume was at 5.34 Lakh core with total contract traded at 2.4 lakh , PCR @0.83, .How To Identify Market Tops and Bottom
- 7100 CE OI at 56 lakh , wall of resistance @ 7100 .7000/7100 PE added 54lakh so bears added in 7100/7000 CE .FII sold 0.07 K CE longs and 0.03 K CE were shorted by them .Retail bought 50 K CE contracts and 2.9 K CE were shorted by them.
- 7000 PE OI@69 lakhs having the highest OI strong support at 7000 . 7000/6900 PE added 23 lakh so bulls trying to form a based around 7000.FII sold 16 K PE longs and 16 K shorted PE were covered by them .Retail sold 24 K PE contracts and 2.9 K PE were shorted by them.
- FII’s sold 730 cores in Equity and DII’s bought 257 cores in cash segment.INR closed at 68.58
- Nifty Futures Trend Deciding level is 7057 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 7260 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 7040 Tgt 7068,7090 and 7120 (Nifty Spot Levels)
Sell below 6988 Tgt 6960,6930 and 6900 (Nifty Spot Levels)
Upper End of Expiry:7103
Lower End of Expiry: 6935