Nifty Analysis for Muhurat Trading

By | October 30, 2016

fii

  • FII’s sold 17 K contract of Index Future worth 1117 cores ,8.2 K Long contract were liquidated by FII’s and 8.7 K short contracts were added by FII’s. Net Open Interest increased  by 0.5 K contract, so rise in market was used by FII’s to exit  long and enter shorts  in  Index futures.  Muhurat Trading: Vows Traders should make to avoid loss in coming Year
  •  As discussed last Analysis  Now bulls will become active only above 8656 for a move till 8752/8800 High made on Friday was 8654, Bulls need close above 8656 for a move till 8700/8750, As seen in below chart we are seeing contraction of trading range, so get ready for a big trending move in next 2 weeks. 8750 will be the LOC for BUlls and bears closing above it bulls will rule bears will rule below it.    Bank Nifty Analysis for Muhurat Trading

nifty-daily

  • Nifty Nov Future Open Interest Volume is at 1.77 core with liquidation of 2.3 Lakh with decrease in cost of carry suggesting short position were closed today, NF Rollover cost @8705
  • 9000  CE  is having Highest OI  at 32 lakh, resistance at 9000 .8500/9000 CE  added 18.7 lakh so bears  added in 8700-8800 range  .FII bought 8.6 K CE longs and 4 K CE were shorted by them .Retail bought 40.3 K CE contracts and 48.6 K CE were shorted by them.
  • 8500 PE OI@40 lakhs having the highest OI strong support at 8500. 8500-9000 PE added 17.3 Lakh in OI so bulls  added in  8500-8600 PE as Nifty continue to close below 8750. FII bought 37.2 K  PE longs  and 8.6 K PE  were shorted by them .Retail bought 54 K PE contracts and 60 K PE were shorted by them.
  • FII’s sold 777 cores in Equity and DII’s bought 1124 cores in cash segment.INR closed at 66.77

Buy above 8668 Tgt 8680,8696 and 8710 (Nifty Spot Levels)

Sell below 8623 Tgt 8610,8595 and 8580 (Nifty Spot Levels)

Upper End of Expiry:8680

Lower End of Expiry:8550

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