Nifty Technical Trend Analysis


  • FII’s sold 1.7 K contract of Index Future worth 111 cores ,0.6 K Long contract were liquidated by FII’s and 1.1 K short contracts were added by FII’s. Net Open Interest increased  by 0.5 K contract, so fall in market was used by FII’s to exit long and enter  shorts  in  Index futures.  Why Trading is a mental game


  • Nifty Oct Future Open Interest Volume is at 1.79 core with liquidation of 4.5 Lakh with increase in cost of carry suggesting short  position were added today, NF Rollover cost @8777,corrected 250 points from that
  • 9000  CE  is having Highest OI  at 63.3  lakh, resistance at 9000 .8500/9000 CE  added 4.7 lakh so bears  added in 8700-8800 range  .FII sold 865 CE longs and 13.3 K shorted CE covered were by them .Retail bought 39 K CE contracts and 17.9 K CE were shorted by them.
  • 8500 PE OI@49.3 lakhs having the highest OI strong support at 8500. 8500-9000 PE added 4.5 Lakh in OI so bulls added aggressively  in 8600-8700 PE. FII bought 15.7 K  PE longs  and 0.6 K shorted PE  were covered  by them .Retail bought 17.2 K PE contracts and 24.7 K PE were shorted by them.
  • FII’s sold 282 cores in Equity and DII’s bought 724 cores in cash segment.INR closed at 66.67

Buy above 8670 Tgt 8695,8727 and 8755 (Nifty Spot Levels)

Sell below 8650 Tgt 8630,8610 and 8577 (Nifty Spot Levels)

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