- FII’s bought 18.2 K contract of Index Future worth 1170 cores ,33.7 K Long contract were added by FII’s and 15.5 K short contracts were added by FII’s. Net Open Interest increased by 49.2 K contract, so fall in market was used by FII’s to enter long and enter shorts in Index futures. The Success Story Of Arnold Schwarzenegger
- As discussed in last analysis Holding the range of 8039/8060 we can see sharp pullback towards 8210/8360. Fresh shorts should be done only below 7972 for a move towards 7900/7800. Nifty broke the range as soon as went below 7972 bears became active and pushed nifty towards 7900, 7899 is very important level which needs to be watched in coming 2 days, Closing above it we can see relief rally till 8155 levels. Close below 7900 can see fresh selling towards 7820/7750. Bank Nifty close below 19000, EOD Analysis
- Nifty Nov Future Open Interest Volume is at 1.66 core with liquidation of 8 Lakh with increase in cost of carry suggesting short position were closed today, NF Rollover cost @8705 made high at 8704 on 01 Nov and correction of 700 points.
- Total Future & Option trading volume was at 5.7 Lakh core with total contract traded at 2.2 lakh , PCR @0.82.
- 8200 CE is having Highest OI at 52.7 lakh, resistance at 8200 followed by 8100 .7900/8500 CE added 33.3 lakh so bears added aggressively 8000/8100 PE .FII sold 7.6 K CE longs and 3.6 K CE were shorted by them .Retail bought 88.1 K CE contracts and 38.7 K CE were shorted by them.
- 8000 PE OI@36.8 lakhs having the highest OI strong support at 8000. 7900-8500 PE liquidated 38.9 Lakh in OI so bulls ran for cover in 8100/8000 PE. FII bought 14.3 K PE longs and 18.2 K shorted PE were covered by them .Retail sold 21.3 K PE contracts and 1.4 K shorted PE were covered by them.
- FII’s sold 1310 cores in Equity and DII’s bought 1211 cores in cash segment.INR closed at 68.16
- Nifty Futures Trend Deciding level is 7979 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8404. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 7950 Tgt 7982,8020 and 8048(Nifty Spot Levels)
Sell below 7895 Tgt 7860,7840 and 7820 (Nifty Spot Levels)
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