- FII’s sold 10.8 K contract of Index Future worth 597 cores ,355 Long contract were added by FII’s and 11.2 K short contracts were added by FII’s. Net Open Interest increased by 11.5 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 Next 2 days are very important as bulls need to hold range of 8039-8060 on Weekly closing basis else we can see deeper cut in market towards 7700/7800. Fresh shorts should be done on close below 7972 only for move towards 7800/7750. Low made today was 8048 and near gann angle as shown in below chart, 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. Bank Nifty close below 19000, EOD Analysis
- Nifty Nov Future Open Interest Volume is at 1.74 core with liquidation of 13.3 Lakh with decrease in cost of carry suggesting long 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 3.4 Lakh core with total contract traded at 1.5 lakh , PCR @0.82.
- 8500 CE is having Highest OI at 57.2 lakh, resistance at 8500 followed by 8700 .8000/8700 CE added 21.8 lakh so bears added aggressively 8100/8200 PE .FII bought 2.8 K CE longs and 11.4 K CE were shorted by them .Retail bought 43.8 K CE contracts and 20.1 K CE were shorted by them.
- 8000 PE OI@57.3 lakhs having the highest OI strong support at 8000. 8000-8500 PE liquidated 2.5 Lakh in OI so bulls ran for cover in 8200/8300 PE. FII bought 11.4 K PE longs and 3.2 K PE were shorted by them .Retail bought 8.5 K PE contracts and 14.6 K PE PE were shorted by them.
- FII’s sold 926 cores in Equity and DII’s bought 1143 cores in cash segment.INR closed at 68.13
- Nifty Futures Trend Deciding level is 8091 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8433. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 8085 Tgt 8100,8120 and 8150 (Nifty Spot Levels)
Sell below 8035 Tgt 8004,7970 and 7920 (Nifty Spot Levels)
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