Nifty EOD Analysis

By | December 2, 2016

fii

  • FII’s bought 11 K contract of Index Future worth 707 cores ,10.2 K Long contract were added by FII’s and 0.8 K short contracts were liquidated by FII’s. Net Open Interest increased  by 9.4 K contract, so rise in market was used by FII’s to enter long and exit shorts  in  Index futures. Why Traders are unable to Follow Your Trading Plan
  • As discussed in last analysis  Close above 8177 we can see fast move towards 8250/8337. Bearish below 8050 for a move towards 8000/7950. High made today was 8251 so nifty did the target above 8177, also low made was 8185 so nifty traded in our range of 8250/8177. Now Bulls need a close above 8250 for a move towards 8318/8444. Bears will get active below 8140 for a move towards 8080/8050.  Bank Nifty EOD Analysis

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  • Nifty Dec Future Open Interest Volume is at 1.61 core with addition of 5 Lakh with decrease in cost of carry suggesting short  position were added today, NF Rollover cost @8049 closed above it.
  • Total Future & Option trading volume at 4.14 Lakh core with total contract traded at 1.05  lakh , PCR @0.99.
  • 8300  CE  is having Highest OI  at 50 lakh, resistance at 8300 followed by 8500 .7900/8500 CE  added 8.1  lakh so bears added in 8400/8500 CE and liquidated in 7900/8000 CE .FII sold .2 K CE longs and 7.7 K shorted CE were covered by them .Retail sold  51.2 K CE contracts and 31.1 K CE shorted CE were covered by them.
  • 8000 PE OI@77.8 lakhs having the highest OI strong support at 8000. 7900-8500 PE added 16.3 Lakh in OI so bulls  added aggressively in 8100/8000 PE. FII bought 13.7 K  PE longs  and 9.3 K PE were shorted by them .Retail sod 81.4 K PE contracts and 31.1 K shorted PE were covered by them.
  • FII’s sold 402 cores in Equity and DII’s bought 237 cores in cash segment.INR closed at 68.34

Buy above 8210 Tgt 8235,8260 and 8280 (Nifty Spot Levels)

Sell below 8165 Tgt 8144,8110 and 8080 (Nifty Spot Levels)

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