Nifty ready for trending move, EOD Analysis

By | December 7, 2016

  • FII’s bought 3.3 K contract of Index Future worth 211 cores ,6.1 K Long contract were added by FII’s and 2.8 K short contracts were added by FII’s. Net Open Interest increased  by 9 K contract, so fall in market was used by FII’s to enter long and enter shorts  in  Index futures. Why Traders are unable to Follow Your Trading Plan
  • As discussed in last analysis  Holding 8130 target is 8200/8250. Big Bullish move only on close above 8250 for a move towards 8330/8370/8444. Bearish only on close below 8100 for a move towards 8050/7972. High made was 8190 near our target of 8200, Nifty closed just above 8100 but closed below 8130, Tomorrow will be very crucial as mostly we should see a trending move, Bulls above 8130 again will move towards 8200/8250, Bears below 8100 will see move towards 8056/8011.  Bank Nifty continue to close above 18200,EOD Analysis

  • Nifty Dec Future Open Interest Volume is at 1.58 core with addition of 3.3 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @8049 closed above it.
  • Total Future & Option trading volume at 3.45 Lakh core with total contract traded at 1.42 lakh , PCR @0.80.
  • 8300  CE  is having Highest OI  at 47.7 lakh, resistance at 8300 followed by 8500 .7900/8500 CE  added0.67  lakh so bears added in 8200/8300 CE .FII bought 2.6 K CE longs and 1.9 K CE were shorted by them .Retail bought 48.8 K CE contracts and 21.9 K CE CE were shorted by them.
  • 8000 PE OI@76.5 lakhs having the highest OI strong support at 8000. 7900-8500 PE added 1.9 Lakh in OI so bulls  added in 8100/8000 PE. FII bought 11.4 K  PE longs  and 3.8 K PE were shorted by them .Retail bought 28 K PE contracts and 26.4 K PE were shorted by them.
  • FII’s bought 193 cores in Equity and DII’s sold 56 cores in cash segment.INR closed at 67.63

Buy above 8125 Tgt 8150,8175 and 8200 (Nifty Spot Levels)

Sell below 8075 Tgt 8056,8025 and 8000 (Nifty Spot Levels)

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