Nifty forms DOJI near Supply zone,EOD Analysis

By | February 2, 2017

  • FII’s sold 4.2 K contract of Index Future worth 258 cores ,6.5 K Long contract were added by FII’s and 10.8 K short contracts were added by FII’s. Net Open Interest decreased  by 17.3 K contract, so rise in market was used by FII’s to enter long and enter  long in  Index futures. Common Excuses Made By Losing Traders
  • As discussed in last analysis    Holding 8710 nifty is headed towards 8800/8860. Bearish only on close below 8500. 8710 is held again suggesting move till 8800 possible but the range of 8806-8840 a big supply zone so market if it consolidated in range of 8700-8800 before crossing that will be very healthy as it will suck in the supply coming from that range. Bearish on close below 8600 only till than it can do time correction for few days.Weekly close tomrow bulls will be happy with a close above 8700 and bears below 8650.  Bank Nifty does 20150 above 19800,EOD Analysis

  • Nifty Feb Future Open Interest Volume is at 2.16 core with addition of 7.9 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @8468.
  • Total Future & Option trading volume at 7.33 Lakh core with total contract traded at 1.37 lakh , PCR @0.86
  • 9000  CE  is having Highest OI  at 61.1 lakh, resistance at 9000 followed by 8700 .8400-9000 CE added 11.1 Lakh in OI so bulls added in 8900/9000 CE .FII bought 24.8 K CE longs and 10.6 K shorted CE were covered by them .Retail sold  97.9 K CE contracts and 31.4 K shorted CE were covered them.
  • 8400 PE OI@45.7 lakhs having the highest OI strong support at 8400 followed by 8200. 8400-9000 PE added 14 Lakh in OI so bulls added in 8400/8500 PE. FII bought 11.6 K PE and 3K shorted PE were covered by them  .Retail sold 62.8 K PE contracts and 35.5 K shorted PE were covered  by them.
  • FII’s bought 108 cores in Equity and DII sold 110 cores in cash segment.INR closed at 67.37

Buy above 8766  Tgt 8797,8820 and 8845 (Nifty Spot Levels)

Sell below 8720 Tgt 8695,8660 and 8622 (Nifty Spot Levels)

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