Nifty ready for range breakout,EOD Analysis

By | February 14, 2017

  • FII’s bought 19.6 K contract of Index Future worth 1321 cores ,18.9 K Long contract were added by FII’s and 0.7 K short contracts were liquidated by FII’s. Net Open Interest increased  by 18.2 K contract, so fall in market was used by FII’s to enter long and exit short in  Index futures. Trading Common Sense which is not so Common
  • As discussed in last analysis   we are still holding 8681 suggesting bulls are still having upper hand eventhough we are not able to cross the gann arc, as shown in below chart. Bearish only on close below 8681 and bullish above 8840 in between choppy move continue.  High made today was 8820 and low made was 8772 so we did not break 8840 on Upside and 8681 on downside suggesting choppy move to continue, Bulls should protect 8681 and till its protected move towards 8969 and above is quiet possible. Once the Gann arc as shown below is broken bulls will shown an impulsive move on upside. When we are near major supply zone as i have been discussing we see such choppy moves, more nifty consolidates in the zone faster and impulsive will be the breakout.  15 Feb is important date as per time analysis,hopefully we should see trending move tomorrow.Bank Nifty ready for trending move,EOD Analysis

  • Nifty Feb Future Open Interest Volume is at 2.33 core with addition of 10.3 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @8468.
  • Total Future & Option trading volume at 3.16 Lakh core with total contract traded at 1.3 lakh , PCR @0.92
  • 9000  CE  is having Highest OI  at 70.4 lakh, resistance at 9000 followed by 8900 .8500-9000 CE added 10.4 Lakh in OI so bears added in 8800/9000 CE .FII bought 13.7 K CE longs and 10.8 K CE were shorted by them .Retail bought 18.9 K CE contracts and 20.9 K CE CE were shorted them.
  • 8500 PE OI@58.5 lakhs having the highest OI strong support at 8500 followed by 8600. 8500-9000 PE added 8.6 Lakh in OI so bulls added in 8500/8600 PE. FII bought 2.3 K PE and 3.2 K PE were shorted by them  .Retail bought 17.8 K PE contracts and 11.7 K PE were shorted by them.
  • FII’s sold 6 cores in Equity and DII’s sold 3 cores in cash segment.INR closed at 66.92

Buy above 8840  Tgt 8868,8900 and 8930 (Nifty Spot Levels)

Sell below 8765 Tgt 8750,8720 and 8700 (Nifty Spot Levels)

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