Nifty ready for trending move ,EOD Analysis

By | March 20, 2017

  • FII’s bought 11.2 K contract of Index Future worth 776 cores , 5.4 K Long contract were added by FII’s and 5.8 K Short contracts were liquidated by FII’s. Net Open Interest decreased  by 326 contract, so fall in market was used by FII’s to enter long and exit short in  Index futures. The Black Belt Story
  • As discussed in last analysis  Now BUlls need to protect 9077 -9050 range for this upmove to continue towards 9300/9368. Bearish below 9000 only in between range trade continues. Nifty has taken support near gann arc and also near the gann angles and closed near 9130 levels,suggesting if 9100 level is held we can see upmove towards 9200/9250. Bearish below 9100 for a move towards 9040/9000. As per time analysis next 2 days we can see trending day. Bank Nifty near Gann Support, Will it bounce or breakdown ?

  • Nifty March Future Open Interest Volume is at 2.55 core with added of 6.8 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @8925 closed above it before election results and rewarded big time.
  • Total Future & Option trading volume at 2.60  Lakh core with total contract traded at 0.73 lakh , PCR @0.96
  • 9200  CE  is having Highest OI  at 60.3 lakh, resistance at 9200 followed by 9300 .8800-9500 CE added 9.7 Lakh in OI so bears building wall of resistance at 9200-9220 zone.FII sold 2.2 K CE longs and 1.9 K shorted  CE were covered by them .Retail bought 46 K CE contracts and 31.1 K  CE were shorted  by them.
  • 8800 PE OI@56.2 lakhs having the highest OI strong support at 8900 followed by 8800. 8800-9500 PE liquidated  9.3 Lakh in OI so bulls covered in 8800/8900 PE. FII bought 412 PE and 790 shorted PE were covered by them  .Retail sold 2.7 K PE contracts and 12.8 K PE were shorted by them.
  • FII’s bought 56 cores in Equity and DII’s sold 536 cores in cash segment.INR closed at 65.36

Buy above 9168 Tgt 9186,9210 and 9240 (Nifty Spot Levels)

Sell below 9105 Tgt 9085,9060 and 9030 (Nifty Spot Levels)

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