Nifty heading towards life high,EOD Analysis

By | April 11, 2017

  • FII’s sold 1.5 K contract of Index Future worth 166 cores ,1.7 K Long contract were liquidated by FII’s and 249  Short contracts were liquidated by FII’s. Net Open Interest decreased  by 2 K contract, so rise in market was used by FII’s to exit  long and exit short in  Index futures. Secret of Successful Traders :Be Imperfect
  • As discussed in last analysis  Bullish only on close above 9268. Low made was 9174 nifty has strong support in range of 9140-9150, holding the same we can bounce back till 9268 and below 9130 can see move towards 9070-9020. Low made was 9172 so bears were unable to push nifty towards the zone of 9150-9130 and bounced before that only, Bulls need a close above 9268 gann angle resistance for a next move towards 9368/9420. Bearish below 9130 for a move towards 9070/9020. Bank Nifty hit life high holding gann angle,EOD Analysis
  • Nifty April Future Open Interest Volume is at 2.10 core with addition of 3.2 Lakh with increase in  cost of carry suggesting long position were added today, NF Rollover cost @9148 closed above it.
  • Total Future & Option trading volume at 4.1 Lakh core with total contract traded at 1.05 lakh , PCR @0.93
  • 9500  CE  is having Highest OI  at 48.9  lakh, resistance at 9300 followed by 9500 .9000-9500 CE added 10.1 Lakh in OI so bears making resistance around 9300-9350 range.FII bought 5.3 K CE longs and 3.1 K Shorted  CE were covered by them.Retail sold 25.8 K CE contracts and 13.1 K shorted  CE were covered  by them.
  • 9000 PE OI@53.8 lakhs having the highest OI strong support at 9000 followed by 8900. 9000-9500 PE added  3.9 Lakh in OI so bulls added in 9000/8900 PE . FII bought 12 K PE and 3.1 K shorted PE were by them  .Retail bought 69 K PE contracts and 54.9 K  PE were shorted  by them.
  • FII’s sold 750 cores in Equity and DII’s bought 822 cores in cash segment.INR closed at 64.50

Buy above 9245 Tgt 9268,9287 and 9332 (Nifty Spot Levels)

Sell below 9210 Tgt 9192,9170 and 9150 (Nifty Spot Levels)

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