Will Nifty Bulls able to hold 9368, EOD Analysis

By | May 13, 2017

  • FII’s sold 13 K contract of Index Future worth 916 cores ,5.5 K Long contract were liquidated by FII’s and 7.5 K  Short contracts were added by FII’s. Net Open Interest increased  by 2 K contract, so fall in market was used by FII’s to exit long and enter short in  Index futures. Lesson a TRADER can learn from ANT
  • As discussed in last analysis   Nifty made high of 9450 almost doing our target of 9459, now we should see some consolidation in market in range of 9368-9460 for the next round of up move towards 9559. Bearish below 9310 only.  Low made was 9372 and High made was 9437 so nifty continue to trade in range of  9368-9460, Now bulls needs to break 9460 for next round of upmove towards 9529/9600. and bears need to break 9368 for a fall towards 9310/9256.   Bank Nifty near gann angle support, Will It Bounce Again ?

  • Nifty May Future Open Interest Volume is at 2.06 core with liquidation of 5.2 Lakh with increase in  cost of carry suggesting short position were added today, NF Rollover cost @9307 Closed above it.
  • Total Future & Option trading volume at 3.7 Lakh core with total contract traded at 0.97 lakh , PCR @1.10
  • 9500  CE  is having Highest OI  at 70.8 lakh, resistance at 9500 followed by 9450 .9000-9500 CE added 5.3 Lakh in OI so bears added in 9400-9500 CE.FII sold 1 K CE longs and 2.9 K CE were shorted  by them.Retail bought 59.9 K CE contracts and 25.2 K CE were shorted  by them.
  • 9300 PE OI@72.6 lakhs having the highest OI strong support at 9300 followed by 9200. 9000-9500 PE liquidated 6.4 Lakh in OI so bulls added in 9200/9300 PE . FII bought 4.1 K PE and 1.8 K PE were shorted by them. Retail sold 1.4 K PE contracts and 27.7 K PE were shorted by them.
  • FII’s bought 841 cores in Equity and DII’s sold 710 cores in cash segment.INR closed at 64.31

Buy above 9435  Tgt 9450,9470 and 9490 (Nifty Spot Levels)

Sell below 9368 Tgt 9350,9335 and 9310 (Nifty Spot Levels)

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