Nifty Bulls continue to hold 9820,EOD Analysis

By | September 26, 2017

  • FII’s sold 16.4 K contract of Index Future worth 1263 cores ,1.8 K Long contract were added by FII’s and 18.2 K Short contracts were added by FII’s. Net Open Interest increased  by 20.1 K contract, so fall in market was used by FII’s to enter long and enter  short in  Index futures. FII’s Long to Short Ratio at 1.02.  Do You Stick to Losing Positions in Trading ?
  • As discussed in last analysis   9930 broken and we saw the fall towards 9820, low made was 9816 and saw a small pullback, Fresh short below 9810 for a move towards 9726/9685/9631/9540/9449. Bullish above 9930 only.  Low made today was 9813 and we saw a decent bounce back in nifty from gann angle lows as seen in below chart,now bulls should hold 9820 till expiry for a move towards 10000. Longs can be taken above 9905 for a move till 9999, Fresh short below 9810 for a move towards 9726/9685/9631/9540/9449.  Bank Nifty Bulls continue to hold 24000,EOD Analysis

  • Nifty September Future Open Interest Volume is at 1.76 core with liquidation of 19.1 Lakh with decrease in  cost of carry suggesting long position were closed today, NF Rollover cost @9910 Closed below it as High made was 9904
  • Total Future & Option trading volume at 7.36 Lakh core with total contract traded at 1.26 lakh , PCR @0.82
  • 10000 CE  is having Highest OI  at 59.2 Lakh, resistance at 10000 followed by 9900 .9800-10000 CE added huge 16.3 Lakh in OI so bears added major position  in range of 10000-9900, suggesting expiry below 10000. FII bought 10.8 K CE and 9.9 K CE were shorted by them. Retail bought 24.1 K CE and 17.4 K CE were shorted by them
  • 9800 PE OI@43.7 lakhs having the highest OI strong support at 9800 followed by 9700. 9700-10200 PE liquidated 1 Lakh in OI so bulls covered position in 9900-10000 PE. FII bought 8.7 K  PE and 1.2 K shorted PE were covered by them. Retail bought 14.2 K PE and 18.7 K PE were shorted by them
  • FII’s sold 1915  cores  and DII’s bought 1537 cores in cash segment.INR closed at 65.44

Buy above 9893  Tgt 9920,9950 and 9980 (Nifty Spot Levels)

Sell below 9840 Tgt 9810,9790 and 9770 (Nifty Spot Levels)

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