Nifty continue to make new life high, EOD Analysis

By | September 19, 2017

  • FII’s sold 12.8 K contract of Index Future worth 1028 cores ,1.8 K Long contract were liquidated by FII’s and 10.9 K Short contracts were added by FII’s. Net Open Interest increased  by 9.1 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 1.20. Daring greatly requires worthiness
  • As discussed in last analysis    So Finally we crossed the new life high with a gap up, Today’s High of 10170 is very important as its an important gann number, Bulls if are able to do weekly close above it can rally the index towards 10236/10271/10372/10577 before Diwali. Close below 10100 can see move back till 9800-9770.  Another failed attempt to close above 10171, but still able to hold 10100 level. Day of consolidation after new high, not change in structure of market as we are holding the gann angle as shown in below chart.   Bank Nifty Bulls continue to hold 25000,EOD Analysis

  • Nifty September Future Open Interest Volume is at 2.05 core with addition of 0.45 Lakh with decrease in  cost of carry suggesting short position were added today, NF Rollover cost @9910 Closed above it and rallied 250 points.
  • Total Future & Option trading volume at 3.80 Lakh core with total contract traded at 0.60 lakh , PCR @0.90
  • 10200 CE  is having Highest OI  at 55.8 Lakh, resistance at 10200 followed by 10100 .9900-10500 CE liquidated 0.85 Lakh in OI so bears covered minor position  in range of 10100-10200 CE. FII sold 1.5 K  CE and 1.5 K CE were shorted by them. Retail bought 30.3 K CE and 19.3 K CE were shorted by them
  • 10000 PE OI@59.6 lakhs having the highest OI strong support at 10000 followed by 9900. 9900-10500 PE added 25.9Lakh in OI so bulls added position in 9900-10300 PE,making strong base at 9900. FII bought 13.2 K  PE and 7.4 K PE were shorted by them. Retail bought 31.9 K PE and 34 K PE were shorted by them
  • FII’s sold 1719 cores  and DII’s sold 77 cores in cash segment.INR closed at 64.32

Buy above 10172  Tgt 10192,10213 and 10240 (Nifty Spot Levels)

Sell below 10130 Tgt 10110,10090 and 10060 (Nifty Spot Levels)

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