Nifty Bulls bounces ferociously holding 9930,EOD Analysis

By | October 12, 2017

  • FII’s bought 4.8 K contract of Index Future worth 262 cores ,9.7 K Long contract were added by FII’s and 4.8 K Short contracts were added by FII’s. Net Open Interest increased  by 14.6 K contract, so rise in market was used by FII’s to enter  long and enter  short in  Index futures. FII’s Long to Short Ratio at 1.41.  Are You a trader and a gambler
  • As discussed in last analysis    As today was TC date so we saw volatile move, still we did not break 9930 so bulls can again come back tommrow. Till 9930 is held bulls are in control rally till 10090/10130/10180. Bearish below 9930 for a move towards 9810. Low made was 9977 and yesterday was 9955 so bulls protected 9930 and we saw the trend change move on new time cycle date and did the 1 target of 10090 and hopefully we will see move towards 10130/10180/10236. Bearish below 9930 only.    Bank Nifty moves from 1 Gann Angle to another,EOD Analysis

  • Nifty October Future Open Interest Volume is at 2.63 core with addition of 10.9 Lakh with increase in  cost of carry suggesting long position were added today, NF Rollover cost @9857 closed above it.
  • Total Future & Option trading volume at 11 Lakh core with total contract traded at 1.15lakh , PCR @1.04
  • 10100 CE  is having Highest OI  at 37.7  Lakh, resistance at 10100 followed by 10200 .9700-10300 CE liquidated 29.4 Lakh in OI so bears covered position  in range of 10000-10200. FII bought 8.8 K CE and 3.5 K shorted CE were covered by them. Retail sold 175 K CE and 89 K shorted CE were covered by them.
  • 10000 PE OI@65.4 lakhs having the highest OI strong support at 10000 followed by 9900. 9700-10300 PE added 42 Lakh in OI so bulls added major position in 9800-9900 PE. FII sold 12.3 K  PE and 5.2 K PE were shorted by them. Retail bought 50 K PE and 17 K shorted PE were covered by them
  • FII’s sold 668 cores  and DII’s bought 872 cores in cash segment.INR closed at 65.09

Buy above 10103  Tgt 10125,10150 and 10185 (Nifty Spot Levels)

Sell below 10050 Tgt 10030,10000 and 9980 (Nifty Spot Levels)

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