Nifty Bulls does Life High,holding time cycle low

By | October 15, 2017

  • FII’s bought11.1 K contract of Index Future worth 807 cores ,18.3 K Long contract were added by FII’s and 7.2 K Short contracts were added by FII’s. Net Open Interest increased  by 25.6 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 1.47.  How To Teach Your Brain To Trade
  • As discussed in last analysis    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.  We did a new all time high on nifty showing the effect of time cycle as we also did the 2 target of 10180, As we enter uncharted territory 10224-10236. BUlls need a daily close above 10253 for a next move towards 10355/10400. Bearish below 10090 for a move towards 10000/9930.   Bank Nifty bulls rallies 800 points,holding time cycle low

  • Nifty October Future Open Interest Volume is at 2.66 core with addition of 3 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 6 Lakh core with total contract traded at 1.33 lakh , PCR @0.95
  • 10200 CE  is having Highest OI  at 34 Lakh, resistance at 10200 followed by 10250 .10000-10500 CE liquidated 7.5 Lakh in OI so bears covered position  in range of 10000-10200. FII bought 17.7 K CE and 3 K shorted CE were covered by them. Retail sold 2 K CE and 6.2 K CE were shorted by them.
  • 10000 PE OI@70.7 lakhs having the highest OI strong support at 10000 followed by 9900. 10000-10500 PE added 57 Lakh in OI so bulls added major position in 10000-10100 PE. FII bought 10.9 K  PE and 31 K PE were shorted by them. Retail bought 138 K PE and 86.9 K PE were shorted by them
  • FII’s sold 1698 cores  and DII’s bought 1590 cores in cash segment.INR closed at 64.83

Buy above 10180  Tgt 10200,10230 and 10256 (Nifty Spot Levels)

Sell below 10150 Tgt 10130,10100 and 10080 (Nifty Spot Levels)

Follow on Facebook https://www.facebook.com/Brameshs-Tech-14011718268586

Follow on Twitter:https://twitter.com/brahmesh

Leave a Reply