Nifty bulls unable to cross 10253,EOD Analysis

By | October 18, 2017

  • FII’s bought 4.1 K contract of Index Future worth 258 cores ,5.8 K Long contract were added by FII’s and 1.7 K Short contracts were added by FII’s. Net Open Interest increased  by 7.5 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 1.75. FII Long to short ratio signaled bottom on 27 Sep when its hit 0.99 and we are up 500 points in 13 trading sessions. How To Teach Your Brain To Trade
  • As discussed in last analysis   10170 will act as strong support. We are able to catch the max of move from time cycle low date of 11 Oct. Time cycle gives extra edge to traders in riding the move, Nifty bulls need a close above 10253 for another up move towards 10355/10400/10521/19575.  Bearish below 10090 for a move towards 10000/9930. High made today was 10252 so bulls are still not able to break 10253 and start the next round of rally, bears are also unable to close below 10170 so nifty is consolidating in small range after a good rally of 200 points,Nifty bulls need a close above 10253 for another up move towards 10355/10400/10521/19575.  Bearish below 10170 for a move towards /10090/10000/9930.   Will Bank Nifty be able to hold 24476,EOD Analysis

  • Nifty October Future Open Interest Volume is at 2.67 core with addition of 0.46 Lakh with decrease in  cost of carry suggesting short position were added today, NF Rollover cost @9857 closed above it and up 400 points
  • Total Future & Option trading volume at 6.40 Lakh core with total contract traded at 0.68 lakh , PCR @0.90
  • 10200 CE  is having Highest OI  at 33.4  Lakh, resistance at 10200 followed by 10250 .10000-10500 CE added 5.3 Lakh in OI so bears added position  in range of 10200-10300. FII bought 3.1 K CE and 918  shorted CE were covered by them. Retail bought 63 K CE and 38.1 K CE were shorted by them.
  • 10000 PE OI@70.1 lakhs having the highest OI strong support at 10000 followed by 9900. 10000-10500 PE added 6.6 Lakh in OI so bulls added major position in 10000-10200 PE. FII bought 5.9 K  PE and 727 PE were shorted by them. Retail bought 15.6 K PE and 18.8 K PE were shorted by them
  • FII’s sold 485 cores  and DII’s bought 809 cores in cash segment.INR closed at 65.02

Buy above 10230  Tgt 10253,10270 and 10300 (Nifty Spot Levels)

Sell below 10190 Tgt 10170,10150 and 10130 (Nifty Spot Levels)

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