Will Nifty Bulls close above 10253,EOD Analysis

By | October 24, 2017

  • FII’s sold 16.4 K contract of Index Future worth 1348 cores ,911 Long contract were added by FII’s and 17.3 K Short contracts were added by FII’s. Net Open Interest increased  by 18.2 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 1.55. 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. Muhurat Trading: Vows Traders should make
  • As discussed in last analysis   Nifty bulls need a close above 10253 for another up move towards 10355/10400/10521/10575.  Nifty bears were whipsawed as follow down move was not seen below 10170 and closed above 10170 on closing. As today was time cycle turn date so Bulls will get active above 10250 for a move towards 10355/10400/10521/10575. Bearish below 10124  for a move towards 10050/9971. Low made was 10182 and high made was 10237 so nifty traded in small range not breaking high and low of time cycle turn date,Plan remains the same Bulls will get active above 10250 for a move towards 10355/10400/10521/10575. Bearish below 10124  for a move towards 10050/9971.  Bank Nifty Bulls close above time cycle date high,EOD Analysis

  • Nifty October Future Open Interest Volume is at 2.09 core with liquidation of 34.1 Lakh with increase 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 7.07  Lakh core with total contract traded at 1.46 lakh , PCR @1
  • 10300 CE  is having Highest OI  at 39.9 Lakh, resistance at 10250 followed by 10350 .10000-10500 CE liquidated 14.2 Lakh in OI so bears covered position  in range of 10200-10300. FII bought 14.3 K CE and 5.8 K shorted CE were covered by them. Retail sold 10.3 K CE and 4.5 K CE were shorted by them.
  • 10000 PE OI@70.5  lakhs having the highest OI strong support at 10000 followed by 9900. 10000-10500 PE added 19.1 Lakh in OI so bulls added major position in 10000-10200 PE. FII sold 3.5 K  PE and 6.6 K PE were shorted by them. Retail bought 60.3 K PE and 28 K PE were shorted by them
  • FII’s sold 1306 cores  and DII’s bought 593  cores in cash segment.INR closed at 65.07

Buy above 10265  Tgt 10291,10320 and 10350 (Nifty Spot Levels)

Sell below 10210 Tgt 10180,10160 and 10140 (Nifty Spot Levels)

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