Nifty break time cycle low of 10240,EOD Analysis

By | November 13, 2017

  • FII’s bought 3.4 K contract of Index Future worth 278 cores ,1.3 K Long contract were liquidated by FII’s and  4.8 K Short contracts were liquidated by FII’s. Net Open Interest decreased  by 6.1 K contract, so fall in market was used by FII’s to exit long and exit short in  Index futures. FII’s Long to Short Ratio at 1.3.   Who are you Trader and Gambler ?

 

 

  • Nifty Nov Future Open Interest Volume is at 2.60 core with addition of 2.9 Lakh with increase in  cost of carry suggesting Long position were added today, NF Rollover cost @10280 closed below it.
  • Total Future & Option trading volume at 4 Lakh core with total contract traded at 1.03 lakh , PCR @0.95
  • 10500 CE  is having Highest OI  at 55.5 Lakh, resistance at 10500 followed by 10600 .10000-10500 CE added 32Lakh in OI so bears added major  position  in range of 10400-10500 . FII sold 4 K CE and 3 K  CE were shorted by them. Retail bought 100 K CE and 46 K CE were shorted by them
  • 10200 PE OI@49.1 lakhs having the highest OI strong support at 10200 followed by 10150. 10000-10500 PE liquidated  22Lakh in OI so bulls ran for cover position  in 10000-10200 PE as 10240 was broken. FII bought 3 K PE and 8.6 K shorted PE were covered by them. Retail sold 23  K PE and 9.1 K PE were shorted by them.
  • FII’s sold 233 cores  and DII’s sold 268 cores in cash segment.INR closed at 65.42

Buy above 10240 Tgt 10258,10280 and 10300 (Nifty Spot Levels)

Sell below 10210 Tgt 10185,10150 and 10120(Nifty Spot Levels)

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