Nifty Bulls protect 10250, EOD Analysis

By | November 21, 2017

  • FII’s bought 2.4 K contract of Index Future worth 211 cores ,2.3 K Long contract were added by FII’s and  152 Short contracts were covered by FII’s. Net Open Interest increased  by 2.1 K contract, so rise in market was used by FII’s to enter long and exit short in  Index futures. FII’s Long to Short Ratio at 1. Are you Victim of Sleep Disorder?

 

  • As discussed in last analysis   Till Nifty is holding 10250 the upmove can continue till 10388/10430/10490/10560. Bearish below 10200 for a move towards 10100/10000. We have bounced 248 points in 2 days after price time squaring. Low made was 10261 so bulls protected 10250, upmove can continue till 10388/10430/10490/10560. Bearish below 10200 for a move towards 10100/10000. We have another important trend change date coming on 22 Nov Bank Nifty preparing base for another big move,EOD Analysis

 

  • Nifty Nov Future Open Interest Volume is at 2.31 core with addition of 0.66 Lakh with increase in  cost of carry suggesting long position were added today, NF Rollover cost @10280 closed above it.
  • Total Future & Option trading volume at 3.69 Lakh core with total contract traded at 0.65 lakh , PCR @0.90
  • 10500 CE  is having Highest OI  at 64 Lakh, resistance at 10500 followed by 10600 .10000-10500 CE added 7 Lakh in OI so bears added major  position  in range of 10400-10500 . FII bought 5.8 K CE and 678 CE were shorted by them. Retail bought 19.3 K CE and 26.4 K CE were shorted by them.
  • 10200 PE OI@52.9lakhs having the highest OI strong support at 10200 followed by 10150. 10000-10500 PE added 11.9 Lakh in OI so bulls added again in 10000-10200 PE as 10200 was held. FII bought 8.6 K PE and 2.6 K PE were shorted by them. Retail bought 30.1 K PE and 20.5 K PE were shorted by them.
  • FII’s sold 358 cores  and DII’s bought 613 cores in cash segment.INR closed at 65.09

Buy above 10300 Tgt 10325,10350 and 10373 (Nifty Spot Levels)

Sell below 10270 Tgt 10250,10222 and 10200 (Nifty Spot Levels)

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2 thoughts on “Nifty Bulls protect 10250, EOD Analysis

  1. Milind Waichal

    sir, your analysis is amazing, My each day starts with reading your analysis and keeping your suggested figures in mind…

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