Nifty forms Doji before Trend Change Date,EOD Analysis

By | November 21, 2017

  • FII’s bought 9.7 K contract of Index Future worth 878 cores ,1.7 K Long contract were added by FII’s and 8 K Short contracts were covered by FII’s. Net Open Interest decreased  by 6.2 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    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.  High made was 10358  and Low made was 10315  so bulls continue to move higher as tommrow is trend change date so bulls need a close above 10325 for a move towards 10388/10430/10490/10560. Bearish only below 10270 for a move towards 10200/10130/10090.  Will Bank Nifty Bulls close above 25776 on Trend Change Date

 

  • Nifty Nov Future Open Interest Volume is at 2.21 core with liquidation of 9.5 Lakh with increase in  cost of carry suggesting short position were added today, NF Rollover cost @10280 closed above it.
  • Total Future & Option trading volume at 4.95  Lakh core with total contract traded at 0.87 lakh , PCR @1.04
  • 10500 CE  is having Highest OI  at 61.6 Lakh, resistance at 10500 followed by 10600 .10000-10500 CE liquidated 15.8 Lakh in OI so bears covered major  position  in range of 10400-10500 . FII bought 1.9 K CE and 3.8 K CE were shorted by them. Retail bought 53 K CE and 45.4 K CE were shorted by them.
  • 10300 PE OI@53.9 lakhs having the highest OI strong support at 10300 followed by 10200. 10000-10500 PE added 8.2 Lakh in OI so bulls added again in 10100-10300 PE as 10250 was held. FII bought 11.6 K PE and 8.4 K PE were shorted by them. Retail bought 75.9 K PE and 48 K PE were shorted by them.
  • FII’s sold 727 cores  and DII’s bought 825 cores in cash segment.INR closed at 64.89

Buy above 10335 Tgt 10352,10375 and 10395 (Nifty Spot Levels)

Sell below 10300 Tgt 10270,10252 and 10220 (Nifty Spot Levels)

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3 thoughts on “Nifty forms Doji before Trend Change Date,EOD Analysis

  1. Hemachandiran

    Sir, you mentioned bulls need to close above 10325 for the big move to continue tomorrow. Nifty closed @ 10342. Therefore could we expect big move on the upside tomorrow ? Also whoever holding long position today will they have a very good profit tomorrow and in coming days ?

  2. Parveen

    Sir, as trend is up now and u r saying 22 november is trend chage date. It means downside as trend is up. Is it also possible trend chage is move higher. Pl clarify

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