Nifty Bulls continue to rally higher Holding 10270,EOD Analysis

By | December 11, 2017

  • FII’s bought 2.2 K contract of Index Future worth 109 cores ,2.3 K Long contract were covered by FII’s and 4.5 K Short contracts were covered by FII’s. Net Open Interest decreased  by 6.9 K contract, so rise in market was used by FII’s to exit long and exit short in  Index futures. FII’s Long to Short Ratio at 1. The ‘formula’ for trading Success :Consistency

 

 

  • Nifty Dec Future Open Interest Volume is at 2.11 core with addition of 3 Lakh with increase in  cost of carry suggesting long position were added today, NF Rollover cost @10396 closed below it.
  • Total Future & Option trading volume at 3.33 Lakh core with total contract traded at 0.82 lakh , PCR @0.96
  • 10500 CE  is having Highest OI  at 53.2 Lakh, resistance at 10400 followed by 10500 .10100-10600 CE liquidated 14.5 Lakh in OI so bears covered major position  in range of 10300-10400 . FII bought 9.2 K CE and 5.5 K shorted CE were covered by them. Retail bought 5.2 K CE and 18.5 K CE were shorted by them.
  • 10000 PE OI@85.4 lakhs having the highest OI strong support at 10200 followed by 10100. 10000-10600 PE added 15.6 Lakh in OI so bulls added position in 10100-10200 PE. FII sold 4.4 K PE and 738 PE were shorted  by them. Retail bought 51.1 K PE and 44.4 K PE were shorted by them.
  • FII’s sold 185 cores  and DII’s bought 109 cores in cash segment.INR closed at 64.36

Buy above 10340 Tgt 10358,10387 and 10410 (Nifty Spot Levels)

Sell below 10310 Tgt 10295,10270 and 10245 (Nifty Spot Levels)

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3 thoughts on “Nifty Bulls continue to rally higher Holding 10270,EOD Analysis

  1. Bramesh Post author

    We take the trade in Future as and when prices comes on Nifty cash.

  2. Abhijeet

    Hello sir,
    I am a regular reader of your blog.
    I am confused between nifty spot and future prices. What I mean is you mention EOD levels of nifty spot. Buy above or Sell below with possible target. How I can follow them in future because there is 15-25 point difference in spot and future price.
    Also kindly let me know the course details of Gann angle technical analysis.
    Thank you

  3. Senthilkumar R

    Sir, I want to learn Gann tech …please help me and send me course details through my mail.

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