Nifty rallies 170 points after doing price time squaring,EOD Analysis

By | December 9, 2017

  • FII’s sold 7 K contract of Index Future worth 744 cores ,1 K Long contract were covered by FII’s and 6 K Short contracts were added by FII’s. Net Open Interest increased  by 4.9 K contract, so rise in market was used by FII’s to exit long and enter short in  Index futures. FII’s Long to Short Ratio at 1. The ‘formula’ for trading Success :Consistency

 

  • As discussed in last analysis Till we are holding 10130 heading 10230/10300. Bearish below 10070, We saw the effect of Price time squaring today. Next important time cycle date is 12 Dec. High made today was 10270 so bulls did the 1 target of 10230 above 10100. Now Bulls need a close above 10273 for next leg of up move towards 10377/10490. Bearish below 10200 for a move back to 10100/10030.  Bank Nifty Bulls gave bounce back holding 24800,EOD Analysis

 

  • Nifty Dec Future Open Interest Volume is at 2.08 core with addition of 5.2 Lakh with decrease in  cost of carry suggesting short position were added today, NF Rollover cost @10396 closed below it.
  • Total Future & Option trading volume at 3.71 Lakh core with total contract traded at 1.15 lakh , PCR @0.88
  • 10500 CE  is having Highest OI  at 56.2 Lakh, resistance at 10400 followed by 10500 .10100-10600 CE liquidated 23.8 Lakh in OI so bears covered major position  in range of 10300-10400 . FII bought 18.8 K CE and 13.3 K shorted CE were covered by them. Retail sold 35 K CE and 11.2 K CE were shorted by them.
  • 10000 PE OI@86.8 lakhs having the highest OI strong support at 10200 followed by 10100. 10000-10600 PE added 15.8 Lakh in OI so bulls added position in 10100-10000 PE. FII bought 8.1 K PE and 12.7 K PE were shorted  by them. Retail bought 79.8 K PE and 36.3 K PE were shorted by them.
  • FII’s sold 675 cores  and DII’s bought 1243 cores in cash segment.INR closed at 64.46

Buy above 10270 Tgt 10292,10320 and 10350 (Nifty Spot Levels)

Sell below 10240 Tgt 10220,10191 and 10161 (Nifty Spot Levels)

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