- 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 [email protected] 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
- Nifty Futures Trend Deciding level is 10269 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 10190. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 10270 Tgt 10292,10320 and 10350 (Nifty Spot Levels)
Sell below 10240 Tgt 10220,10191 and 10161 (Nifty Spot Levels)
Follow on Facebook https://www.facebook.com/Brameshs-Tech-14011718268586
Follow on Twitter:https://twitter.com/brahmesh