- FII’s sold 15.2 K contract of Index Future worth 1186 cores ,13.1 K Long contract were liquidated by FII’s and 2 K Short contracts were added by FII’s. Net Open Interest decreased by 11 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 1.13. Mastering Short-Term Trading
- As Discussed in Last Analysis Bulls need to hold range of 10570-600 for the up move to continue towards 10696/10740/10800 where gann angle resistance lies Bearish below 10550 for a move towards 10480/10400. Tomorrow is important trend change date. Low made today was 10612 so bulls again held the forte at 10600, gann angle, closed above fresh life closing high, Now we are waiting for target of 10696/10740/10800.Bearish below 10570 for a move towards 10520/10450. Bank Nifty ready for Big move,EOD Analysis
- Nifty Jan Future Open Interest Volume is at 2.85 core with addition of 0.51 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @10545 closed above it.
- Total Future & Option trading volume at 10.2 Lakh core with total contract traded at 0.97 lakh , PCR @0.90
- 10700 CE is having Highest OI at 40.9 Lakh, resistance at 10700 followed by 10800 .10300-10800 CE liquidated 10 Lakh in OI so bears covered major position in range of 10600-10700 . FII bought 5.4 K CE and 7.8 K shorted CE were covered by them. Retail sold 109 K CE and 73 K shorted CE were covered by them.
- 10500 PE OI@82 lakhs having the highest OI strong support at 10500 followed by 10400 . 10300-10800 PE added 20 Lakh in OI so bulls added position in 10500-10400 PE, making strong base at 10500. FII bought 4.5 K PE and 28.9 K PE were shorted by them. Retail sold 25.7 K PE and 55.3 K shorted PE were covered by them.
- FII’s sold 623 cores and DII’s bought 770 cores in cash segment.INR closed at 63.66
- Nifty Futures Trend Deciding level is 10649 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 10561. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 10675 Tgt 10693,10720 and 10750 (Nifty Spot Levels)
Sell below 10635 Tgt 10620,10590 and 10570(Nifty Spot Levels)
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