Nifty Bulls hold to range of 10570-600, EOD Analysis

By | January 10, 2018

  • FII’s sold 3 K contract of Index Future worth 241 cores ,2.1 K Long contract were liquidated by FII’s and 893 Short contracts were added by FII’s. Net Open Interest increased  by 8.8 K contract, so rise in market was used by FII’s to enter long and enter short in  Index futures. FII’s Long to Short Ratio at 1.3. Mastering Short-Term Trading

 

  • As Discussed in Last Analysis  Till Bulls are holding 10570 we can rally all the way till 10800-10814 by January end.  Bearish below 10550 for a move towards 10480/10400. Low made today was 10592 so range of 10570-600 is held. 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.   Bank Nifty Bulls hold on to 25500 ,EOD Analysis

 

  • Nifty Jan Future Open Interest Volume is at 2.84 core with addition of 9.3 Lakh with decrease in  cost of carry suggesting short position were added today, NF Rollover cost @10545 closed above it.

 

  • Total Future & Option trading volume at 5.9 Lakh core with total contract traded at 0.94 lakh , PCR @0.87

 

  • 10700 CE  is having Highest OI  at 45.6 Lakh, resistance at 10700 followed by 10800 .10300-10800 CE added 7.4Lakh in OI so bears added major position  in range of 10600-10700 . FII bought 2.2 K CE and 2.9 K CE were shorted by them. Retail bought 56.4K CE and 41 K CE were shorted by them.

 

  • 10500 PE OI@75.4 lakhs having the highest OI strong support at 10500 followed by 10400 . 10300-10800 PE added 13.4 Lakh in OI so bulls added position in 10500-10400 PE. FII bought 8.6 K PE and 8.5 K PE were shorted by them. Retail bought 14.3 K PE and 15.5 K PE were shorted by them.

 

  • FII’s sold 572 cores  and DII’s bought 600 cores in cash segment.INR closed at 63.54

Buy above 10645 Tgt 10662,10688 and 10710 (Nifty Spot Levels)

Sell below 10625 Tgt 10607,10590 and 10570(Nifty Spot Levels)

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