Nifty does 180 points rally in 2 days from time cycle low,EOD Analysis

By | January 15, 2018

  • FII’s sold 6 K contract of Index Future worth 554 cores ,6 K Long contract were added by FII’s and 12.1 K Short contracts were added by FII’s. Net Open Interest increased  by 18.1 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 1.07, approaching the lower end. Why Swing Trading Is Favorable For Beginner Traders?

 

  • 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  Low made today was 10597 so bulls again held the forte at 10600, gann angle, closed above fresh life closing high, High made today was 10690  so we almost did our target of 10696. Now we are waiting for target of  10740/10800. Time cycle again helped in buying near 10600 even thought nifty was getting panicky. Nifty bulls did high of 10782 near our target of 10800, So we were able to capture clean move from 10600-10782, Now today was an important time cycle date after 03 Jan so high and low of today is very important as high was made near the gann angle as shown below.  Bulls needs to hold the range of 10710-730 for the upmove to continue towards 10820/10890. Bearish below 10690 for a move back towards 10620-10570.   Bank Nifty does life high holding time cycle low,EOD Analysis

 

  • Nifty Jan Future Open Interest Volume is at 2.97 core with addition of 10 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 5.79 Lakh core with total contract traded at 1.09 lakh , PCR @1.10

 

  • 10800 CE  is having Highest OI  at 44.9 Lakh, resistance at 10800 followed by 11000 .10500-11000 CE added 1.65 Lakh in OI so bears added major position  in range of 10900-11000 . FII bought 31.9 K CE and 4.4 K CE were shorted by them. Retail bought 10.2 K CE and 17.7 K CE were shorted by them.

 

  • 10500 PE OI@82.2 lakhs having the highest OI strong support at 10500 followed by 10400 . 10500-11000 PE added 54Lakh in OI so bulls added position in 10500-10600 PE, making strong base at 10500. FII sold 6.8 K PE and 24.2 K PE were shorted by them. Retail bought 139 K PE and 79.9 K PE were shorted by them.

 

  • FII’s bought 32 cores  and DII’s sold 173 cores in cash segment.INR closed at 63.48

Buy above 10750 Tgt 10778,10800 and 10815 (Nifty Spot Levels)

Sell below 10730 Tgt 10710,10680 and 10650(Nifty Spot Levels)

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