Nifty Analysis for RBI Policy

By | February 6, 2018

  • FII’s sold 20.5 K contract of Index Future worth 1638 cores ,2.9 K Long contract were covered by FII’s and 17.6 K Short contracts were added by FII’s. Net Open Interest increased  by 14.7 K contract, so fall in market was used by FII’s to exit long and enter short in  Index futures. FII’s Long to Short Ratio at 1.37. Global stock market turmoil:Nifty down 895 Points Post Budget

 

  • As Discussed in Last Analysis   Nifty made low today 10587 near 10610-620 near  the minor trend change date suggesting we have the price time squaring till today’s low is held, Bullish above 10680 for a move towards 10730/10800. Bearish below 10570 for a move towards 10512/10410.    Important intraday time for reversal can be at 10:01/2:23. Nifty opened gap down Also discussed in our Facebook page. Intraday as soon as it moved above 10424 did moved till 10570 and also closed above lower end of gann angle. As we have RBI Policy tommrow another volatile move coming Bullish above 10520 for a move towards 10570/10656. Bearish below 10470 for a move towards 10425/10378.   Important intraday time for reversal can be at 9:37/2:03.   Bank Nifty does Price Time Squaring,EOD Analysis

 

  • Nifty Feb Future Open Interest Volume is at 2.16 core with liquidation of 2.1 Lakh with increase in  cost of carry suggesting short position were closed today, NF Rollover cost @11048  closed below it and corrected 700 points

 

  • Total Future & Option trading volume at 9.44 Lakh core with total contract traded at 4.1 lakh , PCR @0.83

 

  • 10700 CE  is having Highest OI  at 26.9 Lakh, resistance at 10700 followed by 10900 .10500-11500 CE added 12.8 Lakh in OI so bears added position  in range of 11000-10800 so resistance at higher end. FII bought 7 K CE and 6 K  CE were shorted  by them. Retail sold 19.6 K CE and 21.6 K shorted CE were covered by them.

 

  • 10500 PE [email protected] lakhs having the highest OI strong support at 10300 followed by 10500 . 10500-11000 PE liquidated  58.3 Lakh in OI so bulls covered position in 10800-10700 PE. FII bought 50 K PE and 6 K PE were shorted by them. Retail sold 21.6 K PE and 4.2 K PE were shorted by them.

 

  • FII’s sold 2326 cores  and DII’s bought 1699 cores in cash segment.INR closed at 64.25

Buy above 10512 Tgt 10540,10570 and 10600 (Nifty Spot Levels)

Sell below 10480 Tgt 10460,10430 and 10400 (Nifty Spot Levels)

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