Nifty Bears does 10310 below 10410,EOD Analysis

By | February 19, 2018

  • FII’s sold 13.6 K contract of Index Future worth 1153 cores ,5 K Long contract were covered by FII’s and 8.6 K Short contracts were added by FII’s. Net Open Interest increased  by 3.5K 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 0.78 .“Piano Lessons” for life

 

  • As Discussed in Last Analysis   Important time cycle turn dates are coming on 18-19 Feb. Bulls need to hold 10410-10425 range gann angle support for a move towards 10512/10556/10620.  Below 10410 we can see fast down move towards 10370/10320. As soon as 10410 was broken we saw fast fall towards 10320. Bulls need a close above 10410 for the up move to resume  towards 10468/10512/10555. Bearish below 10350 for a move towards 10300/10250. Break of 10224 can see fast move down towards 10100. Important intraday time for reversal can be at 10:16/1:39. Bank Nifty Technical Update for 20 Feb

 

  • Nifty Feb Future Open Interest Volume is at 2.17 core with liquidation of 13.2 Lakh with decrease in  cost of carry suggesting short position were added today, NF Rollover cost @11048  closed below it and corrected 700 points

 

  • Total Future & Option trading volume at 8.68 Lakh core with total contract traded at 2.18 lakh , PCR @0.86

 

  • 10500 CE  is having Highest OI  at 46.7 Lakh, resistance at 10400 followed by 10500 .10000-10600 CE added 39.8 Lakh in OI so bears added position  in range of 10400-10500 strong resistance at higher end. FII sold 18.2 K CE and 11.9 K CE were shorted  by them. Retail bought 50.1 K CE and 4.4 K CE were shorted by them.

 

  • 10300 PE OI@45.7 lakhs having the highest OI strong support at 10300 followed by 10400 . 10000-10500 PE added 1 Lakh in OI so bulls added minor position in 10300-10400 PE. FII bought 2.4 K PE and 2.1 K shorted  PE were covered by them. Retail bought 8 K PE and 3.2 K PE were shorted by them.

 

  • FII’s sold 895 cores  and DII’s bought 586 cores in cash segment.INR closed at 64.21

Buy above 10390 Tgt 10410,10444 and 10477 (Nifty Spot Levels)

Sell below 10360 Tgt 10340,10316 and 10290 (Nifty Spot Levels)

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