Nifty continue to rally holding time cycle low,EOD Analysis

By | February 26, 2018

  • FII’s bought 12.5 K contract of Index Future worth 1036 cores ,12.8 K Long contract were added by FII’s and 291Short contracts were added by FII’s. Net Open Interest increased  by 13.1 K contract, so rise in market was used by FII’s to enter  long and exit short in  Index futures.  FII’s Long to Short Ratio at 1.03 .How to stay grounded in Trading.

 

  • As Discussed in Last Analysis   Low made today was 10396 and as soon as 10410 was broken big move came as we expected and did almost 2 target. Now bulls need a close above 10512 for the uptrend to continue towards 10555/10600. Bearish only below 10410 for a move back towards 10350/10270. Low made today was 10520 and we did all target till 10600.We were able to capture 200 points from the time cycle low.  We are in crucial supply zone of 10600-10630 zone, Bulls need a close above 10610 for a move back towards 10656/10730. Bearish below 10550 for a move back towards 10512/10450. Important intraday time for reversal can be at 10:20/2:02.  Bank Nifty does 700 points rally after doing price time squaring

 

  • Nifty March Future Open Interest Volume is at 2.02 core with addition of 5.8 Lakh with decrease in  cost of carry suggesting Long position were closed today, NF Rollover cost @10395,Low made was 20386 and bounced 200 points.
  • Total Future & Option trading volume at 4.29 Lakh core with total contract traded at 0.98 lakh , PCR @0.94
  • 10700 CE  is having Highest OI  at 26.3 Lakh, resistance at 10700 followed by 10900 .10000-10700 CE added 0.19 Lakh in OI so bears added position  in range of 10600-10800. FII bought 5.3 K CE and 1.1 K CE were shorted  by them. Retail bought 36.5 K CE and 28.5 K CE were shorted by them.

 

  • 10400 PE [email protected] lakhs having the highest OI strong support at 10400 followed by 10300 . 10300-10700 PE added 19.9 Lakh in OI so bulls added major position in 10300-10400 PE. FII bought 16.9 K PE and 5.8 K PE were shorted  by them. Retail bought 73.7 K PE and 55.2 K PE were shorted by them.

 

  • FII’s sold 1119 cores  and DII’s bought 1409 cores in cash segment.INR closed at 64.79

 

Buy above 10593 Tgt 10610,10635 and 10666 (Nifty Spot Levels)

Sell below 10570 Tgt 10550,10535 and 10500 (Nifty Spot Levels)

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