Nifty falls from Supply Zone,EOD Analysis

By | October 18, 2018

  • FII’s bought 12.1 K contract of Index Future worth 1076 cores ,3.6 K Long contract were added by FII’s and 8.5 K Short contracts were covered by FII’s. Net Open Interest decreased  by 4.8 K contract, so fall in Nifty was used by FII’s to enter  long and exit short in  Index futures.FII’s Long to Short Ratio at 0.50. DivA Software for Fundamental Analysis for All Companies of BSE and NSE
  • As Discussed in Last Analysis   As have been discussing 10600-10610 is important supply zone and close above it we can see rally to continue towards 10656/10730/10800. Bearish below 10510 for a move back to 10470/10410. Tomorrow another important time cycle date. Nifty opened with gap up but as soon as 10510 broken made low of 10435 nears our level, We have updated on Twitter also   Nifty worked as per our expectation and reacted from gann angle. Time Analysis also helped us to gain upper hand. Now Bulls need to close above 10470 for a move back 10525/10570/10610. Bearish below 10400 for a move back to 10333/10250/10200/10138/10090. Important intraday time for reversal can be at 9:41/12:13/2:45. Bank Nifty does a perfect move from 25366-25700,EOD Analysis

  • Nifty Oct Future Open Interest Volume is at 2 core with liquidation of 3 Lakh with decrease in  cost of carry suggesting Short position were closed today, NF Rollover cost @11075 closed below it.
  • 10700 CE  is having Highest OI  at 38.5 Lakh, resistance at 10600 followed by 10700 .10200-11000 CE added 36  lakh in OI so bears  added position in range of 10500-10600. FII sold 13 K CE and 6.9 K shorted CE were covered by them. Retail bought 3.8 K CE and 24.9 K shorted  CE were covered by them.

 

  • 10400 PE OI@25.7  Lakhs having the highest OI strong support at 10400 followed by 10300 . 10000-10700 PE liquidated 14 Lakh in OI so bulls covered position in range 10400-10500 PE. FII sold 7.1 K PE and 16.3 K shorted   PE were covered by them. Retail sold 157 K PE and 109 K shorted  PE were covered by them.
  • Total Future & Option trading volume at1 20.89 Lakh core with total contract traded at 1.22 lakh , PCR @0.89

 

 

Buy above 10470 Tgt 10500,10525 and 10555 (Nifty Spot Levels)

Sell below 10400 Tgt 10360,10320 and 10270 (Nifty Spot Levels)

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