Nifty EOD Analysis as we approach Weekly Closing

By | October 11, 2018

  • FII’s sold 16.9 K contract of Index Future worth 1143 cores ,10.6 KLong contract were covered by FII’s and 6.3 K K Short contracts were added by FII’s. Net Open Interest decreased  by 4.2 K contract, so fall in Nifty was used by FII’s to exit long and enter short in  Index futures.FII’s Long to Short Ratio at 0.92.  Understanding Stock Market Crash
  • As Discussed in Last Analysis   High made today was 10482 so we got 72 points rally above 10410. Bulls need a close above 10482 for a move back to 10530/10570/10610. Bearish below 10410 for a move back to 10370/10333/10270. As market opened with gap down we updated our analysis on twitter during market hours we were able to capture some good moves both on upside and downside. Now Nifty needs to close above 10310 for a move back to 10370/10410. Bearish below 10170 for a move towards 10130/10090/10030.  Be cautious in last 1 hour of trading tomorrow. 14 Oct is very important Astrological date affect will be seen either tomorrow or Monday.Important intraday time for reversal can be at 10:25/1:32/2:39. Bank Nifty Bulls rallies 500 points on break of time cycle high,EOD Analysis

  • Nifty Oct Future Open Interest Volume is at 1.97 core with liquidation of 0.38 Lakh with increase in  cost of carry suggesting Short position were added today, NF Rollover cost @11075 closed below it.
  • 10500 CE  is having Highest OI  at 35.2 Lakh, resistance at 10500 followed by 10600 .10200-11000 CE added 40 lakh in OI so bears  added aggressive position in range of 10500-10600. FII bought 8.4 K CE and 20.2 K CE were shorted by them. Retail sold 59K CE and 46.1 K shorted  CE were covered by them.

 

  • 10000 PE OI@37.7 Lakhs having the highest OI strong support at 10300 followed by 10200 . 10000-10500 PE liquidated 20 Lakh in OI so bulls covered position in range 10400-10500 PE. FII sold 7.9 K PE and 12.8 K  shorted  PE were covered by them. Retail sold 46.1 K PE and 126 K shorted  PE were covered by them.
  • Total Future & Option trading volume at1 19.9 Lakh core with total contract traded at 2.6 lakh , PCR @0.89

 

  • FII’s sold 2869 cores  and DII’s bought 1888 cores in cash segment.INR closed at 74.11.

 

Buy above 10250 Tgt 10280,10330 and 10370 (Nifty Spot Levels)

Sell below 10200 Tgt 10170,10140 and 10090 (Nifty Spot Levels)

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4 thoughts on “Nifty EOD Analysis as we approach Weekly Closing

  1. Raj

    Bramesh Ji,

    Can you please check for FII data as NSE site shows they are net seller of 1000cr + in Index futures? Also heavy put buying.

  2. Basavaraj H

    Hi sir fii sold 46.6 k is this data correct others have given 8.4k added n other data too of discrepancy ,plz confirm sir

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