Nifty continue to rally above gann angle,EOD Analysis

By | November 20, 2018

  • FII’s bought 9.8  K contract of Index Future worth 860 cores ,10.8 K Long contract were added by FII’s and 1 K  Short contracts were added by FII’s. Net Open Interest increased  by 11.8 K contract, so rise in Nifty was used by FII’s to enter long and enter short in  Index futures.FII’s Long to Short Ratio at 0.68. Time Cycle Stock Scanner for 11-16 Nov
  • Nifty closed above the gann angle has been rallying on continues basis,Now Bulls need to protect 10712 for the rally to continue till 10830/10888/10850. Bearish below 10680 for a move back to 10610/10555 Important intraday time for reversal can be at 10:12/2:24. Bank Nifty continue to rally above gann angle,EOD Analysis

 

 

  • Nifty Nov Future Open Interest Volume is at 2.47 core with addition of 5.27Lakh with increase in  cost of carry suggesting long position were closed today, NF Rollover cost @10243 closed above it and rallied 400 points

 

  • 10800 CE  is having Highest OI  at 30.5 Lakh, resistance at 10700 followed by 10800 .10200-10900 CE liquidated 1 lakh in OI so bears  covered position in range of 10600-10800. FII bought 2.5 K CE and 443 CE were  covered by them. Retail sold 168  K CE and 117 K shorted  CE were covered  by them.

 

  • 10500 PE OI@26.3  Lakhs having the highest OI strong support at 10500 followed by 10400 . 10000-10700 PE added 12.1 Lakh in OI so bulls added position in range 10400-10500 PE. FII sold 8.8  K PE and 1.9 K PE were shorted  by them. Retail sold 152 K PE and 117 K shorted  PE were covered by them.
  • Total Future & Option trading volume at1 5.65 Lakh core with total contract traded at 1.01 lakh , PCR @1.18

 

 

Buy above 10745 Tgt 10766,10795 and 10812 (Nifty Spot Levels)

Sell below 10700 Tgt 10675,10655 and 10630 (Nifty Spot Levels)

Follow on Facebook https://www.facebook.com/Brameshs-Tech-14011718268586

Follow on Twitter:https://twitter.com/brahmesh

Leave a Reply