Nifty ready for a big move,EOD Analysis

By | November 11, 2018

  • FII’s bought 7.1 K contract of Index Future worth 647 cores ,10.7 Long contract were added by FII’s and 1.9 K  Short contracts were added by FII’s. Net Open Interest increased  by 12.6  K contract, so fall in Nifty was used by FII’s to enter long and enter short in  Index futures.FII’s Long to Short Ratio at 0.61. Time Cycle Stock Scanner for 11-16 Nov
  • As Discussed in Last Analysis   Nifty bulls went above 10570 but failed to close above it but did not trigger shorts as close was above 10500, Today we will see a gap up opening and bulls need to close above 10600 for the up move to continue towards 10666/10712. else we can see a fall back to 10500.Bearish only on close below 10470 for a move back to 10410/10370. Nifty has been consolidating near gann angle and 13 Nov being an important time cycle date suggest we can see a good move as traders will return after Diwali Holidays. Bullish above 10610 for a move towards 10666/10712 Bearish below 10470 for a move back to 10410/10370.Important intraday time for reversal can be at 11:24/2:40.  Bank Nifty Ready for Big Move,EOD Analysis

 

 

  • Nifty Nov Future Open Interest Volume is at 2.37 core with addition of 0.98 Lakh with increase in  cost of carry suggesting short position were added today, NF Rollover cost @10243 closed above it and rallied 400 points

 

  • 10700 CE  is having Highest OI  at 26 Lakh, resistance at 10650 followed by 10700 .10200-10900 CE added 2.2 lakh in OI so bears  added position in range of 10600-10800. FII bought 11.3 K CE and 1.7  K shorted CE were covered by them. Retail bought 61.5  K CE and 63.1 K  shorted CE were covered by them.

 

  • 10500 PE OI@22.8  Lakhs having the highest OI strong support at 10500 followed by 10400 . 10000-10700 PE added 3.6 Lakh in OI so bulls added position in range 10300-10400 PE. FII sold 2.9 K PE and 18.9 K PE were shorted  by them. Retail bought 142 K PE and 111 K PE were shorted  by them.
  • Total Future & Option trading volume at1 4.15 Lakh core with total contract traded at 1.20 lakh , PCR @0.99

 

 

Buy above 10610 Tgt 10633,10666 and 10700 (Nifty Spot Levels)

Sell below 10540 Tgt 10510,10470 and 10430 (Nifty Spot Levels)

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

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

Leave a Reply