Nifty starts correction from Gann Angle,EOD Analysis

By | November 13, 2018

  • FII’s bought 283  contract of Index Future worth 168 cores ,6.1 K Long contract were added by FII’s and 5.8 K  Short contracts were added by FII’s. Net Open Interest increased  by 12  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 0.62. Time Cycle Stock Scanner for 11-16 Nov
  • As Discussed in Last Analysis  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. Nifty failed to close above 10600 again as 13 Nov imp date so below 10470 can see fall towards 10410/10370. Bull need to close above 10525 for a move back to 10570/10610.Important intraday time for reversal can be at 12:13/2:23.  Bank Nifty Ready for Big Move,EOD Analysis

 

 

  • Nifty Nov Future Open Interest Volume is at 2.42 core with addition of 5.3 Lakh with decrease 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 sold 4.3 K CE and 4.7  K CE were
  • shorted by them. Retail bought 159  K CE and 89.8 K  CE were shorted  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 bought 13.2 K PE and 806 PE were shorted  by them. Retail sold 39.1 K PE and 9.1 K shorted  PE were covered by them.
  • Total Future & Option trading volume at1 5.71 Lakh core with total contract traded at 1.20 lakh , PCR @1.09

 

 

Buy above 10533 Tgt 10570,10595 and 10635 (Nifty Spot Levels)

Sell below 10450 Tgt 10420,10385 and 10350 (Nifty Spot Levels)

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