Nifty EOD Analysis for 06 Nov

By | November 6, 2018

  • FII’s sold 5.7 K contract of Index Future worth 481 cores ,1.4 K Long contract were added by FII’s and 7.2 K  Short contracts were added by FII’s. Net Open Interest increased  by 8.7  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 0.56. Nifty Astrological Analysis
  • As Discussed in Last Analysis  All Bullish target done with price moving a perfectly from 1 gann angle to another gann angle and extended target on twitter also done. Nifty Bulls now need a close above 10610 for the move towards 10666/10720/10800. Bearish below 10500 for a move back to 10450/10370. Low made was 10477 so  bears break 10500 but got whipsawed as failed to do target of 10450 and closed above 10500 suggesting bulls have upperhand, as yesterday  important time cycle date break of 10570 can see up move of 100-150  point easily towards 10650/10720/10777 and break of 10470  can see movement of 75-100 points towards 10410/10350/10300.Important intraday time for reversal can be at 12:32/1:52. Bank Nifty does Squaring of Space,EOD Analysis

 

 

  • Nifty Nov Future Open Interest Volume is at 2.37 core with addition of 1.6 Lakh with increase in  cost of carry suggesting long position were added today, NF Rollover cost @10243 closed above it and rallied 400 points

 

  • 10700 CE  is having Highest OI  at 21.1 Lakh, resistance at 10650 followed by 10700 .10000-10500 CE liquidated 0.17 lakh in OI so bears  covered position in range of 10400-10500. FII bought 7.2 K CE and 1  K shorted CE were covered  by them. Retail bought 79.8 K CE and 54.3 K CE were shorted by them.

 

  • 10000 PE OI@49.5  Lakhs having the highest OI strong support at 10400 followed by 10300 . 10000-10700 PE liquidated 0.24 Lakh in OI so bulls covered position in range 10300-10400 PE. FII bought 25.7 K PE and 408 shorted  PE were covered by them. Retail bought 65.3 K PE and 65.8K PE were shorted  by them.
  • Total Future & Option trading volume at1 6.91 Lakh core with total contract traded at 1.13 lakh , PCR @0.90

 

 

Buy above 10565 Tgt 10590,10620 and 10644 (Nifty Spot Levels)

Sell below 10518 Tgt 10500,10470 and 10440 (Nifty Spot Levels)

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