Nifty continue to rally holding time cycle low,EOD Analysis

By | November 27, 2018

  • FII’s sold 11.2  K contract of Index Future worth 704 cores ,10.7  K Long contract were covered by FII’s and 484 Short contracts were added by FII’s. Net Open Interest decreased  by 10 K contract, so rise in Nifty was used by FII’s to exit long and enter short in  Index futures.FII’s Long to Short Ratio at 0.73. Stress Relieving Exercise for Traders
  • As Discussed in Last Analysis Bear got stopped out, and bulls did rally above 10600 and waiting for target of 10666/10712 as we also did price time squaring today . As today was important time cycle date so till we are holding 10489 bulls will have upper hand for the week. 10666 done now waiting for the target for 10730/10800. Bearish below 10592 for a move towards 10530/10470.Important intraday time for reversal can be at 09:50/2:43. Bank Nifty EOD Analysis for 28 Nov

 

 

  • Nifty Nov Future Open Interest Volume is at 1.82 core with liquidation of 4 Lakh with decrease in  cost of carry suggesting long position were closed today, NF Rollover cost @10243 closed above it and rallied 400 points

 

  • 10700 CE  is having Highest OI  at26.3 Lakh, resistance at 10700 followed by 10800 .10200-10900 CE liquidated 19 lakh in OI so bears  covered position in range of 10600-10800. FII sold 14.2 K CE and 9 K shorted CE were  covered by them. Retail bought 20.6 K CE and 15.7 K  CE were shorted  by them.

 

  • 10500 PE OI@38.3 Lakhs having the highest OI strong support at 10500 followed by 10400 . 10000-10700 PE added 13Lakh in OI so bulls added position in range 10400-10500 PE. FII sold 9.2  K PE and 4.2 K shorted  PE were covered by them. Retail bought 68.8  K PE and 42.3 K PE were shorted  by them.
  • Total Future & Option trading volume at1 9.99 Lakh core with total contract traded at 2 lakh , PCR @0.99

 

 

Buy above 10700 Tgt 10720,10757 and 10800 (Nifty Spot Levels)

Sell below 10650 Tgt 10630,10610 and 10570 (Nifty Spot Levels)

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