- As Discussed in Last Analysis As we have expiry tomorrow Bulls need a close above 10750 for a move towards 10822/10877. Bearish below 10699 for a move towards 10666/10636/10578. Nifty unable to break the gann angle resistance as in below chart, Now Bears will get active below 10725 for a move towards 10666/10610. Bulls will get active above 10810 for a move towards 10882/10940. Important intraday time for reversal can be at 10/11:28/2:28. Bank Nifty Jan Expiry Analysis
- Nifty Jan Future Open Interest Volume is at 2.18 core with addition of 44 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @10788 closed below it.
- Total Future & Option trading volume at 21.62 Lakh core with total contract traded at 1.80 lakh , PCR @0.85
- FII’s bought 1731 cores and DII’s sold 663 cores in cash segment.INR closed at 70.35. Indian Rupee Weekly Forecast for 24-28 Dec
- Nifty Futures Trend Deciding level is 10831 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 10831 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 10790 Tgt 10810,10835 and 10860 (Nifty Spot Levels)
Sell below 10750 Tgt 10721,10700 and 10682(Nifty Spot Levels)
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