Nifty forms Inside Bar,EOD Analysis

By | December 15, 2018
  • FII’s bought 4.2 K contract of Index Future worth 249 cores 4.1 K Long contract were added by FII’s and 117 Short contracts were covered by FII’s. Net Open Interest increased  by 4 K contract, so rise in Nifty was used by FII’s to enter  long and exit short in  Index futures.FII’s Long to Short Ratio at 0.92 .Is Your Trading Brain Not letting you Succeed in Trading ?
  • As Discussed in Last Analysis Nifty Bulls failed to close above 10800 and formed a doji on time cycle date suggesting break of today high or low can easily give 75-100  points. Bears will get active below 10743 for a move towards 10700/10656. Bulls will get active above 10816 for a move towards 10882/10941. Nifty traded within the range formed inside bar pattern and did not break high or low of time cycle and went to 2 day of consolidation suggesting we should get a big move in next 2 days as 17 Dec is again very important time cycle date. Plan remains the same.Bears will get active below 10743 for a move towards 10700/10656. Bulls will get active above 10816 for a move towards 10882/10941. Important intraday time for reversal can be at 11:25/2:39.  Bank Nifty ready for Big move ,EOD Analysis
  • Nifty Dec Future Open Interest Volume is at 2.10 core with liquidation of 5.3 Lakh with  decrease in  cost of carry suggesting long position were closed today, NF Rollover cost @10727 closed above  it.
  • 11000 CE  is having Highest OI  at 50.4 Lakh, resistance at 10900 followed by 11000 .10400-11000 CE added 1 lakh in OI so bears  added position in range of 10800-11000. FII bought 3.7 K CE and 4 K CE were shorted by them. Retail bought 59.5 K CE and 65.4 K CE were shorted by them.
  • 10500 PE OI@ 40.2 Lakhs having the highest OI strong support at 10600 followed by 10500 . 10500-11000 PE added 11 Lakh in OI so bulls added position in range 10400-10500 PE. FII bought 16.4 K PE and 4 K PE were shorted by them. Retail bought 90 K PE and 69.9 K PE were shorted by them.
  • Total Future & Option trading volume at1 4.80 Lakh core with total contract traded at 2.4  lakh , PCR @1.05

Buy above 10816 Tgt 10830,10852 and 10883 (Nifty Spot Levels)

Sell below 10777 Tgt 10750,10721 and 10700 (Nifty Spot Levels)

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