Nifty fall 225 points below time cycle low,EOD Analysis

By | December 6, 2018

  • FII’s sold 22.2 K contract of Index Future worth 1722 cores ,999  Long contract were covered by FII’s and 21.2 K Short contracts were added by FII’s. Net Open Interest increased  by 20.2 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 0.84. Stock Market and State Elections Part -II
  • As Discussed in Last Analysis  High made today was 10821 so bears were in front foot from start of the day and did the 1 target of 10777 and now waiting for 10721/10666. Bulls will get active above 10830 for a move back to 10890/10930. Nifty did all our target on downside and took support at gann angle as shown below, Now Bulls need to move above 10648 for a move back to 10690/10730/10800. Bearish below 10570 for a move back to 10512/10470/10410. Exit Polls result will be announced tomorrow evening so better not to carry position overnight as we are going to see lot of volatility in next 2 trading session, Important intraday time for reversal can be at 10:24/2:35. Bank Nifty does a perfect Gann Angle Trade

 

 

  • Nifty Dec Future Open Interest Volume is at 2.13 core with addition of 10.6 Lakh with  decrease in  cost of carry suggesting short position were added today, NF Rollover cost @10727 closed below it and corrected 150 points.
  • 11000 CE  is having Highest OI  at 40.9 Lakh, resistance at 10800 followed by 11000 .10400-11000 CE added 38 lakh in OI so bears  added position in range of 10600-10800. FII sold 9.5 K CE and 6.9 K CE were  shorted by them. Retail sold 293 K CE and 182 K  shorted   CE were covered by them.

 

  • 10500 PE OI@30.5 Lakhs having the highest OI strong support at 10550 followed by 10500 . 10000-10700 PE added 4.1 Lakh in OI so bulls added position in range 10400-10500 PE. FII bought 9.9 K PE and 5.6  K shorted  PE were covered  by them. Retail sold 210 K PE and 145 K shorted  PE were covered by them.

 

  • Total Future & Option trading volume at1 18.78 Lakh core with total contract traded at 1.5 lakh , PCR @0.82

 

 

Buy above 10640 Tgt 10666,10686  and 10710 (Nifty Spot Levels)

Sell below 10588 Tgt 10560,10525 and 10510 (Nifty Spot Levels)

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