Nifty fall 230 Points below Time Cycle Low

By | December 25, 2018

  • FII’s b3ought 3.6 K contract of Index Future worth 205 cores 2.6 K Long contract were liquidated by FII’s and 6.3 K Short contracts were liquidated by FII’s. Net Open Interest decreased  by 9 K contract, so fall in Nifty was used by FII’s to exit long and exit  short in  Index futures.FII’s Long to Short Ratio at 0.88 .Worst enemy of trader?
  • As Discussed in Last Analysis  Nifty was not able to discuss time cycle high of 20 Dec as discussed in video Now bears need to break 10730 for a move towards 10656/10610. Bullish above 10800 for a move towards 10840/10880/10941. High made was 10782 and below 10730 did our 1 target 10656 and would do 10610 tomorrow looking at sgx nifty.  Now bears need to break 10570 for a move towards the support zone of 10525-10512. Bulls will get active only above 10730 for a move towards 10800/10888. Important intraday time for reversal can be at 9:32/2:21. Bank Nifty fall 350 points below 27000

  • Nifty Dec Future Open Interest Volume is at 1.50 core with liquidation of 7 Lakh with  decrease in  cost of carry suggesting short position were added today, NF Rollover cost @10727 closed below it.
  • 10800 CE  is having Highest OI  at 31.3 Lakh, resistance at 10800 followed by 10900 .10400-11000 CE added 23.6 lakh in OI so bears  added position in range of 10800-11000. FII sold 2.2 K CE and 6.4 K shorted CE were covered by them. Retail bought 72.3 K CE and 32.6 K  CE were shorted by them.
  • 10500 PE OI@ 32 Lakhs having the highest OI strong support at 10500 followed by 10600 . 10500-11000 PE liquidated 13.7  Lakh in OI so bulls covered position in range 10700-10800 PE. FII bought 23.2 K PE and 2.5 K shorted PE were covered  by them. Retail bought 9.1 K CE and 32.6 K PE were shorted by them.
  • Total Future & Option trading volume at1 9.38  Lakh core with total contract traded at 1.90  lakh , PCR @0.97

Buy above 10670 Tgt 10698,10721 and 10743 (Nifty Spot Levels)

Sell below 10610 Tgt 10585,10565 and 10540 (Nifty Spot Levels)

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