- FII’s bought 13.1 K contract of Index Future worth 1153 cores 19.7 K Long contract were added by FII’s and 4.7 K Short contracts were added by FII’s. Net Open Interest increased by 24.4 K contract, so rise in Nifty was used by FII’s to enter long and enter short in Index futures.FII’s Long to Short Ratio at 0.94 . How To NOT Blow Up Your Trading Account
- As Discussed in Last Analysis Bullish above 10777 for a move back to 10816/10870/10923. Bearish below 10721 for a move back to 10685/10630. Low made today was 10777 , Bulls did 2 target on upside now bulls need to close above 10890 above gann angle to become bullish for the move towards 10923/10985/11040. Bears will become active below 10821 for a move back to 10777/10721. Important intraday time for reversal can be at 11:09/12:42/2:08. Tomorrow’s Movement Prediction Forecast Nifty Bank
- Nifty Jan Future Open Interest Volume is at 2.55 core with addition of 7.3 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @10788 closed above it.
- 11000 CE is having Highest OI at 40.5 Lakh, resistance at 10900 followed by 11000 .10400-11000 CE liquidated 22.5 lakh in OI so bears covered position in range of 10800-11000. FII bought 5.5 K CE and 1 K CE were shorted by them. Retail sold 74.6 K CE and 8.8 K shorted CE were covered by them
- 10500 PE OI@ 40.9 Lakhs having the highest OI strong support at 10700 followed by 10600 . 10500-11000 PE added 34 Lakh in OI so bulls added position in range 10700-10800 PE. FII bought 3.1 K PE and 3.7 K PE were shorted by them. Retail bought 137 K PE and 73.3 K PE were shorted by them.
- Total Future & Option trading volume at 6.13 Lakh core with total contract traded at 1.46 lakh , PCR @0.89
- FII’s bought 159 cores and DII’s bought 417 cores in cash segment.INR closed at 71.03 . USD INR Weekly Forecast for 14-18 Jan
- Nifty Futures Trend Deciding level is 10882 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 10842 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 10900 Tgt 10929,10950 and 10973 (Nifty Spot Levels)
Sell below 10850 Tgt 10821,10810 and 10777 (Nifty Spot Levels)
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