Nifty falls 100 points below 10843,EOD Analysis

FII’s sold 10.7 K contract of Index Future worth 817 cores 3.9 K Long contract were added by FII’s and 19.5 K Short contracts were added by FII’s. Net Open Interest increased by 28.3 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 0.99 . How Much Money Do You Really Need To Trade For A Living

As Discussed in Last Analysis Bulls were able to close above 10890 now waiting for target of 10935/10977/ 11045/11100. Bears will get active below 10843 for a move towards 10800/10743. Low made was 10735 so bears did a 100 pointer below 10843, Bears also closed below 10800, we are at a crucial juncture for next 2 days, Bulls will become active only above 10830 for a move towards 10882/10935/10977/11010. Bears will become active below 10725 for a move back to 10666/10610. Important intraday time for reversal can be at 10:08/12:01/3:02. Bank Nifty Ready for Big Move,EOD Analysis

Nifty Jan Future Open Interest Volume is at 2.41 core with addition of 8 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @10788 closed above it.

11000 CE is having Highest OI at 30.8 Lakh, resistance at 10900 followed by 11000 .10400-11000 CE added 11.6 lakh in OI so bears added position in range of 10800-11000. FII bought 6.3 K CE and 5.6 K CE were shorted by them. Retail bought 217 K CE and 112 K CE were shorted by them.

10500 PE OI@ 40.7 Lakhs having the highest OI strong support at 10600 followed by 10500 . 10500-11000 PE added 4.7 Lakh in OI so bulls added position in range 10700-10800 PE. FII bought 16.6 K PE and 15.5 K PE were shorted by them. Retail sold 11.6 K PE and 13.6 K PE were shorted by them.

Total Future & Option trading volume at 11.39 Lakh core with total contract traded at 1.92 lakh , PCR @0.87

FII’s sold 621 cores and DII’s sold 226 cores in cash segment.INR closed at 70.16. USD INR Weekly Forecast

Nifty Futures Trend Deciding level is 10847 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 10883 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy above 10816 Tgt 10843,10877 and 10925 (Nifty Spot Levels)