Nifty Close above Gann Angle,EOD Analysis

By | January 9, 2019

  • FII’s bought 3.7 K contract of Index Future worth 460 cores 6.2 K Long contract were added by FII’s and 2.5 K Short contracts were added by FII’s. Net Open Interest increased  by 8.8 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 . Qualities Every Trader must have
  • As Discussed in Last Analysis As we have been discussing 10816-10838  is important supply zone bulls need to close above this range for a move back to 10882 /10933. Bears will get active below 10720 for a move back to 10666/10610. High made today was 10870 and bulls were able to close above Supply zone of 10838,suggesting we heading towards 10882 /10933.Bears will get active below 10750 for a move back to 10700/10666/10610. Important intraday time for reversal can be at 10:29/12:03.  Bank Nifty rallies 500 points above 27225 ,EOD Analysis

  • Nifty Jan Future Open Interest Volume is at 2.52 core with liquidation  of  2.3  Lakh with  decrease in  cost of carry suggesting long position were closed today, NF Rollover cost @10788 closed below  it.
  • 11000 CE  is having Highest OI  at 38.1 Lakh, resistance at 10900 followed by 11000 .10400-11000 CE liquidated 4.7 lakh in OI so bears  covered position in range of 10800-11000. FII bought 8.6 K CE and 552 CE were shorted by them. Retail sold 621 CE and 2.4 K CE were shorted by them.
  • 10500 PE OI@ 38.2  Lakhs having the highest OI strong support at 10600 followed by 10500 . 10500-11000 PE added 0.5 Lakh in OI so bulls added position in range 10700-10800 PE. FII bought 23.1 K PE and 6.7 K PE were shorted by them. Retail bought 70.7 K PE and 49.5 K PE were shorted by them.
  • Total Future & Option trading volume at 11.17 Lakh core with total contract traded at 1.60 lakh , PCR @0.96
  • FII’s bought 276 cores  and DII’s  bought 439 cores in cash segment.INR closed at 69.68 . USD INR Weekly Forecast

Buy above 10870 Tgt 10890,10910 and 10933 (Nifty Spot Levels)

Sell below 10820 Tgt 10800,10777 and 10750 (Nifty Spot Levels)

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