Nifty ready for Big Move

By | January 10, 2019

  • FII’s bought 4.5 K contract of Index Future worth 428 cores 6.2 K Long contract were added by FII’s and 1.7 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 0.96 . How To NOT Blow Up Your Trading Account
  • As Discussed in Last Analysis  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. Nifty  formed inside day pattern also 12 Jan is important Astro Date suggesting big move round the corner.Bull will become active till we are holding 10800 for a move towards 10870/10923. Bearish below 10750 for a move back to 10700/10666/10610.Important intraday time for reversal can be at 11:339/2:33.  Bank Nifty rallies 500 points above 27225 ,EOD Analysis

  • Nifty Jan Future Open Interest Volume is at 2.50 core with liquidation  of  2  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 40.9 Lakh, resistance at 10900 followed by 11000 .10400-11000 CE added 0.96 lakh in OI so bears  added position in range of 10800-11000. FII bought 288 CE and 81 CE were shorted by them. Retail sold 124 K CE and 96 K shorted CE were covered by them.
  • 10500 PE [email protected] 41.5  Lakhs having the highest OI strong support at 10600 followed by 10500 . 10500-11000 PE added 11.5 Lakh in OI so bulls added position in range 10700-10800 PE. FII sold 4.6 K PE and 1.3 K shorted PE were covered  by them. Retail sold 295 K PE and 214 K shorted PE were covered  by them.
  • Total Future & Option trading volume at 16.55  Lakh core with total contract traded at 0.95 lakh , PCR @0.80
  • FII’s sold 344 cores  and DII’s  bought 10 cores in cash segment.INR closed at 70.39 . USD INR Weekly Forecast

Buy above 10830 Tgt 10851,10870 and 10890 (Nifty Spot Levels)

Sell below 10794 Tgt 10770,10750 and 10730 (Nifty Spot Levels)

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