NIFTY Trend Technical Analysis

By | January 12, 2019

  • FII’s sold 8.4 K contract of Index Future worth 539 cores 2.2 K Long contract were covered by FII’s and 6.1 K Short contracts were added by FII’s. Net Open Interest increased  by 3.9 K contract, so fall in Nifty was used by FII’s to exit long and enter short in  Index futures.FII’s Long to Short Ratio at 0.93 . How To NOT Blow Up Your Trading Account
  • As Discussed in Last Analysis  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. Nifty opened above 10800 quickly came down below 10816 traders who used twitter level would have made some money.Positional Short below 10750 were stopped out . Today’s High and Low are Important Break of any side can give easily 75-100 points, Bearish below 10733 for a move back to 10666/10610. Bullish above 10816 for a move back to 10870/10923. Important intraday time for reversal can be at 10:14/11:52/2:48.  NIFTY BANK Trend Technical Analysis

  • Nifty Jan Future Open Interest Volume is at 2.45 core with liquidation  of  4.2  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 46.9 Lakh, resistance at 10900 followed by 11000 .10400-11000 CE added 12 lakh in OI so bears  added position in range of 10800-11000. FII bought 7.6 K CE and 6 K CE were shorted by them. Retail bought 128 K CE and 89.1 K  CE were shorted covered by them.
  • 10500 PE OI@ 38.9 Lakhs having the highest OI strong support at 10600 followed by 10500 . 10500-11000 PE liquidated 8.5 Lakh in OI so bulls covered position in range 10700-10800 PE. FII bought 12.5 K PE and 7.5 K PE were shorted by them. Retail bought 36.5 K PE and 54.9 K PE were shorted by them.
  • Total Future & Option trading volume at 5.03 Lakh core with total contract traded at 1.24 lakh , PCR @0.86
  • FII’s sold 687 cores  and DII’s  bought 123 cores in cash segment.INR closed at 70.41 . USD INR Weekly Forecast

Buy above 10816 Tgt 10851,10870 and 10890 (Nifty Spot Levels)

Sell below 10777 Tgt 10740,10710 and 10685 (Nifty Spot Levels)

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