Nifty formed Inside Bar Candle,Ready for Big Move

By | February 19, 2019

  • FII’s sold 6.2 K contract of Index Future worth 433 cores 39 Long contract were covered by FII’s and 6.1 K Short contracts were added by FII’s. Net Open Interest increased  by 6.1 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 0.87 Learn How to Pull the Trigger on a Trade
  • As Discussed in Last Analysis   Friday High and Low is very important as it was very important time cycle date we can see move of 75-100 points once high or low gets broken. Bulls will become active above 10743 for a move back to 10777/10821. Nifty Bulls got whipsawed above 10743 and were unable to break high or low of time cycle date. Bulls will become active above 10680 for a move back to 10721/10777/10821. Bears will become active below 10611 for a move back to 10575/10512.

  • Nifty Feb Future Open Interest Volume is at 2.11 core with liquidation of 11 Lakh with  increase in  cost of carry suggesting short position were closed today, NF Rollover cost @10727 closed above it
  • 11000 CE  is having Highest OI  at 40.8  Lakh, resistance at 10800 followed by 10900 .10400-11000 CE added 18  lakh in OI so bears  added position in range of 10800-10900. FII sold 430 CE and 6.9  K CE were shorted by them. Retail bought 125 K CE and 77.3 K CE were shorted by them.
  • 10700 PE OI@ 27  Lakhs having the highest OI strong support at 10600 followed by 10500 . 10500-11000 PE liquidated 12.4  Lakh in OI so bulls covered position in range 10700-10600 PE. FII bought 7.5 K PE and 5.4 K  PE were shorted by them. Retail bought 6 K PE and 13.9  K PE were shorted by them.
  • Total Future & Option trading volume at 5.49 Lakh core with total contract traded at 1.11 lakh , PCR @0.91

Buy above 10680 Tgt 10700,10721 and 10755 (Nifty Spot Levels)

Sell below 10625 Tgt 10600,10580 and 10550 (Nifty Spot Levels)

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