Nifty gives Big Move on Time Cycle Date

By | February 25, 2019

  • FII’s bought 1.9 Kcontract of Index Future worth 297 cores 2.2 K Long contract were added by FII’s and 230  Short contracts were covered by FII’s. Net Open Interest increased  by 2.4 K contract, so rise in Nifty was used by FII’s to enter long and exit short in  Index futures.FII’s Long to Short Ratio at 0.95. When You fail as a trader
  • As Discussed in Last Analysis  Till we are holding 10750 bulls can rally towards 10850/10900.25 Feb is important time cycle date. Everything went as planned today as we saw big move on time cycle date as we were holding 10750 Low made today was 10788 bulls had upperhand and pushed nifty towards 2 target,Now waiting for higher target of 10930/10987. Bears have chance below 10777 for a move back to 10730/10685

  • Nifty Feb Future Open Interest Volume is at 1.80core with liquidation of 22.2 Lakh with  decrease in  cost of carry suggesting long position were closed today, NF Rollover cost @10727 closed above it.
  • 11000 CE  is having Highest OI  at 38.4 Lakh, resistance at 10900 followed by 11000 .10400-11000 CE added 15.6  lakh in OI so bears  covered position in range of 10800-10900. FII bought 12.5 K CE and 6 K  shorted CE were covered by them. Retail sold 52.5 K CE and 8.9 K shorted CE were covered by them.
  • 10700 PE OI@ 35.4 Lakhs having the highest OI strong support at 10600 followed by 10500 . 10500-11000 PE added 20.8  Lakh in OI so bulls added position in range 10700-10600 PE. FII sold 14.7 K PE and 3.7 K PE were shorted by them. Retail bought 126 K PE and 63.5 K PE were shorted  by them.
  • Total Future & Option trading volume at 6.24 Lakh core with total contract traded at 0.81 lakh , PCR @0.93

Buy above 10890 Tgt 10910,10933 and 10955 (Nifty Spot Levels)

Sell below 10841 Tgt 10820,10800 and 10777 (Nifty Spot Levels)

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