Nifty rallies 223 Points from Demand Zone in 2 Days

By | February 22, 2019
  • FII’s sold 6 K contract of Index Future worth 472 cores 8 K Long contract were covered by FII’s and 2 K Short contracts were covered by FII’s. Net Open Interest decreased  by 10.1 K contract, so rise in Nifty was used by FII’s to exit long and exit short in  Index futures.FII’s Long to Short Ratio at 0.93. When You fail as a trader
  • As Discussed in Last Analysis    Range of 10570-10585 is very important demand zone as i have discussed on Twitter on 15 Feb. Bulls will become active again at 10760 for a move towards 10791/10843/10890. 10791 also done.Now till we are holding 10750 bulls can rally towards 10850/10900. Bears will get active below 10721 for a move back to 10666/10620. 25 Feb is important time cycle date so effect will be seen today or Monday.

  • Nifty Feb Future Open Interest Volume is at 2.09 core with liquidation of 7.8 Lakh with  decrease in  cost of carry suggesting short position were closed today, NF Rollover cost @10727 closed above it.
  • 11000 CE  is having Highest OI  at 41.1 Lakh, resistance at 10800 followed by 10900 .10400-11000 CE added 0.71  lakh in OI so bears  added position in range of 10800-10900. FII sold 11.6 K CE and 9.2 K  shorted CE were covered by them. Retail sold 192 K CE and 136 K shorted CE were covered by them.
  • 10700 PE OI@ 35.3  Lakhs having the highest OI strong support at 10600 followed by 10500 . 10500-11000 PE added 21  Lakh in OI so bulls added position in range 10700-10600 PE. FII sold 29 K PE and 13.6 K PE were shorted by them. Retail sold 151 K PE and 129 K shorted   PE were covered by them.
  • Total Future & Option trading volume at 15.1 Lakh core with total contract traded at 1.14 lakh , PCR @0.82

Buy above 10800 Tgt 10821,10850 and 10877 (Nifty Spot Levels)

Sell below 10765 Tgt 10740,10721 and 10700 (Nifty Spot Levels)

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