Nifty ready for Big Move on time cycle date

By | February 23, 2019

  • FII’s bought 871 contract of Index Future worth 75 cores 553 Long contract were covered by FII’s and 1.4 K Short contracts were covered by FII’s. Net Open Interest decreased  by 1.9 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 0.94. When You fail as a trader
  • As Discussed in Last Analysis   Now till we are holding 10750 bulls can rally towards 10850/10900. 25 Feb is important time cycle date so effect will be seen  Monday. Low made on Friday was 10758 so bulls were able to protect 10750, 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.

  • Nifty Feb Future Open Interest Volume is at 2.02 core with liquidation of 7.3 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 1.6  lakh in OI so bears  added position in range of 10800-10900. FII sold 3.5 K CE and 4.1 K  CE were shorted by them. Retail bought 91.4 K CE and 64.1 K shorted CE were covered by them.
  • 10700 PE OI@ 35.7 Lakhs having the highest OI strong support at 10600 followed by 10500 . 10500-11000 PE added 2.1  Lakh in OI so bulls added position in range 10700-10600 PE. FII bought 2.4 K PE and 9.2 K shorted PE were covered by them. Retail bought 27.3 K PE and 45.1 K PE were shorted  by them.
  • Total Future & Option trading volume at 4.6 Lakh core with total contract traded at 0.81 lakh , PCR @0.94

Buy above 10810 Tgt 10827,10850 and 10877 (Nifty Spot Levels)

Sell below 10777 Tgt 10755,10730 and 10700 (Nifty Spot Levels)

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