Nifty EOD Analysis for 01 Oct

By | September 30, 2019

  • FII bought 10.7  K contract of Index Future worth 700 cores, Net OI has decreased by 1.1 K contract, 4.8 K Long contract were added by FII and 5.9 K short were covered by FII. Net FII Long Short ratio at 0.56, So FII used fall to enter longs and exit shorts.
  • As Discussed in Last Analysis  We can see a big move in  nifty as we have monthly closing and time cycle date of nifty suggesting we should see a good move in nifty. Bulls now need a close above 11570 for a move back to 11610/11666/11740. Bears will get active below 11485 for a move back to 11416/11370. We got the big move as per expectation and did all target below 11485. Now Nifty Bulls need to close above 11500 for a move back to 11575/11610/11666. Bears will get active below 11449 for a move back to 11410/11370. IF todays low is held  we can rally back to 11600.

  • Total Future & Option trading volume at 9.33  Lakh core with total contract traded at 1.56 lakh , PCR @0.94
  • Nifty Oct Future Open Interest Volume is at 1.46 core with addition of 1.4 Lakh with increase in  cost of carry suggesting long position were added today, NF Rollover cost @11608 closed below it. 
  • 11700 CE is having Highest OI at 15 Lakh, resistance at 11700 followed by 11800 .11200-11700 CE added 7.1 Lakh in OI so bears added position in range of 11600-11700. FII bought 16.5 K CE Long and 11.3 K CE were shorted by them. Retails bought 194 K CE and 132 K  CE were shorted by them. 
  • 11500 PE OI@13.1 Lakhs having the highest OI strong support at 11500 followed by 11400 . 11200-11700 PE added 2 Lakh in OI so bulls added position in range 11400-11600.FII bought 18 K PE Long and 10 K PE were shorted by them. Retails bought 26.8 K  PE and 34.3 K  PE were shorted by them. 
  • FII’s  sold 469 cores and DII’s bought 504 cores in cash segment.INR closed at 71.09

Buy Above 11490 Tgt 11520,11550 and 11575 (Nifty Spot Levels)

Sell Below 11450 Tgt 11430,11410 and 11370 (Nifty Spot Levels)

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