Nifty EOD Analysis for 30 Oct

By Bramesh | October 29, 2019

  • As discussed in last analysis 11520 done, Bulls need a close above 11610 for rally to continue till 11666/11715. Bears will get active below 11570 for a move back to 11520/11457. 11715 done,Now Bulls need to hold 11700-11715 for the upmove to continue towards 11888/11950. Bears will get active below 11740 for a move back to 11666/11610.
  • FII bought 13.8 K contract of Index Future worth 1243 cores, Net OI has increased by 8.7 K contract, 13.5 K  Long contract were added by FII and 281 short were covered by FII. Net FII Long Short ratio at 0.80, So FII used rise to enter longs and exit shorts.

  • Total Future & Option trading volume at 12.36 Lakh core with total contract traded at 1.79 lakh , PCR @0.83
  • Nifty Nov Future Open Interest Volume is at 48.3 Lakh with addition  of 27 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @11608 closed above it. 
  • 11800 CE is having Highest OI at 25 Lakh, resistance at 11800 followed by 11900 .11200-11700 CE liquidated 21 Lakh in OI so bears covered  position in range of 11700-11600. FII bought 27.3 K CE and 7.5 K CE were shorted by them. Retailers sold 38 K CE and 20.9 K CE were shorted by them.
  • 11700 PE OI@31 Lakhs having the highest OI strong support at 11700 followed by 11600 . 11000-11700 PE added 6.5 Lakh in OI so bulls added position in range 11400-11500.FII bought 14.3 K PE and 18.9  K PE were shorted by them. Retailers bought244 K PE and 612 K PE were shorted by them.
  • FII’s bought 876 cores and DII’s bought 144 cores in cash segment.INR closed at 70.75

Buy Above 11810 Tgt 11830,11855  and 11888 (Nifty Spot Levels)

Sell Below 11740 Tgt 11721,11700 and 11666 (Nifty Spot Levels)

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