Nifty EOD Analysis for 06 Nov

By | November 6, 2019

  • FII sold 2.2 K contract of Index Future worth 113 cores, Net OI has increased by 5.6 K contract, 1.6 K Long contract were added by FII and 3.9 K short were added by FII. Net FII Long Short ratio at 0.78, So FII used rise to enter longs and enter shorts.
  • As discussed in last analysis  Bulls need a close above 11948 for a move back to 12002/12057/12112. Bears need a close below 11890 for a move back to 11838/11784/11715. 05 Nov is very important date as per gann. Bears got whipsawed below 11890 and another closed below 11948.Bulls need a close above 11948 for a move back to 12002/12057/12112. Bears need a close below 11890 for a move back to 11838/11784/11715.

  • Total Future & Option trading volume at 9.3 Lakh core with total contract traded at 0.99 lakh , PCR @0.95
  • Nifty Nov Future Open Interest Volume is at 1.50 Lakh core with addition of 4.2 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @11814 closed above it. 
  • 12000 CE is having Highest OI at 20 Lakh, resistance at 12000 followed by 12100 .11200-11700 CE added 8.3 Lakh in OI so bears added position in range of 12000-12100. FII bought 4.3 K CE and 8.2 K CE were shorted by them. Retailers bought 81.9 K CE and 57.8 K CE were shorted by them.
  • 11700 PE OI@18 Lakhs having the highest OI strong support at 11700 followed by 11600 . 11000-11700 PE added 2 Lakh in OI so bulls added position in range 11600-11700.FII bought 8 K PE and 8.9 K PE were shorted by them. Retailers bought 10.6 K PE and 20.8 K PE were shorted by them.
  • FII’s bought 473 cores and DII’s sold 1593 cores in cash segment.INR closed at 70.79

Buy Above 11923 Tgt 11945,11970 and 12000 (Nifty Spot Levels)

Sell Below 11890 Tgt 11860,11843 and 11821 (Nifty Spot Levels)

Follow on Twitter:https://twitter.com/brahmesh

Follow on Facebook https://www.facebook.com/Brameshs-Tech-14011718268586

Youtube Channel: https://www.youtube.com/channel/UCxTIpotKybyOQIDsS3eEqhQ

Leave a Reply