Nifty EOD Analysis for 13 Nov

  • FII sold 5.9 K contract of Index Future worth 490 cores, Net OI has increased by 2.8 K contract, 1.5 K Long contract were liquidated by FII and 4.3 K short were added by FII. Net FII Long Short ratio at 0.81, So FII used rise to exit longs and enter shorts.
  • As discussed in last analysis   Bulls now need to move above 11960 for a move to continue towards 12013/12068/12110. Bears will get active below 11870 for a move back to 11815/11761.11 Very Important time cycle date. Bears got whipsawed below 11870, Bulls unable to break 11960. Bulls now need to move above 11946 for a move to continue towards 12000/12068/12110. Bears will get active below 11850 for a move back to 11777/11721.

  • Total Future & Option trading volume at 9.67 Lakh core with total contract traded at 1.05 lakh , PCR @0.85
  • Nifty Nov Future Open Interest Volume is at 1.53 Lakh core with liquidation of 4.7 Lakh with increase in cost of carry suggesting short  position were closed today, NF Rollover cost @11814 closed above it. 
  • 12000 CE is having Highest OI at 25.2 Lakh, resistance at 12000 followed by 12100 .11500-12000 CE added 8.3 Lakh in OI so bears added position in range of 12000-12200.FII bought 11.7 K CE and 2.1 K CE were shorted by them. Retailers bought 17.7 K CE and 26.3 K  CE were shorted by them.
  • 11800 PE OI@1.2 Lakhs having the highest OI strong support at 11800 followed by 11700 . 11500-12000 PE added 23 Lakh in OI so bulls added position in range 11800-11900.FII bought 12.9 K PE and 8.2 K PE were shorted by them. Retailers bought 126 K PE and 97 K PE were shorted by them.
  • FII’s bought 664 cores and DII’s sold 245 cores in cash segment.INR closed at 71.54

Buy Above 11920 Tgt 11946,11978 and 12002 (Nifty Spot Levels)

Sell Below 11890 Tgt 11866,11843 and 11821 (Nifty Spot Levels)

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