Nifty EOD Analysis for 18 Nov

  • FII sold 9.5 K contract of Index Future worth 656 cores, Net OI has increased by 7 K contract, 1.2 K Long contract were liquidated by FII and 8.2 K short were added by FII. Net FII Long Short ratio at 0.66, So FII used rise to exit longs and enter shorts.
  • As discussed in last analysis As today was an Important astro date Break of High and Low can see 75-125 points move in Nifty. Bulls need to close above 11900 for a move back to 11946/12000/12068. Bears will get active below 11800 for a move back to 11747/11693. 11974 done so we got 75 points move from 11900. Bulls need to close above 11900 for a move back to 11946/12000/12068. Bears will get active below 11850 for a move back to 11800/11740

  • Total Future & Option trading volume at 8.39 Lakh core with total contract traded at 1.29 lakh , PCR @0.84
  • Nifty Nov Future Open Interest Volume is at 1.55 Lakh core with addition of 2.1 Lakh with increase in cost of carry suggesting long  position were added today, NF Rollover cost @11814 closed above it.

 

  • 12000 CE is having Highest OI at 20.6 Lakh, resistance at 12000 followed by 12100 .11500-12000 CE added 17 Lakh in OI so bears added position in range of 12000-12200. FII bought 26 K CE and 14.1 K CE were shorted by them. Retailers bought 78 K CE and 69 K  CE were shorted by them.
  • 11800 PE OI@15.8 Lakhs having the highest OI strong support at 11800 followed by 11700 . 11500-12000 PE added 29 Lakh in OI so bulls added position in range 11800-11700.FII bought 17.3 K PE and 18.5 K PE  were shorted by them.Retailers bought 124 K PE and 113 K  PE were shorted by them.
  • FII’s sold 1008 cores and DII’s bought 537 cores in cash segment.INR closed at 71.90

Buy Above 11920 Tgt 11946,11975 and 12003 (Nifty Spot Levels)

Sell Below 11875 Tgt 11850,11821 and 11801 (Nifty Spot Levels)

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