Nifty EOD Analysis for 20 Nov

  • FII sold 429 contract of Index Future worth 62 cores, Net OI has increased by 7.8 K contract, 3.6 K  Long contract were added by FII and 4.1 K short were added by FII. Net FII Long Short ratio at 0.64, So FII used rise to enter longs and enter shorts.
  • As discussed in last analysis  Bulls need to break 11910 for the upmove to continue towards 11975/12034/12080. Bears have there chance below 11850  for a move back to 11800/11740/11666. 11958 done and waiting for higher target for 11975/12034/12080. Bears have there chance below 11850  for a move back to 11800/11740/11666.

  • Total Future & Option trading volume at 9.6Lakh core with total contract traded at 1.02 lakh , PCR @0.83
  • Nifty Nov Future Open Interest Volume is at 1.56 Lakh core with addition of 0.88 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 22.8 Lakh, resistance at 12000 followed by 12100 .11500-12000 CE liquidated 7.4 Lakh in OI so bears covered position in range of 12000-12200. FII bought 4.7 K CE and 815  shorted CE were covered  by them. Retailers sold 46.4 K CE and 18.3  K  shorted CE were covered by them.
  • 11900 PE OI@25.3  Lakhs having the highest OI strong support at 11900 followed by 11800 . 11500-12000 PE added 25  Lakh in OI so bulls added position in range 11800-11700.FII bought 13.8 K PE and 6.3 K  PE  were shorted by them.Retailers bought 119 K PE and 82 K  PE were shorted by them.
  • FII’s sold 915 cores and DII’s bought 262 cores in cash segment.INR closed at 71.98

Buy Above 11946 Tgt 11970,11999 and 12034 (Nifty Spot Levels)

Sell Below 11920 Tgt 11895,11865 and 11843 (Nifty Spot Levels)

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