VENUS Aphelion Effect on Nifty

  • FII sold 23.7 K contract of Index Future worth 2000 cores, Net OI has decreased by 2.5 K contract, 13.1 K Long contract were covered by FII and 10.6 K short were added by FII. Net FII Long Short ratio at 1.16, So FII used rise to exit longs and enter shorts.
  • As discussed in last analysis  12155 done now traders should watch for 12167 sustained above it we can see rally towards 12225/12300. Bears will get active below 12088 for a move back to 12020/11950.12017 Target done below 12088. Now Bears need to break 12000 for the down move to continue till 11921/11850. Bulls have there chance only above 12100 for a move back to 12167/12225.We have VENUS Aphelion Happening today suggesting trend change in market can be seen below 12000.

  • Total Future & Option trading volume at 12.08 Lakh core with total contract traded at 1.17 lakh , PCR @1.03
  • Nifty Dec Future Open Interest Volume is at 1.37 Lakh core with liquidation of 5.2 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @12132 closed above it.

 

  • 12100 CE is having Highest OI at 27 Lakh, resistance at 12100 followed by 12200 .12000-12300 CE liquidated 5.2 Lakh in OI so bears covered  position in range of 12000-12200. FII bought 10.6 K CE and 15 K CE were shorted  by them.Retailers bought 136 K CE and 104 K  CE were shorted by them.
  • 12000 PE OI@45 Lakhs having the highest OI strong support at 12000 followed by 11900 . 12000-12200 PE added  21 Lakh in OI so bulls added position in range 12000-12100.FII bought 36.3 K PE and 13.4 K PE were shorted by them. Retailers bought 37.5 K PE and 69.6  K PE were shorted by them.
  • FII’s sold 1892 cores and DII’s bought 953 cores in cash segment.INR closed at 71.69

Buy Above 12080 Tgt 12100,12130 and 12167 (Nifty Spot Levels)

Sell Below 12020 Tgt 12000,11975 and 11943 (Nifty Spot Levels)

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