Nifty close above 7860,ready for Big move


  • FII’s bought 9.4 K contract of Index Future worth 556 cores ,2.3 K Long contract were added by FII’s and 7 K  short contracts were liquidated by FII’s. Net Open Interest decreased  by 4.7 K contract, so today’s rise in market was used by FII’s to enter long and  exit shorts in  Index futures.Trading Success Mantra:How We Handle Trading Fears

Supply Demand

  • Nifty December Future Open Interest Volume is at 1.71 core with liquidation of 1.3 Lakh with decrease in CoC suggesting long position were closed today. Nifty closing below rollover cost 7896.
  • Total Future & Option trading volume was   at 2.29 Lakh core with total contract traded at 1.32  lakh , PCR @0.94.
  • 8000  CE  OI at 75.3 lakh , wall of resistance @ 8000 .7600/8000 CE  liquidated 9.7 lakh in OI as bears liquidated again in 7800/7900 CE.FII bought 7.6 K CE longs and 3.9 K CE were shorted by them .Retail sold 21.7 K CE contracts and 14.9 K CE were shorted  by them.
  • 7500 PE OI@52.9 lakhs  strong base @ 7500. 7600/8000 PE  added 27.3 lakh so bulls added aggressively as Nifty closed above the  supply zone of 7860.FII sold 4.2 K PE longs and 3.9 K PE were shorted by them .Retail bought 37.2 K PE contracts and 16.9 K  PE were shorted  by them.
  • FII’s bought 385 cores in Equity and DII’s bought 632 cores in cash segment.INR closed at 66.2

Buy above 7882 Tgt 7899,7920 and 7950 (Nifty Spot Levels)

Sell below 7850 Tgt 7837,7810 and 7790 (Nifty Spot Levels)

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