Will Nifty hold demand zone of 7767,EOD Analysis


  • FII’s bought 520 contract of Index Future worth 33  cores ,6.4 K Long contract were added by FII’s and 5.8 K  short contracts were added by FII’s. Net Open Interest increased  by 12.3 K contract, so fall in market was used by FII’s to enter long and  enter shorts in  Index futures.How Important is Trading Psychology?

Supply Demand


  • Nifty January  Future Open Interest Volume is at 2.07 core with addition of 4.7 Lakh with decrease in cost of carry suggesting short position added today . Nifty  rollover cost 7930 close below it saw sharp decline
  • Total Future & Option trading volume was   at 1.85  Lakh core with total contract traded at 1.47  lakh , PCR @0.82.
  • 8200  CE  OI at 62.7  lakh , wall of resistance @ 8200 .7800/8400 CE  added 43 lakh in OI as bears added aggressively in 8200/8400 CE at the start of the series.FII bought 5 K CE longs and 24 K CE were shorted by them .Retail bought 51 K CE contracts and 32.2 K CE were shorted  by them.
  • 7500 PE OI@53.8 lakhs  strong base @ 7500. 7500/8000 PE  added 16.8 lakh so bulls added at lower levels .FII bought 50 K PE longs and 8.7 K PE were shorted by them .Retail bought 7.6 K PE contracts and 46.2 K  PE were shorted  by them.
  • FII’s sold 352 cores in Equity and DII’s bought 13 cores in cash segment.INR closed at 66.59

Buy above 7800 Tgt 7822,7844 and 7860 (Nifty Spot Levels)

Sell below 7750 Tgt 7725,7690 and 7650 (Nifty Spot Levels)

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