Nifty holds on 7850 on closing basis,EOD Analysis


  • FII’s bought 0.04 K contract of Index Future worth 12 cores ,4.4 K Long contract were added by FII’s and 4.9  K short contracts were added by FII’s. Net Open Interest increased  by 9.4 K contract, so fall in market was used by FII’s to enter  long and  enter  shorts in  Index futures. How to preserve Mental Capital for Trading


  • Nifty April Future Open Interest Volume is at 1.40 core with liquidation of  16.8 Lakh with increase in cost of carry suggesting short position were closed today, NF  Rollover cost @7740, Nifty future rallied 200 points above this level.
  • 8000  CE  is having Highest OI  at 73.3 lakh, resistance at 8000 .7800/8000 CE  liquidated 5 lakh so bears liquidated  as we closed above 7850 .FII sold 4.8 K CE longs and 3.6 K CE were shorted by them .Retail bought 41.6  K CE contracts and 2.4 K shorted  CE were covered by them.
  • 7800 PE OI@66  lakhs having the highest OI strong support at 7800. 7800-8000 PE added 3.9 Lakh in OI so strong base near 7800 .FII bought 24 K PE longs  and 2 K PE were shorted  by them .Retail sold 9.3 K PE contracts and 23.1 K PE were shorted  by them.
  • FII’s bought 222 cores in Equity and DII’s sold 747 cores in cash segment.INR closed at 66.61

Buy above 7865 Tgt 7901,7930 and 7950 (Nifty Spot Levels)

Sell below 7815 Tgt 7780,7750 and 7733 (Nifty Spot Levels)

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