Nifty EOD Analysis before Dec RBI Policy

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  • FII’s bought 3.6 K contract of Index Future worth 215 cores ,2.2 K Long contract were added by FII’s and 1.4 K short contracts were liquidated by FII’s. Net Open Interest increased  by 0.07K contract, so rise in market was used by FII’s to enter long and exit shorts  in  Index futures. Why Traders are unable to Follow Your Trading Plan
  • As discussed in last analysis  Now Holding above 8130 bulls will made a move towards 8200/8250. Big Bullish momentum will come above 8250 for a move towards 8370/8444. Bears will become active below 8031 for a move towards 7972/7916. Low made today was 8130 so Bulls held on to gann support again and closed above it suggesting they have upper hand. Holding 8130 target is 8200/8250. Big Bullish move only on close above 8250 for a move towards 8330/8370/8444. Bearish only on close below 8100 for a move towards 8050/7972.   Bank Nifty EOD Analysis before Dec RBI Policy

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  • Nifty Dec Future Open Interest Volume is at 1.54 core with liquidation of 0.21 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @8049 closed above it.
  • Total Future & Option trading volume at 1.93 Lakh core with total contract traded at 0.99 lakh , PCR @0.92.
  • 8300  CE  is having Highest OI  at 49.9 lakh, resistance at 8300 followed by 8500 .7900/8500 CE  added 6.7  lakh so bears added in 8400/8500 CE .FII bought 6.7 K CE longs and 2.2 K CE were shorted by them .Retail bought 36.9 K CE contracts and 25.6 K CE CE were shorted by them.
  • 8000 PE OI@75.8 lakhs having the highest OI strong support at 8000. 7900-8500 PE added 3.1 Lakh in OI so bulls  added in 8100/8000 PE. FII bought 5.8 K  PE longs  and 0.3 K PE were shorted by them .Retail bought 22.1 K PE contracts and 17.2 K PE were shorted by them.
  • FII’s bought 161 cores in Equity and DII’s sold 164 cores in cash segment.INR closed at 67.90

Buy above 8156 Tgt 8176,8200 and 8220 (Nifty Spot Levels)

Sell below 8120 Tgt 8100,8075 and 8050 (Nifty Spot Levels)

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