- FII’s bought 4.8 K contract of Index Future worth 326 cores ,1.2 K Long contract were added by FII’s and 3.5 K short contracts were liquidated by FII’s. Net Open Interest decreased by 2.3 K contract, so fall in market was used by FII’s to enter long and exit shorts in Index futures. Secret of Trading Success :Consistency
- As discussed in last analysis Monday we should see follow down move towards 8100/8050 till we are closing below 8150, Below 8150 target 8100/8050/7972, Above 8250 target 8330/8370/8444. Nifty did 8100 below 8150 and made low of 8095, near gann arc support, if held another move towards 8150/8220. Bears will get active below 8085 for a move towards 8031/7972. Will Bank Nifty hold the gann angle support,EOD Analysis
- Nifty Dec Future Open Interest Volume is at 1.45 core with liquidation of 3 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @8049 closed above it.
- Total Future & Option trading volume at 2.08 Lakh core with total contract traded at 0.63 lakh lowest in 2016 , PCR @0.92.
- 8300 CE is having Highest OI at 61.2 lakh, resistance at 8300 followed by 8500 .7900/8500 CE added 1.46 lakh so bears added aggressively 8100/8200 CE .FII sold 261 CE longs and 5.5 K CE were shorted by them .Retail bought 43.1 K CE contracts and 22.9 K CE were shorted by them.
- 8000 PE OI@73.9 lakhs having the highest OI strong support at 8000. 7900-8500 PE liquidated 3.9 Lakh in OI so bulls liquidated in 8200/8300 PE. FII bought 9.5 K PE longs and 1.8 K PE were shorted by them .Retail bought 5.7 K PE contracts and 9.4 K PE were shorted by them.
- FII’s sold 535 cores in Equity and DII bought 556 cores in cash segment.INR closed at 67.87
- Nifty Futures Trend Deciding level is 8151 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8175 . How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 8110 Tgt 8125,8150 and 8165 (Nifty Spot Levels)
Sell below 8085 Tgt 8060,8040 and 8020 (Nifty Spot Levels)
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