Nifty close near the lower end of trading range,EOD Analysis

  • FII’s sold 24.5 K contract of Index Future worth 1520 cores ,23.8 K Long contract were liquidated by FII’s and 682 short contracts were added by FII’s. Net Open Interest decreased  by 23.1 K contract, so fall in market was used by FII’s to exit long and enter shorts  in  Index futures. Psychological mistakes that Affect Trading

  • Nifty Dec Future Open Interest Volume is at 1.55 core with liquidation of 9.9 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 6.67 Lakh core with total contract traded at 1.88 lakh , PCR @1.02.
  • 8300  CE  is having Highest OI  at 53.8 lakh, resistance at 8300 followed by 8500 .7900/8500 CE  added 9.2  lakh so bears added aggressively  8300/8400 CE .FII bought 6.3 K CE longs and 4.5 K CE were shorted by them .Retail sold 12.4 K CE contracts and 30.7 K shorted CE were covered by them.
  • 8000 PE OI@80.3 lakhs having the highest OI strong support at 8000. 7900-8500 PE added 0.63 Lakh in OI so bulls  added again in small 8200/8300 PE. FII bought 12.4 K  PE longs  and 519 PE were shorted by them .Retail sold 36.4 K PE contracts and 32.3 K shorted PE were covered by them.
  • FII’s sold 612 cores in Equity and sold 177 cores in cash segment.INR closed at 67.83

Buy above 8170 Tgt 8183,8210 and 8250 (Nifty Spot Levels)

Sell below 8150 Tgt 8125,8100 and 8066 (Nifty Spot Levels)

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