Nifty Heading towards new life high,EOD Analysis

  • FII’s sold 3.1 K contract of Index Future worth 298 cores ,125 Long contract were added by FII’s and 3.3 K Short contracts were added by FII’s. Net Open Interest increased  by 3.4 K contract, so rise in market was used by FII’s to enter long and enter short in  Index futures. FII’s Long to Short Ratio at 1.57. Build up your confidence as a trader
  • As discussed in last analysis   Breakout above 10030 for a move towards 10090/10150/10237. Bearish below 9840 for a move towards 9740/9685. New Time Cycle will start from 11 Sep so hopefully we will see a good move soon. Time Cycle did the effect with nifty rallying 100 points but failed to cross the main hurdle of 10030, Bulls need close above 10030 for a march towards 10090/10157/10250. Bearish below 9930 only. Low made was 10030 and high made was 10097 so bulls finally did breakout once the time cycle turn in favour and did 10090 now holding 10030 bulls can rally all the way towards new high of 10137 and 10200. Bank Nifty EOD Analysis for 13 Sep
  • Nifty September Future Open Interest Volume is at 1.97 core with addition of 3.3 Lakh with increase in  cost of carry suggesting long position were closed today, NF Rollover cost @9910 Closed above it.
  • Total Future & Option trading volume at 4.90 Lakh core with total contract traded at 0.89 lakh , PCR @1.15
  • 10200 CE  is having Highest OI  at 38.3  lakh, resistance at 10200 followed by 10100 .9500-10500 CE liquidated 9.7 Lakh in OI so bears covered major position  in range of 9800-10000 CE. FII bought 8.4 K  CE and 5.3 K CE were shorted by them. Retail bought 4 K CE and 52.4 K CE were shorted by them
  • 9900 PE OI@62.1 lakhs having the highest OI strong support at 9900 followed by 9800. 9900-10500 PE added  46  Lakh in OI so bulls added position in 9900-10300 PE,making strong base at 9900. FII bought 5.3 K  PE and 10.7 K PE were shorted by them. Retail bought 92.9 K PE and 52.4 K PE were shorted by them
  • FII’s sold 1230 cores  and DII’s bought 1313 cores in cash segment.INR closed at 64.04

Buy above 10100  Tgt 10120,10142 and 10187 (Nifty Spot Levels)

Sell below 10070 Tgt 10048,10025 and 10000 (Nifty Spot Levels)

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