Nifty ready for Big move, EOD Analysis

  • FII’s bought 8.6 K contract of Index Future worth 626 cores ,950  Long contract were added by FII’s and 7.7 K Short contracts were covered by FII’s. Net Open Interest decreased  by 6.7 K contract, so rise in market was used by FII’s to enter long and exit short in  Index futures.  FII’s Long to Short Ratio at 0.73 .How to stay grounded in Trading.

 

  • As Discussed in Last Analysis   We have expiry today break of 10340 can see fast move towards 10280/10224. Bullish above 10410 for a move towards 10470/10512/10570. Any close below 10224 can see fast down move towards 10123/10090/10000.Today is another important time cycle date, good move will be seen in nifty in coming 2 days. Low made today was 10340.65 and high made was 10397 so we traded in neutral zone, Today was an important time cycle date break of  high and low can see fast move of 150-200 points .  Bullish above 10410 for a move towards 10460/10512/10555/10620. Bearish below 10340 for a move towards 10270/10220. Important intraday time for reversal can be at 11:16/1:30.Bank Nifty ready for Big move, EOD Analysis

 

  • Nifty March Future Open Interest Volume is at 1.69 core with addition of 7.5 Lakh with increase in  cost of carry suggesting Long position were added today, NF Rollover cost @10395 and rollover %@60.6 lower than last 2 months

 

  • Total Future & Option trading volume at 14.03 Lakh core with total contract traded at 2 lakh , PCR @0.87
  • FII’s sold 2335 cores  and DII’s bought 1059 cores in cash segment.INR closed at 65.06

 

Buy above 10410 Tgt 10430,10450 and 10477 (Nifty Spot Levels)

Sell below 10370 Tgt 10350,10320 and 10290 (Nifty Spot Levels)

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