Nifty EOD Analysis for 09 May

  • FII’s sold 1.7 K contract of Index Future worth 94 cores ,2.6 K Long contract were added by FII’s and 4.3 Short contracts were added  by FII’s. Net Open Interest increased  by 6.9 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 1.25 .Using “The Greeks” To Understand Options

 

  • As Discussed in Last Analysis  10700 done now once we move above 10730 bulls can see good move till 10800/10866.Bearish below 10610 for a move back to 10555/10500. Nifty bounced from gann angle with  time cycle  date suggesting price time squaring. Nifty opened with gap up and did 10758 but failed to close above 10730.Above 10730 bulls can see good move till 10800/10866.Bearish below 10610 for a move back to 10555/10500. Important intraday time for reversal can be at 10:20/1:23 . Bank Nifty does 26000 after doing price time squaring,EOD Analysis

 

  • Nifty May Future Open Interest Volume is at 2.39 core with addition of 1.21 Lakh with decrease in  cost of carry suggesting short position were added today, NF Rollover cost @10613 closed above it.
  • Total Future & Option trading volume at 5.49 Lakh core with total contract traded at 0.85 lakh , PCR @1.01
  • 10800 CE  is having Highest OI  at 35 Lakh, resistance at 10800 followed by 11000 .10300-11000 CE added 1 lakh in OI so bears added position  in range of 10700-10800 CE. FII bought 3.3 K CE and 1.4 K  shorted CE were covered by them. Retail bought 15.5 K CE and 15.2 K  CE were shorted by them.

 

  • 10500 PE OI@54.9 lakhs having the highest OI strong support at 10500 followed by 10400 . 10400-11000 PE added 5.7 Lakh in OI so bulls added position in 10500-10600 PE. FII bought 5.9 K PE and 810  PE were shorted by them. Retail bought 38.7 K PE and 38.8 K PE were shorted by them.

 

  • FII’s sold 97 cores  and DII’s bought 923 cores in cash segment.INR closed at 67.07

 

Buy above 10730 Tgt 10750,10777 and 10800 (Nifty Spot Levels)

Sell below 10690 Tgt 10670,10650 and 10630 (Nifty Spot Levels)

Follow on Facebook https://www.facebook.com/Brameshs-Tech-14011718268586

Follow on Twitter:https://twitter.com/brahmesh

Leave a Reply