Will Nifty Bulls able to Hold 10000,EOD Analysis

  • FII’s bought 1.8 K contract of Index Future worth 146 cores ,8.6 K Long contract were added by FII’s and 10.4 K Short contracts were added by FII’s. Net Open Interest increased  by 19.1 K contract, so fall in Nifty was used by FII’s to enter  long and enter  short in  Index futures.FII’s Long to Short Ratio at 0.43. A bowl of noodles from a stranger
  • As Discussed in Last Analysis  We have completed the move from one gann angle to another, Also we have very important time cycle on 28 Oct so we can have a good move either tomorrow or on Monday.Bullish above 10170 for a move back to 10225/10270. Bearish below 10080 for a move back to 10030/9950. Nifty gave the big move as per our expectation and did 1 target on downside. Now Bulls need to close above 10080 for a move back to 10130/10200. Bearish below 10000 for a move back to 9930/9826. 9826 is number to watch out on downside can be a potential level where fall can stop if 10000 get broken on closing basis. Important intraday time for reversal can be at 11:32/1:18/2:32. Bank Nifty crashes 400 points on Time Cycle Date,EOD Analysis

 

 

  • Nifty Nov Future Open Interest Volume is at 2.21 core with addition of 7.6 Lakh with decrease in  cost of carry suggesting Short position were added today, NF Rollover cost @10243 closed below it.

 

  • 10300 CE  is having Highest OI  at 28.4 Lakh, resistance at 10250 followed by 10300 .10000-10500 CE added 16.3 lakh in OI so bears  added position in range of 10200-10400. FII bought 7.8 K CE and 22.1 K  CE were added by them. Retail bought 272 K CE and 207 K CE were shorted by them.

 

  • 10000 PE OI@34  Lakhs having the highest OI strong support at 10000 followed by 9800 . 10000-10700 PE added 2.5 Lakh in OI so bulls added position in range 10200-10100 PE. FII bought 89.4  K PE and 18.3 K PE were shorted  by them. Retail bought 83.8 K PE and 150 K PE were shorted  by them.
  • Total Future & Option trading volume at1 5.07 Lakh core with total contract traded at 2.06 lakh , PCR @0.71

 

 

Buy above 10070 Tgt 10095,10125 and 10170 (Nifty Spot Levels)

Sell below 10000 Tgt 9980,9930 and 9900 (Nifty Spot Levels)

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