Nifty EOD Analysis as we approach Monthly Close

  • FII’s bought 3.3 K contract of Index Future worth 200 cores ,650 Long contract were covered by FII’s and 4000  Short contracts were covered by FII’s. Net Open Interest decreased  by 4.6 K contract, so fall in Nifty was used by FII’s to exit long and exit short in  Index futures.FII’s Long to Short Ratio at 0.46. Nifty Astrological Analysis
  • As Discussed in Last Analysis   Nifty saw the effect of 28 Oct Time cycle and above 10080 did our target of 10200 . Now Nifty need to close above 10270 for the upmove to continue towards 10360/10410. Bearish 10199 for a move back to 10130/10090/10025. Nifty Bulls and Bears both  got stopped out as we broke both 10270 and 10199. Now bears need to break 10175 for a move back to 10130/10090/10030. Bullish above 10225 for a move back to 10285/10323. Expect a good move tomorrow as per astrological cycle.Important intraday time for reversal can be at 9:50/2:21. Bank Nifty EOD Analysis as we approach Monthly Close

 

 

  • Nifty Nov Future Open Interest Volume is at 218  core with liquidation of 2.4 Lakh with decrease in  cost of carry suggesting Short position were closed today, NF Rollover cost @10243 closed above it.

 

  • 10500 CE  is having Highest OI  at 19.5 Lakh, resistance at 10400 followed by 10500 .10000-10500 CE added 5.2 lakh in OI so bears  added position in range of 10200-10400. FII bought 6.8 K CE and 12.3 K CE were shorted  by them. Retail bought 145 K CE and 88.1 K shorted CE were covered  by them.

 

  • 10000 PE OI@42.3 Lakhs having the highest OI strong support at 10100 followed by 10000 . 10000-10700 PE added 7.4 Lakh in OI so bulls added position in range 10200-10100 PE. FII bought 23.3  K PE and 10.6 K PE were shorted  by them. Retail sold 25.4 K PE and 2.2 K PE were shorted  by them.
  • Total Future & Option trading volume at1 7.19  Lakh core with total contract traded at 1.48 lakh , PCR @0.82

 

 

Buy above 10225 Tgt 10250,10275 and 10300 (Nifty Spot Levels)

Sell below 10175 Tgt 10155,10130 and 10100 (Nifty Spot Levels)

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