Nifty rallies 200 points ,time cycle effect in Play

 

  • FII’s bought 1.2 K contract of Index Future worth 279 cores ,9.2 K Long contract were added by FII’s and 8 K Short contracts were added by FII’s. Net Open Interest increased  by 17.2 K contract, so rise 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. Nifty Astrological Analysis
  • As Discussed in Last Analysis   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. 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 to10130/10090/10025. Important intraday time for reversal can be at 9:35/12:42/2:11. Bank Nifty rallies 500 points ,time cycle effect in Play

 

 

  • Nifty Nov Future Open Interest Volume is at 2.20 core with liquidation of 0.59 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 18 Lakh, resistance at 10400 followed by 10500 .10000-10500 CE liquidated 1.2 lakh in OI so bears  covered position in range of 10200-10400. FII bought 27.1 K CE and 4.3 K 
  • shorted CE were covered  by them. Retail sold 100 K CE and 18 K shorted CE were covered  by them.

 

  • 10000 PE OI@38.7  Lakhs having the highest OI strong support at 10100 followed by 10000 . 10000-10700 PE added 15.2 Lakh in OI so bulls added position in range 10200-10100 PE. FII bought 12.4  K PE and 8.6 K PE were shorted  by them. Retail bought 173 K PE and 130 K PE were shorted  by them.
  • Total Future & Option trading volume at1 6.07  Lakh core with total contract traded at 1.89 lakh , PCR @0.79

 

 

Buy above 10275 Tgt 10300,10320 and 10343 (Nifty Spot Levels)

Sell below 10225 Tgt 10200,10170 and 10140 (Nifty Spot Levels)

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