Nifty EOD Analysis for 21 Nov

  • FII’s bought 2.8  K contract of Index Future worth 170 cores ,905 Long contract were added by FII’s and 1.9 K  Short contracts were added by FII’s. Net Open Interest decreased  by 1 K contract, so fall in Nifty was used by FII’s to enter long and exit short in  Index futures.FII’s Long to Short Ratio at 0.69. How Emotions Hijack trading
  • As Discussed in Last Analysis Nifty closed above the gann angle has been rallying on continues basis,Now Bulls need to protect 10712 for the rally to continue till 10830/10888/10850. Bearish below 10680 for a move back to 10610/10555. Bearish trade got activated and now waiting for a target of 10610/10555.Bullish above 10712 for a move back to 10730/10800/10850. Important intraday time for reversal can be at 10:16/12:49/3:11. Bank Nifty continue to rally above gann angle,EOD Analysis

 

 

  • Nifty Nov Future Open Interest Volume is at 2.40 core with liquidation of 7.3 Lakh with decrease in  cost of carry suggesting long position were closed today, NF Rollover cost @10243 closed above it and rallied 400 points

 

  • 10800 CE  is having Highest OI  at 36 Lakh, resistance at 10700 followed by 10800 .10200-10900 CE added 7.9 lakh in OI so bears  added position in range of 10600-10800. FII sold 3.4 K CE and 4.2 K CE were  added by them. Retail bought 148  K CE and 64.8 K CE were shorted  by them.

 

  • 10500 PE OI@35  Lakhs having the highest OI strong support at 10500 followed by 10400 . 10000-10700 PE liquidated 16.3 Lakh in OI so bulls covered position in range 10400-10500 PE. FII bought 2.6  K PE and 2.7 K PE were shorted  by them. Retail sold 38.7 K PE and 6.7 K shorted  PE were covered by them.
  • Total Future & Option trading volume at1 6.59 Lakh core with total contract traded at 1.23 lakh , PCR @1

 

 

Buy above 10680 Tgt 10700,10721 and 10750 (Nifty Spot Levels)

Sell below 10621 Tgt 10600,10580 and 10555 (Nifty Spot Levels)

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