Nifty reversed on time cycle date of 13 Nov,EOD Analysis

  • FII’s sold 6.2 K  contract of Index Future worth 111 cores ,3.9 K Long contract were covered by FII’s and 2.2 K  Short contracts were added by FII’s. Net Open Interest decreased  by 1.7 K contract, so rise in Nifty was used by FII’s to exit long and enter short in  Index futures.FII’s Long to Short Ratio at 0.60. Time Cycle Stock Scanner for 11-16 Nov
  • As Discussed in Last Analysis  Nifty failed to close above 10600 again as 13 Nov imp date so below 10470 can see fall towards 10410/10370. Bull need to close above 10525 for a move back to 10570/10610.Nifty bears got whipsawed but bulls made a 10596  near our target of 10610 we saw good reversal on time cycle date of 13 Nov. Now Bulls need a close above 10610 for rally to sustain all the way till 10666/10712. Bearish below 10540 for a move back to 10485/10410. Important intraday time for reversal can be at 12:19/2:06.  Bank Nifty reversed on time cycle date of 13 Nov,EOD Analysis

 

 

  • Nifty Nov Future Open Interest Volume is at 2.40 core with liquidation of 1.96 Lakh with increase in  cost of carry suggesting short position were closed today, NF Rollover cost @10243 closed above it and rallied 400 points

 

  • 10700 CE  is having Highest OI  at 26 Lakh, resistance at 10650 followed by 10700 .10200-10900 CE added 2.2 lakh in OI so bears  added position in range of 10600-10800. FII bought 9.4 K CE and 4  K CE were
  • shorted by them. Retail sold 64.3  K CE and 27.4 K shorted  CE were covered by them.

 

  • 10500 PE OI@22.8  Lakhs having the highest OI strong support at 10500 followed by 10400 . 10000-10700 PE added 3.6 Lakh in OI so bulls added position in range 10300-10400 PE. FII bought 11.5  K PE and 5.6 K PE were shorted  by them. Retail bought 116 K PE and 79.8 K PE were shorted  by them.
  • Total Future & Option trading volume at1 7.36 Lakh core with total contract traded at 1.48 lakh , PCR @0.92

 

 

Buy above 10610 Tgt 10635,10666 and 10685 (Nifty Spot Levels)

Sell below 10555 Tgt 10540,10510 and 10485 (Nifty Spot Levels)

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