- FII’s bought 292 contract of Index Future worth 91 cores ,3 K Long contract were added by FII’s and 2.7 K Short contracts were added by FII’s. Net Open Interest increased by 5.8 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 0.60. Time Cycle Stock Scanner for 11-16 Nov
- As Discussed in Last Analysis 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.Another failed attempt to close above 10600 by bulls and low made was 10532 so bears also got whipsawed, Now Nifty is forming a range after a swift rally of 500 points from 10100-10600. As i have discussed before range of 10610-10630 is very imp supply zone as of now Bulls are absorbing the supply but need a close above 10630 for a swift rally till 10710/10777. Bears will get active below 10512 for a move back to 10470/10410. Important intraday time for reversal can be at 1:14/3:03. Bank Nifty break out of gann angle,EOD Analysis
- Nifty Nov Future Open Interest Volume is at 2.37 core with liquidation of 3 Lakh with decrease in cost of carry suggesting short position were closed today, NF Rollover cost @10243 closed above it and rallied 400 points
- 10800 CE is having Highest OI at 29.2 Lakh, resistance at 10650 followed by 10700 .10200-10900 CE added 6.8 lakh in OI so bears added position in range of 10600-10800. FII bought 425 CE and 2.5 K
- shorted CE were covered by them. Retail bought 39.2 K CE and 11.5 K CE were shorted by them.
- 10500 PE OI@25.3 Lakhs having the highest OI strong support at 10500 followed by 10400 . 10000-10700 PE added 0.03 Lakh in OI so bulls added position in range 10400-10500 PE. FII bought 8 K PE and 116 shorted PE were covered by them. Retail bought 47.4 K PE and 41.2 K PE were shorted by them.
- Total Future & Option trading volume at1 10 Lakh core with total contract traded at 1.59 lakh , PCR @0.97
- FII’s bought 277 cores and DII’s sold 272 cores in cash segment.INR closed at 72.32 Currency Technical: USD INR Weekly Analysis for 05 Nov-09 Nov
- Nifty Futures Trend Deciding level is 10616 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 10416. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 10590 Tgt 10610,10635 and 10666 (Nifty Spot Levels)
Sell below 10555 Tgt 10540,10510 and 10485 (Nifty Spot Levels)
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