Nifty Analysis for 01 Jan 2019

  • FII’s bought 6.5 K contract of Index Future worth 549 cores 11.1 K Long contract were added by FII’s and 4.5 K Short contracts were added by FII’s. Net Open Interest increased  by 15.7 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 1.14 . How Much Money Do You Really Need To Trade For A Living
  • As Discussed in Last Analysis   Now bulls will have upper hand till we close above 10817 time cycle low. Bulls need a Daily close above 10890 for a move back to 10935/11000 Bears will get active below 10800 for a move towards 10730/10666.  High made today was 10923  but unable to close above 10890, Bulls need a close above 10890 for a move back to 10935/11000. Bears will get active below 10817 for a move towards 10730/10666. Important intraday time for reversal can be at 1:05/2:57.  Bank Nifty Analysis for 01 Jan 2019

  • Nifty Jan Future Open Interest Volume is at 2.33 core with addition of 9.1 Lakh with  increase in  cost of carry suggesting long  position were added today, NF Rollover cost @10788 closed above it.
  • 11000 CE  is having Highest OI  at 26.4 Lakh, resistance at 10900 followed by 11000 .10400-11000 CE added 3.7  lakh in OI so bears  added position in range of 10800-11000. FII bought 6.2 K CE and 1.8 K CE were shorted by them. Retail bought 83.6  K CE and 79.5 K  CE were shorted by them.
  • 10500 PE OI@ 33.1 Lakhs having the highest OI strong support at 10600 followed by 10500 . 10500-11000 PE added 10.2  Lakh in OI so bulls added position in range 10700-10800 PE. FII bought 21.2 K PE and 1.3 K PE were shorted by them. Retail bought 59.9 K PE and 59.9  K PE were shorted by them.
  • Total Future & Option trading volume at 4.12  Lakh core with total contract traded at 0.91  lakh , PCR @1
  • FII’s sold 326 cores  and DII’s  bought 321 cores in cash segment.INR closed at 69.78. USD INR Weekly Forecast

Buy above 10890 Tgt 10910,10935 and 10973 (Nifty Spot Levels)

Sell below 10840 Tgt 10821,10800 and 10782(Nifty Spot Levels)

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