Nifty Analysis for Last Trading day of 2018

  • FII’s bought 7.4 K contract of Index Future worth 632 cores 6.2 K Long contract were added by FII’s and 1.1 K Short contracts were covered by FII’s. Net Open Interest increased  by 5 K contract, so rise in Nifty was used by FII’s to enter long and exit  short in  Index futures.FII’s Long to Short Ratio at 1 . How Much Money Do You Really Need To Trade For A Living
  • As Discussed in Last Analysis   Now Bears will get active below 10725 for a move towards 10666/10610. Bulls will get active above 10810 for a move towards 10882/10940. Low made was 10817 and high made was 10890 near our target of 10882. 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 10835/110000. Bears will get active below 10800 for a move towards 10730/10666 .Important intraday time for reversal can be at 10/11:28/2:28. Bank Nifty close above 27000 on time cycle date

  • Nifty Jan Future Open Interest Volume is at 2.24 core with addition of 1.3 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 24.5 Lakh, resistance at 10900 followed by 11000 .10400-11000 CE liquidated 0.45  lakh in OI so bears  covered position in range of 10800-11000. FII bought 14.2 K CE and 501 shorted CE were covered by them. Retail bought 61.7 K CE and 69.1 K  CE were shorted by them.
  • 10500 PE OI@ 32.3 Lakhs having the highest OI strong support at 10600 followed by 10500 . 10500-11000 PE added 10.7  Lakh in OI so bulls added position in range 10700-10800 PE. FII bought 28.5 K PE and 6.1 K PE were shorted by them. Retail bought 123 K PE and 117 K PE were shorted by them.
  • Total Future & Option trading volume at 21.62  Lakh core with total contract traded at 1.80  lakh , PCR @0.85

Buy above 10990 Tgt 10910,10935 and 10973 (Nifty Spot Levels)

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

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