Nifty continue its fall

  • FII’s sold 45.8  K contract of Index Future worth 3600 cores 27.5 K Long contract were covered by FII’s and 17.8 KShort contracts were added by FII’s. Net Open Interest decreased  by 9.7 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 0.96 Learn How to Pull the Trigger on a Trade
  • As Discussed in Last Analysis   Bears will have upperhand till we are below 10857 and can move towards 10730/10666/10610. Bulls will get active above 10857 for a move back to 10885/10930. 10730 done. Fresh shorts should be taken below 10710 for a move towards 10666/10610.Bulls will get active above 10800 for a move back to 10857/10885/10930.

  • Nifty Feb Future Open Interest Volume is at 2.11 core with liquidation of 11 Lakh with  increase in  cost of carry suggesting short position were closed today, NF Rollover cost @10727 closed above it
  • 11000 CE  is having Highest OI  at 42.2  Lakh, resistance at 10900 followed by 11000 .10400-11000 CE added 19.1  lakh in OI so bears  added position in range of 10800-10900. FII sold 5.6  K CE and 6 K CE were shorted by them. Retail sold 301 K CE and 205 K CE were shorted by them.
  • 10700 PE OI@ 30.9  Lakhs having the highest OI strong support at 10700 followed by 10600 . 10500-11000 PE added 0.36  Lakh in OI so bulls added position in range 10700-10600 PE. FII bought 3 K PE and 16.6 K  shorted PE were covered by them. Retail sold 113  K PE and 90.5  K shorted PE were covered by them.
  • Total Future & Option trading volume at 15.89 Lakh core with total contract traded at 1.43lakh , PCR @0.74

Buy above 10760 Tgt 10786,10800 and 10821 (Nifty Spot Levels)

Sell below 10730 Tgt 10710,10690 and 10666 (Nifty Spot Levels)

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