Nifty EOD Analysis for 25 Sep

  • FII bought 10.3 K contract of Index Future worth 886 cores, Net OI has increased by 224  contract, 5.2 K Long contract were added by FII and 2.2 K short were added by FII. Net FII Long Short ratio at 0.80, So FII used rise to enter longs and enter shorts.
  • As Discussed in Last Analysis  Now Bulls need a close above 11621 for upmove to continue towards 11687/11730/11810. Bears will get active below 11560 for a move back to 11512/11430. Till we are holding 11370 for we can need rally towards 12100. Bears and Bulls both got whipsawed in an Inside day with DOJI candel formed today. Bulls need a close above 11621 for upmove to continue towards 11687/11730/11810. Bears will get active below 11525 for a move back to 11471/11420.

  • Total Future & Option trading volume at 13.69  Lakh core with total contract traded at 1.98 lakh , PCR @0.98
  • Nifty Sep Future Open Interest Volume is at 1.36 core with liquidation of 28 Lakh with increase in  cost of carry suggesting long position were closed today, NF Rollover cost @11050 closed above it.
  • 11700 CE is having Highest OI at 22 Lakh, resistance at 11700 followed by 11800 .11200-11700 CE added 12  Lakh in OI so bears added position in range of 11600-11700. FII sold 6.7 K CE Long and 5.9 K CE were shorted by them. Retails bought 110 K CE and 59.6 K  CE were shorted by them. 
  • 11500 PE OI@30 Lakhs having the highest OI strong support at 11500 followed by 11400 . 11200-11700 PE added 20 Lakh in OI so bulls added position in range 11500-11600.FII bought 8.9 K PE Long and 2.1 K shorted PE were covered by them. Retails bought 2.4 K  PE and 9.1 K PE were shorted by them. 
  • FII’s  sold 828 cores and DII’s bought 472 cores in cash segment.INR closed at 71.04

Buy Above 11600 Tgt 11621,11651 and 11687 (Nifty Spot Levels)

Sell Below 11576 Tgt 11555,11525 and 11496 (Nifty Spot Levels)

 

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