Nifty Analysis ahead of Maharastra floor test

  • FII bought 23.8 K contract of Index Future worth 1953 cores, Net OI has decreased by 203 contract, 11.8 K  Long contract were added  by FII and 12 K short were liquidated by FII. Net FII Long Short ratio at 0.66, So FII used rise to enter  longs and exit shorts.
  • As discussed in last analysis    Now Bulls need to move above 11920 for a move back to 11977/12038. Bears will get active below 11876 for a move towards 11821/11777. Bulls were able to do qll target on upside till 12038 and now waiting for a 12104/12167 till we are holding 12038. Bears will get active below 12025 for a move back to 11970/11920.Tomorrow is important Astro Date

  • Total Future & Option trading volume at 10 Lakh core with total contract traded at 1.55  lakh , PCR @0.87
  • Nifty Nov Future Open Interest Volume is at 1.18 Lakh core with liquidation of 13 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @11814 closed above it.

 

  • 12100 CE is having Highest OI at 24 Lakh, resistance at 12100 followed by 12200 .11500-12000 CE liquidated 10 Lakh in OI so bears added position in range of 12000-12200. FII bought 9.4 K CE and 14.5 K shorted CE were covered by them.. Retailers sold 110 K CE and 44 K  shorted CE were covered by them.
  • 12000 PE OI@48 Lakhs having the highest OI strong support at 12000 followed by 11900 . 11500-12000 PE added  16 Lakh in OI so bulls added position in range 11900-11850.FII sold 1.5 K PE and 15.8  K PE were shorted by them. Retailers bought 228  K PE and 139  K PE were shorted by them.
  • FII’s bought 960 cores and DII’s sold 213 cores in cash segment.INR closed at 71.74

Buy Above 12084 Tgt 12104,12130 and 12167 (Nifty Spot Levels)

Sell Below 12025 Tgt 12000,11970 and 11943 (Nifty Spot Levels)

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