Nifty EOD Analysis for 05 Nov

  • FII bought 1.4 K contract of Index Future worth 199 cores, Net OI has increased by 4.5  K contract, 1.5 K Long contract were added by FII and 2.9 K short were covered 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  Bulls need a close above 11948 for a move back to 12000/12080. Bears need a close below 11840 for a move back to 11777/11710. Bulls made high of 11989 but again failed to close above 11948,Bulls need a close above 11948 for a move back to 12002/12057/12112. Bears need a close below 11890 for a move back to 11838/11784/11715. 05 Nov is very important date as per gann.

  • Total Future & Option trading volume at 8.2 Lakh core with total contract traded at 1.04 lakh , PCR @0.90
  • Nifty Nov Future Open Interest Volume is at 1.46 Lakh core with addition of 1.12 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @11814 closed above it. 
  • 12000 CE is having Highest OI at 18 Lakh, resistance at 12000 followed by 12100 .11200-11700 CE added 2 Lakh in OI so bears added position in range of 12000-12100. FII bought 9.4 K CE and 5.3 K CE were shorted by them. Retailers bought 105 K CE and 73 K CE were shorted by them.
  • 11700 PE OI@18 Lakhs having the highest OI strong support at 11700 followed by 11600 . 11000-11700 PE added 11.2 Lakh in OI so bulls added position in range 11600-11700.FII bought 18.3 K PE and 10.7 K PE were shorted by them. Retailers bought 72.1 K PE and 56.2 K PE were shorted by them.
  • FII’s sold 138 cores and DII’s sold 500 cores in cash segment.INR closed at 70.84

Buy Above 11950 Tgt 11975,12000 and 12029 (Nifty Spot Levels)

Sell Below 11921 Tgt 11900,11870 and 11843 (Nifty Spot Levels)

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