Nifty EOD Analysis for November Expiry

  • FII sold 3.9 K contract of Index Future worth 370 cores, Net OI has increased by 2.6 K contract, 631 Long contract were added  by FII and 3.2 K short were liquidated by FII. Net FII Long Short ratio at 0.96, So FII used rise to exit longs and enter shorts.
  • As discussed in last analysis   Now bulls need a close above 12060 for the up move to continue till 12104/12167. Bears have there change below 11999 for a move back to 11930/11881. Todays High and Low break can easily see 75-100 points move in nifty. Nifty did 12104 above 12060 and formed inside bar and NR7 today suggesting another big move is round the corener. Now bulls need a close above 12115 for the up move to continue till 12167/12225. Bears have there change below 11999 for a move back to 11930/11881.

  • Total Future & Option trading volume at 12.08 Lakh core with total contract traded at 1.18 lakh , PCR @1.01
  • Nifty Dec Future Open Interest Volume is at 1.13 Lakh core with addition of 32 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 27 Lakh, resistance at 12100 followed by 12200 .12000-12300 CE liquidated 5.2 Lakh in OI so bears covered  position in range of 12000-12200. FII bought 5.7 K CE and 2.1 K CE were shorted  by them.Retailers bought 20.7 K CE and 3.2 K  CE were shorted by them.
  • 12000 PE OI@45 Lakhs having the highest OI strong support at 12000 followed by 11900 . 12000-12200 PE added  21 Lakh in OI so bulls added position in range 12000-12100.FII sold 45 PE and 3.2 K PE were shorted by them. Retailers bought 103 K PE and 72  K PE were shorted by them.
  • FII’s bought 42 cores and DII’s bought 439 cores in cash segment.INR closed at 71.35

Buy Above 12116 Tgt 12141,12167 and 12193 (Nifty Spot Levels)

Sell Below 12080 Tgt 12065,12035 and 12000 (Nifty Spot Levels)

Upper End of Expiry : 12193

Lower End of Expiry : 12008

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