Nifty Hits All Time High on Venus Ingress, EOD Analysis

  • FII bought 42 K contract of Index Future worth 3914 cores, Net OI has increased by 26.5 K contract, 34.4 K  Long contract were added  by FII and 7.9 K short were liquidated by FII. Net FII Long Short ratio at 0.99, So FII used rise to enter  longs and exit shorts. Rise in premium in Nifty today was due to FII buying as many FII have kept 12103 as SL for shorts and also we saw rollover for next series.
  • As discussed in last analysis    Bulls were able to do all 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. 12104 done and now waiting for 12167/12225. 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.

  • Total Future & Option trading volume at 13.91 Lakh core with total contract traded at 1.18 lakh , PCR @0.96
  • Nifty Dec Future Open Interest Volume is at 80 Lakh core with addition of 41 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 sold 437 CE and 1.6 K CE were shorted  by them.. Retailers bought 59 K CE and 42 K  CE were shorted 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 bought 15 K PE and 10  K PE were shorted by them. Retailers bought 11  K PE and 12  K PE were shorted by them.
  • FII’s bought 960 cores and DII’s sold 213 cores in cash segment.INR closed at 71.50

Buy Above 12060 Tgt 12084,12100 and 12130 (Nifty Spot Levels)

Sell Below 11999 Tgt 11980,11950 and 11920 (Nifty Spot Levels)

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