Nifty Analysis as Sun Trine Uranus

  • FII bought 6.2 K contract of Index Future worth 611 cores, Net OI has increased by 7.8 K contract, 7 K Long contract were added by FII and 785 short were covered by FII. Net FII Long Short ratio at 1.33, So FII used rise to enter longs and enter shorts.
  • As discussed in last analysis  Bears have there chance below 12199 for a move back to 12125/12070/12025.We should see good move in nifty as per time cycle.  Low made was 12213 so bulls held on to 12199 and high made in morning was 12287. As we have Sun Trine Uranus as discussed in below video suggesting we should see good move in market. Plan remains the same Bears have there chance below 12199 for a move back to 12125/12070/12025, Bulls can continue to rally towards 12351 above 12290.

  • Total Future & Option trading volume at 10 Lakh core with total contract traded at 0.97  lakh , PCR @0.99
  • Nifty Jan Future Open Interest Volume is at 51 Lakh core with addition of 18.6 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @12132 closed above it.
  • 12300 CE is having Highest OI at 26 Lakh, resistance at 12300 followed by 12400 .11800-12300 CE added 10 Lakh in OI so bears added position in range of 12300-12400.FII sold 3.8 K CE and 1.2 K shorted CE were covered by them. Retailers bought 88.5 K CE and 49 K  CE were shorted by them.
  • 12100 PE OI@39 Lakhs having the highest OI strong support at 12100 followed by 12000 . 12000-12400 PE added 10  Lakh in OI so bulls added position in range 12000-12100.FII bought 20.6 K PE and 4.5 K PE were shorted by them. Retailers bought 22.9 K PE and 33 K PE were shorted by them.
  • FII’s bought 1463 cores and DII’s sold 1947 cores in cash segment.INR closed at 71.25

Buy Above 12293 Tgt 12312,12340 and 12376 (Nifty Spot Levels)

Sell Below 12245 Tgt 12225,12200 and 12180 (Nifty Spot Levels)

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