Nifty Analysis for 01 Jan 2020

  • FII sold 7.4 K contract of Index Future worth 691 cores, Net OI has decreased by 2.3 K contract, 4.9 K Long contract were liquidated by FII and 2.5 K  short were added by FII. Net FII Long Short ratio at 1.20, So FII used rise to exit longs and enter shorts.
  • As discussed in last analysis  Today was Mercury Ingress so today high and low will decide the next 75-100 points move in bank Nifty.Bears will get active below 12200 for a move back to 12149/12080.Bulls will get active above 12290 for a move back to 12351/12400. Wishing All Blog Readers a very Happy and Prosperous New Year.  Nifty has broken the low of Mercury Ingress and did our 1 target of 12151 and  now we are waiting for target of 12080.Bulls will get active above 12250 for a move back to 12290/12351.

  • Total Future & Option trading volume at 11 Lakh core with total contract traded at 0.95 lakh , PCR @0.80
  • Nifty Jan Future Open Interest Volume is at 1.22 Lakh core with addition of 1.54 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @12302 closed below 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 7.7  K CE and 3.8 K CE were shorted by them. Retailers bought 151 K CE and 87 K CE were shorted by them.
  • 12200 PE OI@26 Lakhs having the highest OI strong support at 12200 followed by 12100 . 12000-12400 PE added 4 Lakh in OI so bulls added position in range 12000-12100.FII bought 12.8 K PE and 7.1 K shorted PE were covered by them. Retailers sold 61  K PE and 18.7 K shorted PE were covered by them.
  • FII’s sold 1265 cores and DII’s bought 585 cores in cash segment.INR closed at 71.50

Buy Above 12190 Tgt 12210,12225 and 12250 (Nifty Spot Levels)

Sell Below 12150 Tgt 12131,12110 and 12085 (Nifty Spot Levels)

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