Nifty Analysis for last trading day of 2019

  • FII sold 5.2 K contract of Index Future worth 337 cores, Net OI has decreased by 4.4 K contract, 4.8 K Long contract were liquidated by FII and 397  short were added by FII. Net FII Long Short ratio at 1.36, So FII used rise to exit longs and enter shorts.
  • As discussed in last analysis   Having a Plan B always help in trading Nifty opened with gap up and once above 12190 bulls were on rampage and did 12237 doing our 1 target and now waiting for the 2 target of 12293. Bears will get active below 12180 for a move back to 12120/12045. 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.

  • Total Future & Option trading volume at 10 Lakh core with total contract traded at 0.73 lakh , PCR @0.98
  • Nifty Jan Future Open Interest Volume is at 1.21 Lakh core with liquidation of 0.55 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @12302 closed above it.
  • 12300 CE is having Highest OI at 24 Lakh, resistance at 12300 followed by 12400 .11800-12300 CE added 27 Lakh in OI so bears added position in range of 12300-12400.FII bought 1.7  K CE and 3 K CE were shorted by them. Retailers bought 154 K CE and 111 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 14 Lakh in OI so bulls added position in range 12000-12100.FII bought 10.5 K PE and 1 K PE were shorted by them. Retailers bought 49  K PE and 51 K PE were shorted by them.
  • FII’s sold 130 cores and DII’s bought 201 cores in cash segment.INR closed at 71.35

Buy Above 12260 Tgt 12283,12321 and 12341 (Nifty Spot Levels)

Sell Below 12218 Tgt 12200,12183 and 12155 (Nifty Spot Levels)

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