Nifty Break 11881,EOD Analysis

  • FII sold 214 contract of Index Future worth 141 cores, Net OI has increased by 5.6 K contract, 2.7 K Long contract were added by FII and 2.9 K short were added by FII. Net FII Long Short ratio at 0.87, So FII used fall to enter longs and enter shorts.
  • As discussed in last analysis  We formed a perfect DOJI on time cycle date suggesting break of todays high or low we can see at least 100-150 points move in Nifty, Bulls need to move above 11960 for a move back to 12000/12080/12140. Bears will get active below 11881 for a move back to 11801/11740. High made was 11953 so bulls unable to break 11960 and bears once below 11881 did 11844 now waiting for 11801/11740 to come. Bulls have there chance only above 11910 for a move back to 11960/12000.

  • Total Future & Option trading volume at 9.83 Lakh core with total contract traded at 0.97 lakh , PCR @0.96
  • Nifty Dec Future Open Interest Volume is at 1.34 Lakh core with addition of 0.87 Lakh with increase in cost of carry suggesting short  position were added today, NF Rollover cost @12132 closed below it.

 

  • 12000 CE is having Highest OI at 29  Lakh, resistance at 12000 followed by 12100 .11800-12300 CE added 24 Lakh in OI so bears added position in range of 12000-12200.FII bought 6 K CE and 11 K CE were shorted by them. Retailers bought 91 K CE and 57  K  CE were shorted by them.
  • 11800 PE OI@13.6  Lakhs having the highest OI strong support at 11900 followed by 11800 . 11800-12200 PE liquidated 4.7 Lakh in OI so bulls covered position in range 11800-12000. FII bought 9.5 K PE and 648 PE were shorted by them. Retailers sold 14.4 K PE and 2 K  PE were shorted by them.
  • FII’s sold 366 cores and DII’s bought 228 cores in cash segment.INR closed at 71.04

Buy Above 11885 Tgt 11910,11938 and 11960 (Nifty Spot Levels)

Sell Below 11844 Tgt 11820,11800 and 11776 (Nifty Spot Levels)

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