Nifty Cracks on Astro Date,EOD Analysis

  • FII bought 3.7 K contract of Index Future worth 240 cores, Net OI has increased by 5.7 K contract, 4.7 K Long contract were added by FII and 978 short were added by FII. Net FII Long Short ratio at 0.86, So FII used fall to enter longs and enter shorts.
  • As discussed in last analysis   Low made was 11998 so bears did not got a chance now waiting for break of 11984 to become active for a move towards 11938/11883. Bulls will get active above 12081 for a move back to 12167.As per time cycle we should see a good move in next 2 trading sessions. Astro Time cycle rocked again as we got the big move as per our expectation low made was 11888 almost near our target of 11181.Now Bears need a move below 11881 for move towards 11838/11784. Bulls have chance only above 11966 for a move back to 12020/12080.

  • Total Future & Option trading volume at 30 Lakh core with total contract traded at 1.20 akh , PCR @0.82
  • Nifty Dec Future Open Interest Volume is at 1.34 Lakh core with addition of 2.7  Lakh with increase in cost of carry suggesting long  position were added today, NF Rollover cost @12132 closed below it.

 

  • 12000 CE is having Highest OI at 17.9 Lakh, resistance at 12000 followed by 12100 .11800-12300 CE added 7 Lakh in OI so bears added position in range of 12000-12200.FII bought 13.6 K CE and 15.9 K CE were shorted by them. Retailers bought 267 K CE and 199 K  CE were shorted by them.
  • 11800 PE OI@11.2 Lakhs having the highest OI strong support at 11900 followed by 11800 . 11800-12200 PE added 10 Lakh in OI so bulls added position in range 11800-12000. FII bought 41.9 K PE and 8.1 K PE were shorted by them. Retailers bought 53 K PE and 83 K  PE were shorted by them.
  • FII’s sold 867  cores and DII’s bought 210 cores in cash segment.INR closed at 71.22

Buy Above 11956 Tgt 11978,12000 and 12022 (Nifty Spot Levels)

Sell Below 11910 Tgt 11881,11855 and 11821 (Nifty Spot Levels)

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