Nifty Dec Expiry Analysis

  • FII sold 4.6 K contract of Index Future worth 469 cores, Net OI has increased by 994 contract, 1.8 K Long contract were liquidated by FII and 2.8 K short were added by FII. Net FII Long Short ratio at 1.27, So FII used rise to exit longs and enter shorts.
  • As discussed in last analysis  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.  Low made was 12202, Bears have there chance below 12199 for a move back to 12125/12070/12025, Bulls need close above 12250 for a move back to 12290/12343.

  • Total Future & Option trading volume at 10.80 Lakh core with total contract traded at 1.02  lakh , PCR @0.97
  • Nifty Jan Future Open Interest Volume is at 81 Lakh core with addition of 30 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 34 Lakh, resistance at 12300 followed by 12400 .11800-12300 CE added 13.6 Lakh in OI so bears added position in range of 12300-12400.FII sold 5.3 K CE and 447 CE were shorted by them. Retailers bought 85.2 K CE and 45.6 K CE were shorted by them.
  • 12200 PE OI@28 Lakhs having the highest OI strong support at 12200 followed by 12100 . 12000-12400 PE liquidated 32 Lakh in OI so bulls covered position in range 12000-12100.FII bought 19.6 K PE and 642 PE were shorted by them. Retailers sold 38.8 K PE and 246 PE were shorted by them.
  • FII’s sold 114 cores and DII’s sold 345 cores in cash segment.INR closed at 71.26

Buy Above 12238 Tgt 12260,12283 and 12312 (Nifty Spot Levels)

Sell Below 12200 Tgt 12183,12160 and 12140 (Nifty Spot Levels)

Upper End of Expiry : 12289

Lower End of Expiry : 12140

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