Nifty EOD Analysis for 13 Dec

  • FII bought 6.9 K contract of Index Future worth 719 cores, Net OI has increased by 654 contract, 3.8 K Long contract were added by FII and 3.1 K short were covered by FII. Net FII Long Short ratio at 0.95, So FII used rise to enter longs and exit shorts.
  • As discussed in last analysis  Bears will get active below 11881 for a move back to 11830/11775. Bulls will get active above 11941 for a move back to 11995/12050. 11995 done, We have very important Time cycle date tomorrow as CHIRON is going ingress happens 3 times in a year lead to good move in Index, Nifty Bulls need close above 12000 for a move towards 12050/12100. Bears will become active below 11941 for a move back to 11886/11832.

  • Total Future & Option trading volume at 20.1 Lakh core with total contract traded at 1.05  lakh , PCR @0.77
  • Nifty Dec Future Open Interest Volume is at 1.40 Lakh core with addition of 4.7 Lakh with increase in cost of carry suggesting long  position were closed today, NF Rollover cost @12132 closed below it.
  • 12000 CE is having Highest OI at 11.3 Lakh, resistance at 12000 followed by 12100 .11800-12300 CE added 28 Lakh in OI so bears added position in range of 12000-12100.
  • 11900 PE OI@14  Lakhs having the highest OI strong support at 11900 followed by 11800 . 11800-12200 PE added 33  Lakh in OI so bulls added position in range 11800-12000.
  • FII’s sold 683 cores and DII’s bought 810 cores in cash segment.INR closed at 70.89

Buy Above 12000 Tgt 12025,12050 and 12078 (Nifty Spot Levels)

Sell Below 11940 Tgt 11920,11890 and 11861 (Nifty Spot Levels)

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