Nifty EOD Analysis for 23 Dec

  • FII bought 7.5 K contract of Index Future worth 708 cores, Net OI has increased by 1.5 K contract, 4.5 K Long contract were added by FII and 2.9 K short were covered by FII. Net FII Long Short ratio at 1.26, So FII used rise to enter longs and exit shorts.
  • As discussed in last analysis  waiting for target of 12290/12351. At 12351 we are completing cycle which started from 11910 as per gann analysis. 12290 done now waiting for 12351. Bears have there chance below 12199 for a move back to 12125/12070/12025.We should see good move in nifty as per time cycle.

  • Total Future & Option trading volume at 7.32 Lakh core with total contract traded at 0.79  lakh , PCR @0.91
  • Nifty Dec Future Open Interest Volume is at 1.27 Lakh core with liquidation of 5.7 Lakh with increase in cost of carry suggesting long position were closed today, NF Rollover cost @12132 closed above it.
  • 12300 CE is having Highest OI at 24.6 Lakh, resistance at 12300 followed by 12400 .11800-12300 CE added 7.1 Lakh in OI so bears added position in range of 12300-12400.FII bought 19.2 K CE and 3.7 K CE were shorted by them. Retailers bought 45.7 K CE and 63.9 K  CE were shorted by them.
  • 12000 PE OI@39 Lakhs having the highest OI strong support at 12000 followed by 11900 . 12000-12400 PE added 17.4  Lakh in OI so bulls added position in range 12000-12100.FII bought 12.4 K PE and 15.7 K PE were shorted by them. Retailers bought 110 K PE and 98.7 K PE were shorted by them.
  • FII’s bought 338 cores and DII’s sold 285 cores in cash segment.INR closed at 71.16

Buy Above 12293 Tgt 12312,12340 and 12376 (Nifty Spot Levels)

Sell Below 12245 Tgt 12225,12200 and 12180 (Nifty Spot Levels)

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