Nifty forms DOJI on Time Cycle Date

  • FII bought 1.1 K contract of Index Future worth 15cores, Net OI has decreased by 547 contract, 306 Long contract were added by FII and 853 short were added by FII. Net FII Long Short ratio at 0.87, So FII used fall to enter longs and exit shorts.
  • As discussed in last analysis  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. Low made 11888 so bears unable to break 11881 and bullls got whipsawed above 11666.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.

  • Total Future & Option trading volume at 9.91 Lakh core with total contract traded at 0.97 akh , PCR @0.82
  • Nifty Dec Future Open Interest Volume is at 1.33 Lakh core with liquidation of 1.1 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 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 2  K CE and 7.7 K shorted CE were covered by them. Retailers bought 19.8 K CE and 17.5  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 sold 3.9 K PE and 2.8 K shorted PE were covered  by them. Retailers bought 99 K PE and 83 K  PE were shorted by them.
  • FII’s bought 459  cores and DII’s bought 74 cores in cash segment.INR closed at 71.18

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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