Nifty EOD Analysis for 30 Dec

  • FII bought 310 contract of Index Future worth 74 cores, Net OI has increased by 3.7 K contract, 2 K Long contract were added by FII and 1.7 K short were added by FII. Net FII Long Short ratio at 1.46, So FII used rise to enter longs and enter shorts.
  • As discussed in last analysis   We saw the effect of Sun Trine Uranus as we broke 12199 we did low of 12118 near our target of 12125,Now waiting for the target of 12070/12025. Bulls will have chance only above 12190 for a move back to 12237/12293. Having a Plan B always help in trading Nifty opened with gap up and once above 12190 bulls were on rampage and did 12237 doing our 1 target and now waiting for the 2 target of 12293. Bears will get active below 12180 for a move back to 12120/12045.

  • Total Future & Option trading volume at 8 Lakh core with total contract traded at 1.11 lakh , PCR @0.82
  • Nifty Jan Future Open Interest Volume is at 1 Lakh core with addition of 8.3 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @12302 closed below it.
  • 12300 CE is having Highest OI at 16.4 Lakh, resistance at 12300 followed by 12400 .11800-12300 CE added 71 Lakh in OI so bears added position in range of 12300-12400.FII bought 35 K CE and 10 K CE were shorted by them. Retailers bought 38 K CE and 73 K CE were shorted by them.
  • 12000 PE OI@27 Lakhs having the highest OI strong support at 12200 followed by 12100 . 12000-12400 PE added 50 Lakh in OI so bulls added position in range 12000-12100.FII bought 19.8 K PE and 26.4 K PE were shorted by them. Retailers bought 215 K PE and 183 K PE were shorted by them.
  • FII’s bought 81 cores and DII’s bought 125 cores in cash segment.INR closed at 71.35

Buy Above 12260 Tgt 12283,12321 and 12341 (Nifty Spot Levels)

Sell Below 12218 Tgt 12200,12183 and 12155 (Nifty Spot Levels)

Leave a Reply