Nifty Makes new Life High,EOD Analysis

  • FII sold 1 K contract of Index Future worth 44 cores, Net OI has decreased by 19 K contract, 9.9 K Long contract were added by FII and 10.1 short were added by FII. Net FII Long Short ratio at 0.98, So FII used rise to enter longs and enter  shorts.
  • As discussed in last analysis  Nifty Bulls  got whipsawed today, As per time cycle big move should be seen in next 2 days.Bulls need a close above 12100 for a move towards 12167/12240. Bears have there chance below 12020 for a move back to 11940/11881. We got the big move as per expectation,importance of time cycle, Many Traders are blindly shorting market as its economy is having issues or market has risen too much too fast, remmber market run on liquidity and levels will only help you to make profit in this kind of market. If you trade as per your emotions you will short every rise and buy every decline which will only lead to losses. I also used to do these kind of mistakes but with proper training i got from my Guru and fine tuning the brain help in making money in all kind of market conditions. Now we are near our imprtant number 12167 closed just below it. Bulls need a close above 12180 for a move towards 12235/12290. Bears have there chance below 12125 for a move back to 12070/12025.

  • Total Future & Option trading volume at 9.99 Lakh core with total contract traded at 0.90  lakh , PCR @0.98
  • Nifty Dec Future Open Interest Volume is at 1.35 Lakh core with addition of 0.49 Lakh with increase in cost of carry suggesting long position were closed today, NF Rollover cost @12132 closed above it.
  • 12200 CE is having Highest OI at 12.8 Lakh, resistance at 12200 followed by 12300 .11800-12300 CE liquidated 10 Lakh in OI so bears covered position in range of 12100-12200. FII bought 8.4 K CE and 321 CE were shorted by them. Retailers sold  47 K CE and 11.1  K shorted CE were covered by them.
  • 12000 PE OI@22 Lakhs having the highest OI strong support at 12000 followed by 11900 . 11800-12200 PE added 19  Lakh in OI so bulls added position in range 11900-12000.FII sold 3.8 K PE and 12.5 K PE were shorted by them. Retailers bought 145 K PE and 83  K PE were shorted by them.
  • FII’s bought 1248 cores and DII’s sold 908 cores in cash segment.INR closed at 71.06

Buy Above 12180 Tgt 12205,12235 and 12251 (Nifty Spot Levels)

Sell Below 12124 Tgt 12100,12075 and 12050 (Nifty Spot Levels)

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