Nifty Rallies on CHIRON Ingress

  • FII bought 11.6 K contract of Index Future worth 1043 cores, Net OI has decreased by 5 K contract, 3.3 K Long contract were added by FII and 8.3 K short were covered by FII. Net FII Long Short ratio at 1, So FII used rise to enter longs and exit shorts.
  • As discussed in last analysis  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. Low made was 12023 and bulls were able to do all target on upside so we saw effect of CHIRON Ingress. Now 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.

  • Total Future & Option trading volume at 8.79 Lakh core with total contract traded at 1.08  lakh , PCR @0.75
  • Nifty Dec Future Open Interest Volume is at 1.40 Lakh core with addition of 0.33 Lakh with increase in cost of carry suggesting long  position were added today, NF Rollover cost @12132 closed below it.
  • 12100 CE is having Highest OI at 11 Lakh, resistance at 12100 followed by 12200 .11800-12300 CE added 16 Lakh in OI so bears added position in range of 12100-12200. FII bought 8.4 K CE and 11.6 K CE were shorted by them. Retailers bought 55 K CE and 49 K  CE were shorted by them.
  • 11900 PE OI@16  Lakhs having the highest OI strong support at 11900 followed by 11800 . 11800-12200 PE added 39  Lakh in OI so bulls added position in range 11800-12000.FII bought 19 K PE and 14.3 K PE were shorted by them. Retailers bought 137 K PE and 117 K PE were shorted by them.
  • FII’s bought 115 cores and DII’s bought 384 cores in cash segment.INR closed at 70.96

Buy Above 12100 Tgt 12115,12140 and 12167 (Nifty Spot Levels)

Sell Below 12065 Tgt 12040,12021 and 11995 (Nifty Spot Levels)

Leave a Reply