Nifty Ready for another Big move,EOD Analysis

  • FII bought 8.4 K contract of Index Future worth 819 cores, Net OI has increased by 10.4 K contract, 9.4 K Long contract were added by FII and 988 short were added by FII. Net FII Long Short ratio at 1.16, So FII used rise to enter longs and enter  shorts.
  • As discussed in last analysis  12235 done now waiting for target of 12290/12321. Bears have there chance below 12180 for a move back to 12125/12070/12025.12268 Done waiting for target of 12290/12351. At 12351 we are completing cycle which started from 11910 as per gann analysis. 12351 should be watched closely. Bears have there chance below 12180 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 28.12  Lakh core with total contract traded at 0.93  lakh , PCR @0.78
  • Nifty Dec Future Open Interest Volume is at 1.33 Lakh core with liquidation of 0.17 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @12132 closed above it.
  • 12200 CE is having Highest OI at 20.9 Lakh, resistance at 12200 followed by 12300 .11800-12300 CE liquidated 12.5 Lakh in OI so bears added position in range of 12100-12200.
  • 12000 PE OI@39 Lakhs having the highest OI strong support at 12000 followed by 11900 . 11800-12200 PE added 39  Lakh in OI so bulls added position in range 11900-12000.
  • FII’s bought 739 cores and DII’s sold 493 cores in cash segment.INR closed at 71.04

Buy Above 12270 Tgt 12290,12316 and 12343 (Nifty Spot Levels)

Sell Below 12230 Tgt 12210,12190 and 12162 (Nifty Spot Levels)

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