Nifty Analysis for 10 Jan

  • FII bought 12.1 K contract of Index Future worth 1444 cores, Net OI has increased by 3.4 K contract, 7.8 K Long contract were added by FII and 4.3 K  short were covered by FII. Net FII Long Short ratio at 1.11, So FII used fall to enter longs and exit shorts.
  • As discussed in last analysis   Now we will open gap up tomorrow. Bulls need to move above 12111 for a move back towards 12160/12200. Bears will get active below 11999 for a move back to 11954/11910. Nifty opened with gap up again and above our levels, Trading is about embracing on Uncertainty and never be biased which come with “LOT” of practices. If Traders goes in your favor get the max out of it and if it goes against us get out immediately and wait for next opportunity. We have important Astro date tomorrow which will decide the next trend in market.Bulls need to move above 12225 for a move back towards 12280/12321. Bears will get active below 12168 for a move back towards 12113/12058

  • Total Future & Option trading volume at 32.8 Lakh core with total contract traded at 1.48 lakh , PCR @0.98
  • Nifty Jan Future Open Interest Volume is at 1.31 Lakh core with addition of 11 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @12302 closed below it.
  • 12200 CE is having Highest OI at 29.5 Lakh, resistance at 12150 followed by 12200 .11800-12300 CE liquidated 3.7 Lakh in OI so bears covered position in range of 12200-12100.
  • 11900 PE OI@21.4 Lakhs having the highest OI strong support at 11900 followed by 11800 . 12000-12400 PE added 7.6 Lakh in OI so bulls added position in range 12100-12200.
  • FII’s sold 431 cores and DII’s bought 419 cores in cash segment.INR closed at 71.32

Buy Above 12225  Tgt 12250,12280 and 12321 (Nifty Spot Levels)

Sell Below 12185 Tgt 12160,12140 and 12110 (Nifty Spot Levels)

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