Nifty EOD Analysis for 22 Jan

  • FII sold 4.8 K contract of Index Future worth 551 cores, Net OI has increased by 15.6  K contract, 5.4 K  Long contract were added by FII and 10.2 K  short were added by FII. Net FII Long Short ratio at 1, So FII used fall to enter  longs and enter  shorts.
  • As discussed in last analysis  Now Bears need to break 12205 for further downside towards 12152/12097/12042. Bulls will get active only above 12265 for a move back to 12318/12365. Nifty bears were able to close below 12205 now waiting for downside target of 12152/12097/12042. Bulls will get active only above 12265 for a move back to 12318/12365.

  • Total Future & Option trading volume at 12.302  Lakh core with total contract traded at 0.96 lakh , PCR @0.89
  • Nifty Jan Future Open Interest Volume is at 1.30  Lakh core with liquidation of 1.6 Lakh with decrease in cost of carry suggesting short position were closed today, NF Rollover cost @12302 closed above it.
  • 12300 CE is having Highest OI at 21 Lakh, resistance at 12300 followed by 12400 .12000-12400 CE added 34 Lakh in OI so bears added position in range of 12300-12400.FII sold 6.3 K CE and 5.9 K CE were shorted by them. Retailers bought 80 K CE and 40.9  K  CE were shorted by them
  • 12000 PE OI@14 Lakhs having the highest OI strong support at 12100 followed by 12000 . 12000-12400 PE added 2 Lakh in OI so bulls added position in range 12000-12100.FII bought 1.4  K PE and 8.6 K PE were shorted by them. Retailers bought 66 K PE and 50 K PE were shorted by them.
  • FII’s sold 50 cores and DII’s sold 307 cores in cash segment.INR closed at 71.25

Buy Above 12197  Tgt 12222,12250 and 12280 (Nifty Spot Levels)

Sell Below 12162  Tgt 12144,12119 and 12100 (Nifty Spot Levels)

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