Nifty Analysis Post RBI Policy

  • FII bought 1.2  K contract of Index Future worth 218 cores, Net OI has decreased by 3.1 K contract,974 Long contract were covered by FII and 2.1 K  short were covered by FII. Net FII Long Short ratio at 0.22, So FII used fall to exit longs and exit shorts.
  • As discussed in last analysis   Now Bulls need to close above 12105  for trend to remain bullish and rally to continue towards 12167 /12216. Bears will get active below 12040 for a move back to 11995/11910. Tomorrow is an important Astro Date.As today was an important astro date High and Low of today will be very important. Bulls need to move above 12167 for rally to continue towards 12230/12300. Bears will get active below 12080 for a move back to 12020/11959.

  • Total Future & Option trading volume at 35.44 Lakh core with total contract traded at 1.36 lakh , PCR @0.88
  • Nifty Feb Future Open Interest Volume is at 1.37 Lakh core with liquidation of 0.38 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @12149 closed below it.
  • 12200 CE is having Highest OI at 11.7 Lakh, resistance at 12200 followed by 12200 .12000-12400 CE added 40 Lakh in OI so bears added position in range of 12000-12100.
  • 12000 PE OI@13.9 Lakhs having the highest OI strong support at 12000 followed by 11800. 12000-12200 PE added 34 Lakh in OI so bulls added position in range 12000-11800.
  • FII’s sold 560  cores and DII’s bought 304 cores in cash segment.INR closed at 71.27

Buy Above 12150 Tgt 12170,12195 and 12216 (Nifty Spot Levels)

Sell Below 12120 Tgt 12097,12070 and 12051 (Nifty Spot Levels)

Leave a Reply