Nifty corrects on Venus Squares Jupiter Aspect

  • FII sold 11.9 K contract of Index Future worth 1238 cores, Net OI has increased by 37 K contract,12.8 K Long contract were added by FII and 24.7 shorts were added by FII. Net FII Long Short ratio at 0.28, So FII used fall to enter longs and enter shorts.
  • As discussed in last analysis  Bears closed below 12088 so waiting for the target of 12040/11990. Bulls will get active above 12100 for a mvoe back to 12152/12222. All Bearish target done and Levels given in Intraday on Twitter also achieved the target.Now if Nifty break 11783 we can see fast fall towards 11707/11666/11610. Bulls will get active above 11857 for a move back to 11910/11950.

  • Total Future & Option trading volume at 33.14 Lakh core with total contract traded at 1.07 lakh , PCR @0.76
  • Nifty Feb Future Open Interest Volume is at 1.08 Lakh core with liquidation of 6.7 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @12149 closed below it.
  • 12000 CE is having Highest OI at 47  Lakh, resistance at 11900 followed by 12000 .12000-12400 CE added 40 Lakh in OI so bears added position in range of 12000-12300.FII bought 12.2 K CE contract and 15.6 K CE contract were sold by them,Retailers Bought 289 K CE contract  and 191 K CE contract  were sold by them.
  • 11800 PE OI@30 Lakhs having the highest OI strong support at 11800 followed by 11700. 11800-12300 PE liquidated 11.3 Lakh in OI so bulls covered position in range 12000-11900.FII bought 35.4 K PE contract and 15.8 K CE contract were sold by them,Retailers  Bought 24.9 K PE contract  and 63.5 K PE contract  were sold by them.
  • FII’s sold 1160 cores and DII’s bought 516 cores in cash segment.INR closed at 72.05

Buy Above 11857 Tgt 11885,11910 and 11950  (Nifty Spot Levels)

Sell Below 11783 Tgt 11760,11735 and 11707  (Nifty Spot Levels)

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