Nifty EOD Analysis for 14 Feb

  • FII sold 17.1  K contract of Index Future worth 1235 cores, Net OI has decreased by 5.9 K contract,11.5 K Long contract were covered by FII and 5.5 K  short were added by FII. Net FII Long Short ratio at 0.20, So FII used fall to exit  longs and enter shorts.
  • As discussed in last analysis  Now we have Weekly Expiry tomorrow Bank Nifty Bulls above 12240  can rally towards 12288/12323. Bears will get active below 12188 for a move back to 12144/12080. Bears were able to do 1 target on downside below 12188. Now as we have Weekly closing tomorrow Bears have upper hand till we are below 12225 and can push index towards 12114/12060. Bulls will get active above 12195 for a move back to 12250/12301

  • Total Future & Option trading volume at 28 Lakh core with total contract traded at 1 lakh , PCR @0.72
  • Nifty Feb Future Open Interest Volume is at 1.29 Lakh core with liquidation of 2.3 Lakh with decrease in cost of carry suggesting short position were closed today, NF Rollover cost @12149 closed above it.
  • 12200 CE is having Highest OI at 15 Lakh, resistance at 12200 followed by 12300 .12000-12400 CE added 38 Lakh in OI so bears added position in range of 12200-12300.
  • 12100 PE OI@10Lakhs having the highest OI strong support at 12100 followed by 12000. 12000-12300 PE added 19 Lakh in OI so bulls added position in range 12100-12200.
  • FII’s bought 1061 cores and DII’s sold 960 cores in cash segment.INR closed at 71.39

Buy Above 12183 Tgt 12220,12240 and 12265 (Nifty Spot Levels)

Sell Below 12155 Tgt 12136,12110 and 12080 (Nifty Spot Levels)

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