Nifty Ready for a Big move as per Time Cycle

  • FII bought 2 K contract of Index Future worth 108 cores, Net OI has decreased by 4.6 K contract,1.3 K Long contract were covered by FII and 3.3 K  short were covered by FII. Net FII Long Short ratio at 0.19, So FII used fall to exit  longs and exit  shorts.
  • As discussed in last analysis   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. High made was 12246so bulls got whipsawed and bears once below 12225 did 12114 on downside. Now Bears need to break 12075 for a move back to 12000/11930, Bulls have there chance above 12150  for a move back to 12200/12250.Fall started from 14 Feb as per Neural Analysis and another big move will come in next 2 days.

  • Total Future & Option trading volume at 12.46  Lakh core with total contract traded at 1.3 lakh , PCR @0.91
  • Nifty Feb Future Open Interest Volume is at 1.26 Lakh core with liquidation of 3 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @12149 closed above it.
  • 12200 CE is having Highest OI at 24.9  Lakh, resistance at 12200 followed by 12300 .12000-12400 CE added 58 Lakh in OI so bears added position in range of 12200-12300. FII bought 5.6 K CE and 13.7 K CE were shorted by them. Retailers bought 230 K CE and 171 K  CE were shorted by them.
  • 12000 PE OI@14 Lakhs having the highest OI strong support at 12000 followed by 11900. 12000-12300 PE added 19 Lakh in OI so bulls added position in range 12100-12200.FII bought 22.1 K PE and 5.1 K PE were shorted by them. Retailers bought 46.2 K PE and 75 K PE were shorted by them.
  • FII’s sold 704 cores and DII’s bought 219 cores in cash segment.INR closed at 71.45

Buy Above 12131 Tgt 12150,12169 and 12200 (Nifty Spot Levels)

Sell Below 12080 Tgt 12055,12020 and 11995 (Nifty Spot Levels)

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