Nifty Trade Setup for 18 Feb

  • FII bought 7.1  K contract of Index Future worth 519 cores, Net OI has decreased by 4.2 K contract,1.5 K Long contract were added by FII and 5.6 K  short were covered by FII. Net FII Long Short ratio at 0.21, So FII used fall to enter longs and exit  shorts.
  • As discussed in last analysis  Now Bears need to break 12075 for a move back to 12000/11930, Bulls have there chance above 12150  for a move back to 12000/12246.Nifty is near important support of 12022-12025 as shown in below chart,Fresh shorts should be taken below 12022 for a move towards 11970/11920/11861. Bulls will get active above 12080  for a move back to 12110/12169/12225. Today High and Low break can see a move of 75-100  points in Nifty

  • Total Future & Option trading volume at 10.46  Lakh core with total contract traded at 0.95 lakh , PCR @0.89
  • Nifty Feb Future Open Interest Volume is at 1.23 Lakh core with liquidation of 3.4 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 26  Lakh, resistance at 12100 followed by 12200 .12000-12400 CE added 28 Lakh in OI so bears added position in range of 12100-12300. FII bought 2.5 K CE and 3.3 K shorted CE were covered by them. Retailers bought 169 K CE and 102 K  CE were shorted by them.
  • 12000 PE OI@18Lakhs having the highest OI strong support at 12000 followed by 11900. 12000-12300 PE added 9 Lakh in OI so bulls added position in range 12000-11900.FII bought 4.5 K PE and 2.1K shorted PE were covered by them. Retailers bought 33.3 K PE and 32 K PE were shorted by them.
  • FII’s sold 374 cores and DII’s sold 154 cores in cash segment.INR closed at 71.34

Buy Above 12063 Tgt 12080,12100 and 12125 (Nifty Spot Levels)

Sell Below 12035Tgt 12003,11985 and 11960 (Nifty Spot Levels)

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