Nifty Trade Setup for 19 Feb

  • FII sold 2.6  K contract of Index Future worth 459 cores, Net OI has increased by 17.5 K contract,7.4 K Long contract were added by FII and 10.1 K  short were added by FII. Net FII Long Short ratio at 0.25, So FII used fall to enter longs and enter shorts.
  • As discussed in last analysis  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. 11920 done and we got 100 points below Astro date, Till we are below 12022  Bears can move towards 11920/11861. Bulls will get active above 12046 for a move back to 12100/12169.

  • Total Future & Option trading volume at 14.8  Lakh core with total contract traded at 1.29 lakh , PCR @0.79
  • Nifty Feb Future Open Interest Volume is at 1.22 Lakh core with liquidation of 1 Lakh with increase in cost of carry suggesting short position were closed 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 liquidated 3.2 Lakh in OI so bears covered position in range of 12100-12300. FII sold 2.8 K CE and 4.6 K CE were shorted by them. Retailers bought 32 K CE and 26 K  CE were shorted by them.
  • 11900 PE OI@18.7 Lakhs having the highest OI strong support at 11900 followed by 11800. 11000-12300 PE liquidated 6.2 Lakh in OI so bulls covered position in range 12000-11900.FII bought 18.2 K PE and 2.4 K shorted PE were covered by them. Retailers bought 17.3 K PE and 14.9 K PE were shorted by them.
  • FII’s sold 74 cores and DII’s sold 209 cores in cash segment.INR closed at 71.58

Buy Above 12022 Tgt 12046,12070 and 12099 (Nifty Spot Levels)

Sell Below 11970 Tgt 11950,11921 and 11880 (Nifty Spot Levels)

Leave a Reply