Nifty EOD Analysis for 13 April

  • FII bought 10.3 K contract of Index Future worth 754 cores, Net OI has increased by 10 K contract, 10.4 K Long contract were added by FII and 160 shorts were added by FII. Net FII Long Short ratio at 0.78, So FII used rise to enter longs and enter shorts.
  •  As discussed in last analysis  Now bears need to break 8650 for a move towards 8566/8520/8428/8382. Bulls need a close above 8900 for a move back towards 8989/9032/9084/9132.Nifty did 2 target on upside as low made was 8904, and now bulls need to move above 9166 for a move back to 9300/9410/9497. Bears will get active below 9010 for a move towards 8900/8836/8710.

  • Total Future & Option trading volume at 8.2 Lakh core with total contract traded at 3 lakh , PCR @0.89
  • Nifty April Future Open Interest Volume is at 1 Lakh core with addition of 7.1 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @8093 closed above it.
  • 9500 CE is having Highest OI at 11 Lakh, resistance at 9300 followed by 9500.9000-9500 CE added 15 Lakh in OI so bears added position in range of 9300-9500.
  • 8800 PE OI@17 Lakhs having the highest OI strong support at 8800 followed by 8600. 8500-9000 PE added 5 Lakh in OI so bulls added position in range 8600 -8800 .
  • FII’s bought 1737 cores and DII’s sold 466 cores in cash segment.INR closed at 76.63

Buy Above 9130 Tgt 9170,9212 and 9270 (Nifty Spot Levels)

Sell Below 9045 Tgt 9000,8960 and 8900 (Nifty Spot Levels)

4 thoughts on “Nifty EOD Analysis for 13 April”

  1. I have just started following your analysis.Thank you for your efforts and detailed write-ups.
    Are you offering any courses during this lockdown?

  2. Buy Above 9130 Tgt 9170,9212 and 9270 (Nifty Spot Levels)- what should be the stop loss for this level sir .

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