Nifty EOD Analysis for 20 April

  • FII sold 90 contract of Index Future worth 6 cores, Net OI has increased by 2.2 K contract, 1.1 K Long contract were covered by FII and 1 K shorts were covered by FII. Net FII Long Short ratio at 1, So FII used exit to enter longs and exit shorts.
  •  As discussed in last analysis  As we have weekly closing bull need to move above 9057 for a move back to 9105/9152/9207. Bears will get active below 8955 for a move back to 8910/8863/8816.20 April is an important astro date,Bulls need to move above 9290 for a move back to 9332/9380/9428.Bears need a close below 9210 for a move back to 9170/9120/9070/9020.

  • Total Future & Option trading volume at 7.42 Lakh core with total contract traded at 3 lakh , PCR @0.89
  • Nifty April Future Open Interest Volume is at 0.95 Lakh core with addition of 1 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @8093 closed above it.
  • 9500 CE is having Highest OI at 7 Lakh, resistance at 9400 followed by 9500.9000-9500 CE added 13 Lakh in OI so bears added position in range of 9100-9200.FII bought 12.4 K CE and 7.5 K CE were shorted by them. Retailers bought 73.9 K CE and 73.9 K  CE were shorted by them.
  • 9000 PE OI@7 Lakhs having the highest OI strong support at 9100 followed by 9000. 8500-9000 PE added 19 Lakh in OI so bulls added position in range 8600 -8800 .FII bought  15.8 K PE and 17.2 K PE were shorted by them. Retailers bought 107 K PE and 88 K PE were shorted by them.

  • FII’s sold 1391 cores and DII’s bought 534 cores in cash segment.INR closed at 76.57

Buy Above 9290 Tgt 9324,9363 and 9410 (Nifty Spot Levels)

Sell Below 9215 Tgt 9190,9160 and 9130 (opens in a ne (Nifty Spot Levels)

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