Nifty EOD Analysis for 27 April

  • FII sold 6 K contract of Index Future worth 455 cores, Net OI has increased by 1.4 K contract, 2.2 K Long contract were covered by FII and 3.7 K shorts were added by FII. Net FII Long Short ratio at 0.83, So FII used fall to exit longs and enter shorts.
  •  As discussed in last analysis   Bulls need to move above 9343 for a move back to 9410/9490.Bears need a close below 9250 for a move back to 9170/9100. 9170 done below 9250 done, as today was an important date break of high and low can easily see move of 150-200 points.  Bulls need to move above 9220 for a move back to 9280/9343/9290.Bears need a close below 9130 for a move back to 9070/9020/8950.

  • Total Future & Option trading volume at 6.5  Lakh core with total contract traded at 2.5 lakh , PCR @0.95
  • Nifty April Future Open Interest Volume is at 0.91 Lakh core with liquidation of 2.9 Lakh with increase in cost of carry suggesting short position were closed today, NF Rollover cost @8093 closed above it.
  • 9300 CE is having Highest OI at 11 Lakh, resistance at 9300 followed by 9400.8800-9200 CE added 3 Lakh in OI so bears added position in range of 9300-9400. FII bought 8.8 K CE Long 6.8 K CE were shorted by them. Retailers bought 94 K CE and 74 K CE were shorted by them.
  • 9000 PE OI@11 Lakhs having the highest OI strong support at 9000 followed by 8900. 8700-9000 PE added 5 Lakh in OI so bulls added position in range 8800 -9000.FII bought 14 K PE Long 6.1 K PE were shorted by them. Retailers bought 29 K PE and 49 K PE were shorted by them.
  • FII’s sold 207 cores and DII’s sold 993 cores in cash segment.INR closed at 76.28

Buy Above 9180 Tgt 9220 ,9250 and 9296 (Nifty Spot Levels)

Sell Below 9140 Tgt 9100,9041 and 8970 (opens in a ne (Nifty Spot Levels)

2 thoughts on “Nifty EOD Analysis for 27 April”

  1. NF intraday trend changer level should be 9178 and positional trend changer level also seems to be incorrect. Also NF rollover cost is not updated and showing previous month figure. Please check and correct.

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