Nifty Ready for Big Move

  • FII sold 355 contract of Index Future worth 138 cores, Net OI has decreased by 6.6 K contract, 3.5 K Long contract were covered by FII and 3.1 K shorts were covered by FII. Net FII Long Short ratio at 0.89, So FII used rise to exit longs and exit shorts.
  •  As discussed in last analysis  Now bulls need to 9232 for a move back to 9280/9328. Bears need a close below 9110 for a move back to 9060/9000/8960. 2 target done above 9232 ,Tomorrow important astro date suggesting big move round the corner, 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.

  • Total Future & Option trading volume at 21 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.
  • 9000 PE OI@11 Lakhs having the highest OI strong support at 9000 followed by 8900. 8700-9000 PE added 1 Lakh in OI so bulls added position in range 8800 -9000
  • FII’s sold 114 cores and DII’s bought 338cores in cash segment.INR closed at 76.11

Buy Above 9345 Tgt 9380,9410 and 9450 (Nifty Spot Levels)

Sell Below 9270 Tgt 9240,9210 and 9170 (opens in a ne (Nifty Spot Levels)

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