Nifty EOD Analysis for 18 May

  • FII sold 10.4  K contract of Index Future worth 619 cores, Net OI has increased by 4.9  K contract, 2.9 K Long contract were covered by FII and 7.9 K shorts were added by FII. Net FII Long Short ratio at 0.51, So FII used fall to exit longs and enter shorts.
  •  As discussed in last analysis Bears need to break 9137 for a move back to 9089/9041/8994. Bulls will get active above 9200 for a move back to 9262/9310.Nifty bears got active below 9137 and did 2 target on downside.As we are near gann angle support Bulls need to move above 9145 for a move back to 9193/9241/9289. Bears will get active below 9086 for a move back to 9038/8991/8944.

  • Total Future & Option trading volume at 5.8 Lakh core with total contract traded at 2.1 lakh , PCR @0.80
  • Nifty May Future Open Interest Volume is at 0.76 Lakh core with addition of 1.6 Lakh with decrease in cost of carry suggesting long position were added today, NF Rollover cost @9508 closed below it.
  • 9500 CE is having Highest OI at 8.7 Lakh, resistance at 9500 followed by 9600.9200-9700 CE added 19 Lakh in OI so bears added covered in range of 9500-9600.FII bought 14.2 K CE and 9 K CE were shorted by them. Retailers bought 112 K CE and 98 K  CE were shorted by them.
  • 9000 PE OI@10 Lakhs having the highest OI strong support at 9100 followed by 9000. 9000-9500 PE added 2.5 Lakh in OI so bulls added position in range 9000 -9100.FII bought 10.7 K PE and 4.2  K PE were shorted by them. Retailers bought 55 K PE and 65.4 K PE were shorted by them.
  • FII’s sold 2388 cores and DII’s bought 1225 cores in cash segment.INR closed at 75.87

Buy Above 9150 Tgt 9180,9220 and 9250(Nifty Spot Levels)

Sell Below 9086 Tgt 9060,9035 and 9000(opens in a ne (Nifty Spot Levels)

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