Nifty Rallies 200 points on Astro Date,EOD Analysis

  • FII bought 4.6 K contract of Index Future worth 172 cores, Net OI has decreased by 3.5 K contract, 531 Long contract were added by FII and 4 K Shorts were covered by FII. Net FII Long Short ratio at 1, So FII used rise to enter longs and exit shorts.
  •  As discussed in last analysis  As we are having a confluence of Astro dates suggesting big move will be seen in Nifty in coming 2 days, Bulls need to move above 9930 for a mvoe back to 10000/10090/10150. Bears will get active below 9770 for a move back to 9725/9666/9610.Nifty Bears who were carrying overnight shorts got stopped out Bulls and once above 9930 did all 2 target on upside,We saw the effect of Astro date.Now Bull need to move above 10120 for a move back to 10180/10250/10312. Bears will get active below 10000 for a move back to 9930/9860/9800.

 

  • Total Future & Option trading volume at 32  Lakh core with total contract traded at 2.40 lakh , PCR @0.90
  • Nifty June Future Open Interest Volume is at 0.91 Lakh core with liquidation of 4 Lakh with increase in cost of carry suggesting long position were closed today, NF Rollover cost @9164 closed above it.
  • 10300 CE is having Highest OI at 11 Lakh, resistance at 10300 followed by 10400.10000-10400 CE added 12 Lakh in OI so bears added in range of 10300-10400.
  • 9900 PE OI@18 Lakhs having the highest OI strong support at 9900 followed by 9800. 9600-9800 PE added 13  Lakh in OI so bulls added position in range 9600-9700.
  • FII’s bought 336 cores and DII’s bought 1131 cores in cash segment.INR closed at 76.19

Buy Above 10121 Tgt 10150,10180 and 10212 (Nifty Spot Levels)

Sell Below 10050 Tgt 10017,9978 and 9946 (opens in a ne (Nifty Spot Levels)

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