Nifty Analysis as Saturn Square Mars

  • FII sold 11.1 K contract of Index Future worth 643 cores, Net OI has increased by 4.6 K contract, 3.2 K Long contract were covered by FII and 7.8 K Shorts were added by FII. Net FII Long Short ratio at 1.1 So FII used fall to exit longs and enter shorts.
  • As Discussed in Last Analysis  Now Bulls need to hold range of 11188-111210  range for the rally to continue till 11300/11343/11400. Bears will get active below 11166 for a move back to 11100/11049/11000. Low made was 11181 so bulls held on to the range but made  a small double top at 50 DMA and 11305. As discussed in below video we have an imporant aspect of Mars and Saturn which leads to trending move. Bears will get active below 11179 for a move back to 11100/11049/11000. Bulls need to move above 11245 range for the rally to continue till 11300/11343/11400.

  • Total Future & Option trading volume at 18.2 Lakh core with total contract traded at 1.80 lakh , PCR @0.91
  • Nifty Oct Future Open Interest Volume is at 0.86 Cores with addition of 0.94 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @11170 above it.
  • 11300 CE is having Highest OI at 9 Lakh, resistance at 11300 followed by 11400.10900-11400 CE added 28 Lakh in OI so bears added in range of 11100-11200.FII sold 1.4 K CE and 8.6 K CE were shorted  by them. Retailers bought 164 K CE and 121 K CE were shorted by them. 
  • 11100 PE OI@12 Lakhs having the highest OI strong support at 11100 followed by 11000. 10800-11000 PE added 22  Lakh in OI so bulls addded position in range 10800-11000.FII sold 1.3 K PE and 4.5 K PE were shorted  by them. Retailers bought 11 K PE and 15 K PE were shorted by them. 
  • FII’s sold 1456 cores and DII’s bought 576 cores in cash segment.INR closed at 74

Buy Above 11245 Tgt 11278,111300 and 11328 (Nifty Spot Levels)

Sell Below 11205 Tgt 11185,11166 and 11138 (Nifty Spot Levels)

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