Nifty Analysis for 15 Sep

  • FII sold 10.8 K contract of Index Future worth 828  cores, Net OI has increased by 10.8 K contract, 77 Long contract were covered  by FII and 10.9 K Shorts were added by FII. Net FII Long Short ratio at 1.04 So FII used rise to exit longs and enter shorts.
  •  As discussed in last analysis Yesterday went Neptune went into Opposition so bears first need to break 11390 for a move back to 11343/11275/11220,Break of 11500 Bulls  can see move towards 11555/11610/11666. 11555 done above 11500. Now Bears need to break 11380  for move towards 11326/11275/11220. Bulls will get active above 11500 for a move back to 11555/11610/11666.

  • Total Future & Option trading volume at 15.5 Lakh core with total contract traded at 1.51 lakh , PCR @1
  • Nifty Sep Future Open Interest Volume is at 1.11 Cores with addition of 4.4 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @11514 closed below it.
  • 11500 CE is having Highest OI at 22 Lakh, resistance at 11500 followed by 11600.11300-11600 CE added 10 Lakh in OI so bears added in range of 11300-11400.FII bought 19.6 K CE and 29.5 K CE were shorted by them. Retailers bought 220 K CE and 127 K CE were shorted by them. 
  • 11300 PE OI@25 Lakhs having the highest OI strong support at 11300 followed by 11200. 11300-11500 PE added 22  Lakh in OI so bulls addded position in range 11200-11300.FII bought 21.9 K PE and 5.6 K PE were shorted by them. Retailers bought 26.8 K PE and 60.7 K PE were shorted by them. 
  • FII’s bought 298 cores and DII’s sold 120 cores in cash segment.INR closed at 73.60

Buy Above 11466 Tgt 11499,11525 and 11555 (Nifty Spot Levels)

Sell Below 11420 Tgt 11389,11360 and 11333 (Nifty Spot Levels)

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