Nifty Crashes as Sun Ingress Shows Effect

  • FII sold 21.6 K contract of Index Future worth 1799 cores, Net OI has decreased by 2.3 K contract, 38.7 K Long contract were covered by FII and 28.3  K Shorts were covered by FII. Net FII Long Short ratio at 0.79 So FII used fall to exit longs and exit shorts.
  • As Discussed in Last Analysis Tommrow being Expiry Bulls will get active above 11178 for a move back to 11252/11333. Bears below 11085 can move towards 11025/10955/10900. Sun Ingress has shown its effect and we saw the fall .Nifty is near 200 DMA @10760 , so holding the same bull can see a relief rally towards 10890/10950/11025. Bears need to break 10765 for a move back to 10711/10669/10600. 

  • Total Future & Option trading volume at 43 Lakh core with total contract traded at 1.73 lakh , PCR @0.83
  • Nifty Oct Future Open Interest Volume is at 0.80 Cores with addition of 23 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @11170 below it.
  • 11000 CE is having Highest OI at 13 Lakh, resistance at 11000 followed by 11100.10900-11400 CE added 28 Lakh in OI so bears added in range of 11300-11400.
  • 10800 PE OI@32 Lakhs having the highest OI strong support at 10800 followed by 10700. 10800-11000 PE added 22  Lakh in OI so bulls addded position in range 10800-11000.
  • FII’s sold 1885 cores and DII’s bought 188 cores in cash segment.INR closed at 73.91

Buy Above 10838 Tgt 10860,10890 and 10930 (Nifty Spot Levels)

Sell Below 10765 Tgt 10743,10725 and 10669 (Nifty Spot Levels)

3 thoughts on “Nifty Crashes as Sun Ingress Shows Effect”

Leave a Reply