Nifty Analysis as Mercury and Venus goes Ingress

  • FII sold 8.7 K caontract of Index Future worth 1115 cores, Net OI has decreased by 17.7 K contract, 9.9 K Long contract were covered by FII and 11.6 K Shorts were added by FII. Net FII Long Short ratio at 1.20 So FII used fall to exit longs and enter shorts.
  • Nifty again bounced from Gann Angle and is again trading with in the 2 gann angles as shown in below chart. As tommrow is very important Astro Date suggesting another big move will  be seen in next 2 trading sessions. Bulls need to move above 11920 for a move back to 11966/12018/12078. Bears below 11810 will be back to 11775/11721/11666/11610.

  • Total Future & Option trading volume at 21.5 Lakh core with total contract traded 1.02lakh , PCR @0.86
  • Nifty Nov Future Open Interest Volume is at 0.46 Cores with addition of 17.1 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @11170 above it.
  • 12000 CE is having Highest OI at 44 Lakh, resistance at 12000 followed by 12100.11800-12000 CE added 8.4 Lakh in OI so bears added in range of 11900-12000.FII bought 22.8 K CE and 31.9 K CE were shorted by them. Retailers sold 183 K CE and 90 K  shorted CE were covered by them.
  • 11700 PE OI@36 Lakhs having the highest OI strong support at 11700 followed by 11600. 11500-11900 PE added 19  Lakh in OI so bulls addded position in range 11700-11800.FII bought 31.9 K PE and 44.5 K PE were shorted by them. Retailers bought 253 K PE and 165 K PE were shorted by them.
  • FII’s bought 3514  cores and DII’s sold 1570 cores in cash segment.INR closed at 73.85

Buy Above 11920 Tgt 11950,11975 and 12001(Nifty Spot Levels)

Sell Below 11860 Tgt 11837,11811 and 11775 (Nifty Spot Levels)

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