Nifty Analysis for 05 Oct

  • FII bought 23 K contract of Index Future worth 1476 cores, Net OI has increased by 4.4 K contract, 13.7  K Long contract were added by FII and 9.2 K Shorts were covered by FII. Net FII Long Short ratio at 1.9 So FII used fall to enter longs and exit shorts.
  • As Discussed in Last Analysis   Bears unable to break 11179 and bulls were able to close above 11245 now waiting for target of 11300/11343/11400. Bears will get active below 11179 for a move back to 11100/11049/11000. All Bullish target done. Now Bulls need to move above 11430 for the upmove to continue towards 11485/11555/11610. Bears will get active below 11366 for a move back to 11316/11270/11220. With Donalad Trump and Loan Mortarium news out and October being highly volatile so trade with extreme caution.
  • Intraday time for reversal can be at 10/12:31/1:16/1:58/2:34 How to Find and Trade Intraday Reversal Times
  • Total Future & Option trading volume at 42.4 Lakh core with total contract traded at 1.38 lakh , PCR @0.83
  • Nifty Oct Future Open Interest Volume is at 0.93 Cores with addition of 2.8 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @11170 above it.
  • 11500 CE is having Highest OI at 12 Lakh, resistance at 11500 followed by 11600.10900-11400 CE added 8 Lakh in OI so bears added in range of 11100-11200.
  • 11200 PE OI@12 Lakhs having the highest OI strong support at 11200 followed by 11100. 10800-11000 PE added 22  Lakh in OI so bulls addded position in range 11000-11200.
  • FII’s bought 1635 cores and DII’s bought 259  cores in cash segment.INR closed at 73.35

Buy Above 11430 Tgt 11455,11480 and 11512 (Nifty Spot Levels)

Sell Below 11387 Tgt 11366,11343 and 11312 (Nifty Spot Levels)

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