Nifty Analysis for 21 Oct

  • FII sold 3.6 K caontract of Index Future worth 284 cores, Net OI has increased by 5.9 K contract, 1.1 K Long contract were added by FII and 4.8 K Shorts were by added FII. Net FII Long Short ratio at 1.82 So FII used rise to enter longs and enter shorts.
  • As Discussed in Last Analysis  Nifty Bulls need to move above 11910 for a move back to 11980/12025/12084. Bears will get active below 11822 for a move back to 11751/11696.Bulls got whipsawed on upside and Bears unable to break 11822, Now as discussed in below Video Important time and price cycle are coming,Bulls need to break 11910 for a move back to 11960/12025/12078. Bears will get active below 11855 for a move back to 11798/11730/11666. 

  • Total Future & Option trading volume at 16.85 Lakh core with total contract traded 1.2lakh , PCR @0.89
  • Nifty Oct Future Open Interest Volume is at 1.08 Cores with addition of 3.5 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 22 Lakh, resistance at 12000 followed by 12100.11800-12000 CE added 18 Lakh in OI so bears added in range of 11900-12000.FII sold 10.9 K CE and 1.6 K shorted CE were covered by them. Retailers bought 9.3 K CE and 10.5 K CE were shorted by them.
  • 11800 PE OI@18 Lakhs having the highest OI strong support at 11800 followed by 11700. 11500-11900 PE added 22  Lakh in OI so bulls addded position in range 11700-11800.FII bought 11.7 K PE and 15.1 K PE were shorted by them. Retailers bought 69 K PE and 70 K PE were shorted by them.
  • FII’s bought 1585 cores and DII’s sold 1633 cores in cash segment.INR closed at 73.37

Buy Above 11910 Tgt 11935,11960 and 11999 (Nifty Spot Levels)

Sell Below 11881 Tgt 11860,11840 and 11810 (Nifty Spot Levels)

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