As Discussed in Last AnalysisNow Bears need to break 11666 for a move back to 11610/11555/11485. Bulls will get active above 11755 for a move back to 11800/11843 /11910. Nifty held on to the gann angle as shown below suggesting we can see upmove, Bulls need to move above 11712 for a move back to 11766/11820/11874. Bears below 11635 for a move back to 11582/11528/11474. Tommrow is monthly closing so Bulls would like to close above 11700 atleast.
Total Future & Option trading volume at 52.4 Lakh core with total contract traded 1.64 lakh , PCR @0.91
Nifty Nov Future Open Interest Volume is at 0.99 Cores with addition of 32.7 Lakh with decrease in cost of carry suggesting long position were added today, NF Rollover cost @11786 closed below it.
11800 CE is having Highest OI at 15 Lakh, resistance at 11800 followed by 11900.11800-12000 CE added 15 Lakh in OI so bears added in range of 11800-11900.
11600 PE OI@16 Lakhs having the highest OI strong support at 11600 followed by 11500. 11500-11600 PE added 19 Lakh in OI so bulls addded position in range 11600-11700.
FII’s sold 420 cores and DII’s sold 253 cores in cash segment.INR closed at 74.58
