Nifty Ready for a Big Move

  • FII bought 1.9 K caontract of Index Future worth 140 cores, Net OI has increased by 2.3 K contract, 2.1 K Long contract were added by FII and 218 Shorts were by added FII. Net FII Long Short ratio at 1.98 So FII used fall to enter longs and enter shorts.
  • Nifty has retraced half of Thursday fall and is  now approaching the gann angle resistance also approaching Gann Price Time Sqauring,We have important astro cycle tommrow so another big move is coming. 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.

  • Total Future & Option trading volume at 16.3 Lakh core with total contract traded 1.18 lakh , PCR @0.82
  • Nifty Oct Future Open Interest Volume is at 1.04 Cores with liquidation of 4.6 Lakh with increase in cost of carry suggesting long position were closed today, NF Rollover cost @11170 above it.
  • 11900 CE is having Highest OI at 12 Lakh, resistance at 11900 followed by 12000.11800-12000 CE added 8 Lakh in OI so bears added in range of 11900-12000.FII bought 14.2 K CE and 15.8 K CE were shorted by them. Retailers bought 57.3 K CE and 52  K CE were shorted by them.
  • 11600 PE OI@18 Lakhs having the highest OI strong support at 11600 followed by 11500. 11500-11900 PE added 22  Lakh in OI so bulls addded position in range 11500-11600.FII bought 10.7 K PE and 9.4 K PE were shorted by them. Retailers bought 196 K PE and 162 K PE were shorted by them.
  • FII’s bought 1656 cores and DII’s sold 1621 cores in cash segment.INR closed at 73.37

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

Sell Below 11843 Tgt 11822,11790 and 11765 (Nifty Spot Levels)

2 thoughts on “Nifty Ready for a Big Move”

  1. Sir,on friday the Trend change position level was 11833.Today it is mentioned as 11576.Diff of around 247 points within a day .Is there any typo error?

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