Nifty ready for Big Move

  • FII sold 951 caontract of Index Future worth 59 cores, Net OI has increased by 1.2 K contract, 136  Long contract were added by FII and 1 K Shorts were by added FII. Net FII Long Short ratio at 2.1 So FII used rise to enter longs and enter shorts.
  • As Discussed in Last Analysis  Tommrow is Mars at Opposition, Mars generally create Havoc in Financial Market so time to be cautious. Bulls need to move above 11977 for a move back to 12031/12085/12141. Bears will get active below 11855 for a move back to 11804/11749/11695. Nifty formed an Inside Bar,NR7and important  Astro date suggesting big move should be seen in next 2 trading session. Bulls need to move above 11990 for a move back to 12031/12085/12141. Bears will get active below 11885 for a move back to 11800/11749/11695.

  • Total Future & Option trading volume at 15.3 Lakh core with total contract traded at 1.13 lakh , PCR @0.88
  • Nifty Oct Future Open Interest Volume is at 1.15 Cores with addition of 1.67 Lakh with decrease in cost of carry suggesting short  position were added today, NF Rollover cost @11170 above it.
  • 12100 CE is having Highest OI at 29 Lakh, resistance at 12000 followed by 12100.11900-12200 CE added 18 Lakh in OI so bears added in range of 11900-12000.FII sold 420 CE and 6.9K CE were shorted by them. Retailers bought 100 K CE and 71K  CE were shorted by them.
  • 11700 PE OI@18 Lakhs having the highest OI strong support at 11700 followed by 11600. 11500-11900 PE added 12  Lakh in OI so bulls addded position in range 11700-11600.FII bought 6.1 K PE and 2.4K shorted PE were covered by them. Retailers bought 52 K PE and 51 K PE were shorted by them.
  • FII’s bought 832 cores and DII’s sold 1674 cores in cash segment.INR closed at 73.38

Buy Above 11946 Tgt 11970,11999 and 12025 (Nifty Spot Levels)

Sell Below 11885 Tgt 11860,11835 and 11800 (Nifty Spot Levels)

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