Sun Ingress Impact on Nifty

  • FII sold 4 K caontract of Index Future worth 318 cores, Net OI has decreased by 48contract, 2 K Long contract were covered by FII and 1.9 K Shorts were added  by FII. Net FII Long Short ratio at 1.78 So FII used fall to exit longs and enter shorts.
  • As Discussed in Last Analysis  Today was important time cycle date as discussed in below video and we have again hit the gann angle resistance. Bulls need to break 11960 for a move back to 12025/12078. Bears will get active below 11897 for a move back to 11843/11798/11730/11666.Nifty has formed Inside Bar,unable to cross gann angle resistance, today was Sun Ingress suggesting good move should be seen in next 2 trading sessions. Bulls need to move above 11950 for a move back to 12001/12065/12121. Bears will get active below 11820 for a move back to 11770/11717/11666.

  • Total Future & Option trading volume at 52.3 Lakh core with total contract traded 1.49 lakh , PCR @0.92
  • Nifty Oct Future Open Interest Volume is at 1.03 Cores with liqudiation of 3.7 Lakh with decrease in cost of carry suggesting short position were closed today, NF Rollover cost @11170 above it.
  • 12000 CE is having Highest OI at 28 Lakh, resistance at 12000 followed by 12100.11800-12000 CE added 18 Lakh in OI so bears added in range of 11900-12000.
  • 11800 PE OI@30 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’s bought 1118 cores and DII’s sold 2019 cores in cash segment.INR closed at 73.67

Buy Above 11920 Tgt 11945,11980 and 12010(Nifty Spot Levels)

Sell Below 11870 Tgt 11845,11820 and 11790 (Nifty Spot Levels)

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