Nifty Analysis as 2 Plannets goes Ingress

  • FII bought 394 contract of Index Future worth 73 cores, Net OI has increased by 5.6 K  contract,3 K Long contract were added by FII and 2.6 K Shorts were added by FII. Net FII Long Short ratio at 2.2 So FII used rise to enter longs and enter shorts.
  • Today was an important Astro Date and Gann Date as discussed in below video suggesting today High and low will be important for next 150-200 points move in Nifty. Bulls need to break 12996 for a move back to 13050/13104/13167/13224. Bears below 12881 for a move back to 12825/12768/12712/12655. Every dip in market is getting bought into so trend is firmly up. When everything looks safe and bullish to you, it is selling time. When there are media stories that world is going to collapse, time to buy. Is trend really the friend? 🙂

  • Total Future & Option trading volume at 21.9 Lakh core with total contract traded 1.34 lakh , PCR @0.91
  • Nifty Nov Future Open Interest Volume is at 1.03 Cores with liquidation of 7.4 Lakh with increase in cost of carry suggesting long position were closed today, NF Rollover cost @11786 closed above it.
  • 13100 CE is having Highest OI at 24 Lakh, resistance at 13000 followed by 13100.12900-13000 CE added 22 Lakh in OI so bears added in range of 13000-13100.FII bought 4.3 K CE and 5.3 K CE were shorted by them. Retailers bought 166 K CE and 134 K  CE were shorted by them.
  • 12700 PE OI@23 Lakhs having the highest OI strong support at 12700 followed by 12800. 12700-12800 PE added 29  Lakh in OI so bulls addded position in range 12700-12800.FII bought 7.1 K PE and 9.2 K PE were shorted by them. Retailers bought 120 K PE and 116 K PE were shorted by them.
  • FII’s bought 4738 cores and DII’s sold 2944 cores in cash segment.INR closed at 74.32

Buy Above 12965 Tgt 12995,13026 and 13052 (Nifty Spot Levels)

Sell Below 12896 Tgt 12850,12825 and 12800 (Nifty Spot Levels)

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