Nifty Analysis for 18 Nov

  • FII bought 10.2 K contract of Index Future worth 1014 cores, Net OI has decreased by 22  contract,5.1 K Long contract were added by FII and 5.1  K Shorts were covered by FII. Net FII Long Short ratio at 2.3 So FII used rise to enter longs and exit shorts.
  • All Bullish target done as we have Importast Astro and Gann date sugesting another 150-200 points move coming once yesterday high or low is broken. Bull need to move above 12910 for a move back to 12967/13024/13081. Bears will get active below 12820 for a move back to 12764/12707/12651.

  • Total Future & Option trading volume at 19.1 Lakh core with total contract traded 1.15  lakh , PCR @0.93
  • Nifty Nov Future Open Interest Volume is at 1.16 Cores with liquidation of 2.4 Lakh with increase in cost of carry suggesting long position were closed today, NF Rollover cost @11786 closed above it.
  • 12900 CE is having Highest OI at 14 Lakh, resistance at 12900 followed by 12900.12900-13000 CE added 2 Lakh in OI so bears added in range of 12800-12900.FII bought 16  K CE and 5.1  K shorted CE were covered by them. Retailers bought 35 K CE and 64 K  CE were shorted by them.
  • 12700 PE OI@23 Lakhs having the highest OI strong support at 12700 followed by 12600. 12500-12600 PE added 29  Lakh in OI so bulls addded position in range 12500-12600.FII bought 14.6 K PE and 10 K PE were shorted by them. Retailers bought 177 K PE and 139 K PE were shorted by them.
  • FII’s bought 4905 cores and DII’s sold 3829 cores in cash segment.INR closed at 74.51

Buy Above 12901 Tgt 12934,12967 and 13000 (Nifty Spot Levels)

Sell Below 12850 Tgt 12820,12795 and 12764 (Nifty Spot Levels)

Leave a Reply