Nifty Analysis for 25 Nov

  • FII bought 587 contract of Index Future worth 29 cores, Net OI has increased by 9.2 K  contract,4.9 K Long contract were added by FII and 4.3 K Shorts were added by FII. Net FII Long Short ratio at 2.1 So FII used rise to enter longs and enter shorts.
  • As Discussed in Last Analysis 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. We got the 150 points move as per our expecatation now we are near a crucial gann number of 13100, another 150-200 points move will be seen above or below this number.  Bulls need to move above 13104 for a move back to 13149/13206/13264/13322. Bears below 13020 for a move back to 12978/12220/12864.

  • Total Future & Option trading volume at 20.5  Lakh core with total contract traded 1.34 lakh , PCR @0.93
  • Nifty Nov Future Open Interest Volume is at 0.87 Cores with liquidation of 16.3 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 26 Lakh, resistance at 13100 followed by 13200.12900-13000 CE added 22 Lakh in OI so bears added in range of 13000-13100.FII bought 23.4 K CE and 2.6 K shorted CE were covered by them. Retailers sold 102 K CE and 59.2 K  CE were shorted by them.
  • 12900 PE OI@23 Lakhs having the highest OI strong support at 12900 followed by 12800. 12700-12800 PE added 29  Lakh in OI so bulls addded position in range 12700-12800.FII bought 36.2 K PE and 31.4 K PE were shorted by them. Retailers bought 176 K PE and 121 K PE were shorted by them.
  • FII’s bought 4563 cores and DII’s sold 2522 cores in cash segment.INR closed at 74.18

Buy Above 13080 Tgt 13100,13130 and 13150 (Nifty Spot Levels)

Sell Below 13030 Tgt 13000,12978 and 12940 (Nifty Spot Levels)

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