Nifty Analysis for 27 Nov

  • Nifty moved today the way which causes maximum pain to maximum participants. Levels Shared on Twitter helped us to capture the whole upmove from 12850. We have trading holiday on Monday and as most of world market are closed due to THANKS Giving we will see Light trading volumes and less volatlity. Bulls need to move above 13018 for a move back to 13074/13131/13188. Bears below 12903 can fall back to 12846/12790/12730.

  • Total Future & Option trading volume at 72 Lakh core with total contract traded 1.62 lakh , PCR @0.83
  • Nifty Dec Future Open Interest Volume is at 1.13 Cores with addition of 27.2 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @12984 closed above it.
  • 13100 CE is having Highest OI at 10 Lakh, resistance at 13100 followed by 13200.12900-13000 CE added 12 Lakh in OI so bears added in range of 13000-13100.
  • 12800 PE OI@10 Lakhs having the highest OI strong support at 12800 followed by 12700. 12700-12800 PE added 19  Lakh in OI so bulls addded position in range 12700-12800.
  • FII’s bought 2027 cores and DII’s sold 3400 cores in cash segment.INR closed at 74.09

Buy Above 13000 Tgt 13020,13045 and 13073 (Nifty Spot Levels)

Sell Below 12955 Tgt 12931,12905 and 12870 (Nifty Spot Levels)

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