Nifty heading to ATH,EOD Analysis

  • FII bought 7.2 K contract of Index Future worth 521 cores, Net OI has increased by 2 K contract,4.6 K Long contract were added by FII and 2.5 K Shorts were covered by FII. Net FII Long Short ratio at 1.09 So FII used rise to enter longs and exit shorts.
  • As Discussed in Last Analysis Nifty gave a breakout as per below Gann Chart till bulls are holding 12080-12060 range rally can continue till 12196/12240/12300. Bears below 12020 can see fall towards 11960/11910/11850. Break of today High and low should give 100-150 points move in Nifty. All Bullish target done and Gann date showed its effect with move of 150 points. Now Bulls need to move 12324 for move back to 12376/12428/12532. Bears will get active below 12220 for a move back to 12168/12116/12064.

  • Total Future & Option trading volume at 14.5 Lakh core with total contract traded 1.64 lakh , PCR @0.88
  • Nifty Nov Future Open Interest Volume is at 1.12 Cores with liqudiation of 1  Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @11786 closed above it.
  • 12400 CE is having Highest OI at 18 Lakh, resistance at 12400 followed by 12500.12300-12400 CE added 12 Lakh in OI so bears added in range of 12300-12400.FII bought 35.1 K CE and 337 CE were shorted by them. Retailers bought 98.9 K CE and 133 K  CE were shorted by them.
  • 12000 PE OI@12 Lakhs having the highest OI strong support at 12000 followed by 12100. 12000-12100 PE added 29  Lakh in OI so bulls addded position in range 12000-12100.FII bought 59.6 K PE and 55 K PE were shorted by them. Retailers bought 256 K PE and 232 K PE were shorted by them.
  • FII’s bought 4869 cores and DII’s sold 2938cores in cash segment.INR closed at 74.29

Buy Above 12300 Tgt 12323,12350 and 12376 (Nifty Spot Levels)

Sell Below 12244 Tgt 12225,12200 and 12170 (Nifty Spot Levels)

4 thoughts on “Nifty heading to ATH,EOD Analysis”

  1. What happened ? Mrkt not start told according to natal forcast market toping out on 5 Nov.plz suggest.

  2. as you told in your previous video,based on natal focus of nifty ,you expected a kind of continuous fall after Thursday but that not happened .any follow up on that part ..any chances of seeing nifty 10800?

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