Nifty Muhurat Trading Analysis

  • FII sold 6.2 K contract of Index Future worth 473 cores, Net OI has increased by 5.8 K contract,176  Long contract were covered by FII and 6 K Shorts were added by FII. Net FII Long Short ratio at1.9  So FII used rise to exit longs and enter shorts.
  • As Discussed in Last Analysis  Bulls now need to move above 12729 for a move back to 12770/12823/12870. Bears below 12666 can move back to 12610/12570/12520.Bears were able to do 1 target on downside. Now bulls need to move above 12770  for a move back to 12816/12860, Bears below  12703 can see a fall towards 12671/12610. Genreally on Muhurat Session NIFTY open positive and try to close below the open price. Happy Diwali to you all!!!

  • Total Future & Option trading volume at 14.57 Lakh core with total contract traded 1.31  lakh , PCR @0.86
  • Nifty Nov Future Open Interest Volume is at 1.17 Cores with addition of 0.88 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @11786 closed above it.
  • 12800 CE is having Highest OI at 14 Lakh, resistance at 12800 followed by 12900.12700-12900 CE added 2 Lakh in OI so bears added in range of 12800-12900.FII bought 16  K CE and 15.8 K CE were shorted by them. Retailers bought 110 K CE and 119 K  CE were shorted by them.
  • 12600 PE OI@23 Lakhs having the highest OI strong support at 12600 followed by 12500. 12500-12600 PE added 19  Lakh in OI so bulls addded position in range 12500-12600.FII bought 15.1 K PE and 23 KPE were shorted by them. Retailers bought 185 K PE and 175 K PE were shorted by them.
  • FII’s bought 1935 cores and DII’s sold 2462 cores in cash segment.INR closed at 74.66

Buy Above 12743 Tgt 12768,12799 and 12816 (Nifty Spot Levels)

Sell Below 12700 Tgt 12687,12671 and 12640 (Nifty Spot Levels)

Leave a Reply