Jupiter Ingress Effect on Nifty

  • FII sold 1.1 K contract of Index Future worth 196 cores, Net OI has increased by 1.5 K contract, 203 Long contract were added by FII and 1.3 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  Nifty was able to sustain above first 15 mins high and almost did the first target, Bulls need to break 13778 for a move back to 13824/13880. Bears below 13720 can push index back to 13673/13629/13585. We saw Mild effect of Jupiter Ingress as Nifty did 1 target on downside below 13673 and Bulls were unable to break 13778,plan remians the same Bulls need to break 13778 for a move back to 13824/13880. Bears below 13720 can push index back to 13673/13629/13585.

  • Total Future & Option trading volume at 15.96 Lakh core with total contract traded 1.20 lakh , PCR @0.96
  • Nifty Dec Future Open Interest Volume is at 1.28 Cores with addition of 0.65 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @12984 closed above it.
  • 13800 CE is having Highest OI at 12.5 Lakh, resistance at 13800 followed by 13900.13700-13900 CE added 8.2 Lakh in OI so bears added in range of 13700-13800.FII bought 34.8 K CE and 25.8 K shorted CE were covered by them. Retailers bought 217 K CE and 185 K  CE were shorted by them.
  • 13500 PE OI@18.5 Lakhs having the highest OI strong support at 13500 followed by 13400. 13300-13500 PE added 22  Lakh in OI so bulls addded position in range 13400-13500.FII bought 27.6 K PE and 12.8 PE were shorted by them. Retailers bought 118 K PE and 144 K PE were shorted by them.
  • FII’s bought 2720 cores and DII’s sold 2424 cores in cash segment.INR closed at 73.62

Buy Above 13778 Tgt 13800,13824 and 13850 (Nifty Spot Levels)

Sell Below 13730 Tgt 13700,13666 and 13616 (Nifty Spot Levels)

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