Nifty Analysis for 08 Dec

  • FII sold 11.7 K contract of Index Future worth 1129 cores, Net OI has decreased by 13.4 K contract,12.6 K Long contract were covered by FII and 850 Shorts were covered by FII. Net FII Long Short ratio at 3.1 So FII used rise to exit longs and exit shorts.
  • As Discussed in Last Analysis  Now Bulls need to break 13281 for a move back to 13331/13389/13447. Bears below 13210 for a move back to 13165/13107/13050. As discussed in below video today high and low are very important for move till 09 Dec, Bulls need to move above 13370 for a move back to 13415/13473/13531. Bears below 13299 for a move back to 13242/13184/13127

  • Total Future & Option trading volume at 18.3 Lakh core with total contract traded 0.97 lakh , PCR @0.87
  • Nifty Dec Future Open Interest Volume is at 1.22 Cores with liquidation of 3 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @12984 closed above it.
  • 13400 CE is having Highest OI at 21.5 Lakh, resistance at 13400 followed by 13500.12900-13300 CE added 19.2 Lakh in OI so bears added in range of 13400-13500.FII bought 13 K CE and 15.3 K CE were shorted by them. Retailers bought 111  K CE and 94 K  CE were shorted by them.
  • 13100 PE OI@27.5 Lakhs having the highest OI strong support at 13100 followed by 13000. 12800-13000 PE added 20  Lakh in OI so bulls addded position in range 13000-13100.FII bought 7.1 K PE and 14.7K PE were shorted by them. Retailers bought 210  K PE and 178 K PE were shorted by them.
  • FII’s bought 3792 cores and DII’s sold 2767 cores in cash segment.INR closed at 74.10

Buy Above 13370 Tgt 13399,13423 and 13446 (Nifty Spot Levels)

Sell Below 13335 Tgt 13306,13280 and 13250(Nifty Spot Levels)

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