Nifty Analysis for 15 Dec

  • FII sold 8.8 K contract of Index Future worth 811 cores, Net OI has increased by 4.1 K contract, 2.3 K Long contract were covered by FII and 6.4 K Shorts were added by FII. Net FII Long Short ratio at 2.6  So FII used rise to exit longs and enter shorts.
  • As Discussed in Last Analysis We have Total Solar Eclipse on 14 Dec and  we have formed DOJI suggesting good move will be seen based on Astro date. Bulls need to break 13580 for a move back to 13634/13693. Bears below 13460 can push index back to 13402/13347/13290. We have formed Lowest volume for this series on Astro date suggesting we are in for a big move,Bulls need to break 13560 for a move back to 13610/13666/13729. Bears below 13470 can push index back to 13420/13366/13300.

  • Total Future & Option trading volume at 16.50  Lakh core with total contract traded 0.99 lakh lowest in last 30 days , PCR @0.93
  • Nifty Dec Future Open Interest Volume is at 1.19 Cores with addition of 2.6 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @12984 closed above it.
  • 13600 CE is having Highest OI at 12.5 Lakh, resistance at 13600 followed by 13700.13500-13700 CE added 10.2 Lakh in OI so bears added in range of 13500-13700.FII bought 10.5 K CE and 16.4 K CE were shorted by them. Retailers bought 128 K CE and 115 K  CE were shorted by them.
  • 13200 PE OI@19.5 Lakhs having the highest OI strong support at 13300 followed by 13200. 13000-13400 PE added 12  Lakh in OI so bulls addded position in range 13200-13400.FII bought 8.5 K PE and 118 PE were shorted by them. Retailers bought 128K PE and 130 K PE were shorted by them.
  • FII’s bought 2264 cores and DII’s sold 1721 cores in cash segment.INR closed at 73.64

Buy Above 13555 Tgt 13580,13610 and 13650  (Nifty Spot Levels)

Sell Below 13485 Tgt 13450,13420 and 13385 (Nifty Spot Levels)

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