Nifty EOD Analysis for 04 Dec

  • FII bought 666 contract of Index Future worth 175 cores, Net OI has increased by 15 K contract,87.9 K Long contract were added by FII and 7.2 K Shorts were added by FII. Net FII Long Short ratio at 2.9 So FII used rise to enter longs and enter shorts.
  • As Discussed in Last Analysis As per time cycle we should see another big move tommrow. Bulls above 13155 can see upmove towards 13211/13270 Bears below 13097 can see fall towards 13040/12983/12926. We had a dull expiry today as gap up spoined the game. 05 Dec is important gann date as it being an Holiday we should see move either tommrow or Monday. Bulls now need to move above 13166 for a move back to 13221/13279/13337. Bears below 13089 can see fall back to 13044/12987/12930.

  • Total Future & Option trading volume at 49.2 Lakh core with total contract traded 1.01 lakh , PCR @0.96
  • Nifty Dec Future Open Interest Volume is at 1.19 Cores with addition of 3.33  Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @12984 closed above it.
  • 13200 CE is having Highest OI at 8 Lakh, resistance at 13200 followed by 13300.12900-13000 CE added 15 Lakh in OI so bears added in range of 13100-13200.
  • 13000 PE OI@8 Lakhs having the highest OI strong support at 13000 followed by 12900. 12700-12800 PE added 9  Lakh in OI so bulls addded position in range 12700-12800.
  • FII’s bought 3637 cores and DII’s sold 1439 cores in cash segment.INR closed at 74.10

Buy Above 13166 Tgt 13195,13225 and 13261 (Nifty Spot Levels)

Sell Below 13101 Tgt 13090,13066 and 13033 (Nifty Spot Levels)

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