Nifty EOD Analysis for 28 Dec

  • FII bought 10.7 K contract of Index Future worth 1102 cores, Net OI has increased by 9.9 K contract,10.3 K Long contract were added by FII and 379  Shorts were covered by FII. Net FII Long Short ratio at 2.1 So FII used rise to enter longs and exit shorts.
  • As Discussed in Last Analysis Till Nifty Bulls are holding 13555 rally can continue till 13669/13729/13778. Bears have there chances below 13521 for a move back to 13485/13420/13363. All Bullish target done above 13555 ,so bulls were able to ride the whole move towards 13555.Moon at Ascending Node again suggesting another volatile move coming. Now Bulls need to move above 13780 for rally towards 13824/13869/13921. Bears will get active below 13715 for a move back to 13660/13571.

  • Total Future & Option trading volume at 61.1  Lakh core with total contract traded 1.30 lakh , PCR @0.93
  • Nifty Dec Future Open Interest Volume is at 1.03 Cores with liqudiation of 3 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @12984 closed above it.
  • 13800 CE is having Highest OI at 18.5 Lakh, resistance at 13800 followed by 13900.13500-13800 CE added 12.2 Lakh in OI so bears added in range of 13600-13700.
  • 13400 PE OI@21.5 Lakhs having the highest OI strong support at 13400 followed by 13300. 13200-13500 PE added 22  Lakh in OI so bulls addded position in range 13400-13500.
  • FII’s bought 1225 cores and DII’s sold 1897 cores in cash segment.INR closed at 73.54

Buy Above 13778 Tgt 13801,13831 and 13860 (Nifty Spot Levels)

Sell Below 13715 Tgt 13699,13666 and 13633 (Nifty Spot Levels)

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