Nifty forms DOJI on last Trading Day of 2020

  • FII sold 884  contract of Index Future worth 19 cores, Net OI has decreased by 70.6 K contract,28.1 K Long contract were covered by FII and 42.4 K  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 We did not saw the big move as per expecation, possible we can see an explosive expiry. Now Bulls need to move above 14001 for a move back to 14042/14101, Bears below 13921 can see move back to 13865/13806. We had a Dull expiry with Nifty forming an DOJI candel and bulls getting whipsawed above 14001, Plan remains the same Bulls need to move above 14001 for a move back to 14042/14101, Bears below 13921 can see move back to 13865/13806. Now Happy New Year 2021 Wishes to you!

  • Total Future & Option trading volume at 57.82 Lakh core with total contract traded 1.21 lakh , PCR @1.03
  • Nifty Jan Future Open Interest Volume is at 1.18  Cores with addition of 28.1 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @13975 closed above it.
  • 14100 CE is having Highest OI at 14.5 Lakh, resistance at 14100 followed by 14200.13900-14100 CE added 12.2 Lakh in OI so bears added in range of 13900-14000.
  • 13800 PE OI@16.5 Lakhs having the highest OI strong support at 13800 followed by 13700. 13500-13800 PE added 15  Lakh in OI so bulls addded position in range 13700-13800.
  • FII’s bought 1824 cores and DII’s sold 587 cores in cash segment.INR closed at 73.42

Buy Above 14001 Tgt 14031,14075 and 14101 (Nifty Spot Levels)

Sell Below 13960 Tgt 13937,13901 and 13865 (Nifty Spot Levels)

Leave a Reply