Nifty Rallies on Gann Date,EOD Analysis

  • FII bought 10 K contract of Index Future worth 897 cores, Net OI has increased by 4.9 K contract,7.5 K Long contract were added by FII and 2.5 K Shorts were covered by FII. Net FII Long Short ratio at 3.3 So FII used rise to enter longs and exit shorts.
  • As Discussed in Last Analysis 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.Bears unable to break 13089 and Bulls once above 13166 and with Gann Date showing effect did all 2 target on upside. 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. 

  • Total Future & Option trading volume at 18 Lakh core with total contract traded 1.20 lakh , PCR @0.87
  • Nifty Dec Future Open Interest Volume is at 1.25 Cores with addition of 5.4 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 21.5 Lakh, resistance at 13200 followed by 13300.12900-13300 CE added 29.2 Lakh in OI so bears added in range of 13200-13300.FII bought 44 K CE and 136 K CE were shorted by them. Retailers bought 137  K CE and 144 K  CE were shorted by them.
  • 13000 PE OI@27.5 Lakhs having the highest OI strong support at 13000 followed by 12900. 12800-13000 PE added 50  Lakh in OI so bulls addded position in range 12800-13000.FII bought 32.4 K PE and 183 K PE were shorted by them. Retailers bought 281  K PE and 252 K PE were shorted by them.
  • FII’s bought 3637 cores and DII’s sold 1439 cores in cash segment.INR closed at 74.10

Buy Above 13285 Tgt 13308,13343 and 13378 (Nifty Spot Levels)

Sell Below 13230 Tgt 13200,13170 and 13143 (Nifty Spot Levels)

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