Nifty Analysis as Jupiter Conjunct Mercury

  • FII bought 13.3 K contract of Index Future worth 1357 cores, Net OI has decreased by 9.8 K contract 11.6 K Long contract were covered by FII and 1.7 K Shorts were added by FII. Net FII Long Short ratio at 3.7 so FII used rise to exit longs and enter shorts.
  • As discussed in Last Analysis  We also get the big move today as per gann cycle and today high and low will be important for the whole year as discussed in below video. Bulls now need to move 14401 for a move back to 14456/14516. Bears will get active below 14275 for a move back to 14217/14157/14098. Low made was 14383 and once above 14401 we did almost 2 target. As Mercury Jupter Conjuction happend today suggesting today high and low is important for next move in Nifty,Bulls need to move above 14525 for a move back to 14567/14636. Bears will get active below 14366 for a move back to 14297/14225/14160.

  • Total Future & Option trading volume at 21.1 Lakh core with total contract traded 1.42 lakh , PCR @1
  • Nifty Jan Future Open Interest Volume is at 1.38 Cores with addition of 5.6 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @13975
  • 14500 CE is having Highest OI at 29.2 Lakh, resistance at 14500 followed by 14600.14500-14600 CE added 34.2 Lakh in OI so bears added in range of 14500-14600.FII bought 18.9 K CE and 19.5 K CE were shorted by them. Retailers bought 167 K CE and 128 K  CE were shorted by them.
  • 14200 PE OI@37.1 Lakhs having the highest OI strong support at 14200 followed by 14100. 14000-14300 PE added 22 Lakh in OI so bulls addded position in range 14100-14200.FII bought 29 K PE and 10.8 K PE were shorted by them. Retailers bought 170 K PE and  160 K PE were shorted by them.
  • FII’s bought 3138 cores and DII’s sold 2610 cores in cash segment.INR closed at 73.54

Buy Above 14501 Tgt 14525,14550 and 14585  (Nifty Spot Levels)

Sell Below 14438 Tgt 14410,14385 and 14340 (Nifty Spot Levels)

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