Nifty Analysis as Sun Goes Ingress

  • FII sold 3.1 K contract of Index Future worth 267 cores, Net OI has decreased by 5.7 K contract 4.4 K Long contract were covered by FII and 1.2 K Shorts were covered by FII. Net FII Long Short ratio at 2 so FII used fall to exit longs and exit shorts.
  • As discussed in Last Analysis  Now Bears need to break 14400 for a move back to 14323/14256/14199. Bulls above 14500 can do 14581/14666/14754. 14400 gone and bears did 2 target on downside,Now Bears need to break 14256 for downmove to continue towards 14196/14112/14040. Bulls above 14323 can rally back to 14400/14464. 
  • Tommrow is another Important Astro Date. 14091/13892 are 2 important level for this downswing.

  • Total Future & Option trading volume at 27.5 Lakh core with total contract traded 1.76  lakh , PCR @0.90
  • Nifty Jan Future Open Interest Volume is at 1.21 Cores with liqudiation of 6.1 Lakh with increase in cost of carry suggesting short position were covered today, NF Rollover cost @13975, 
  • 14700 CE is having Highest OI at 32 Lakh, resistance at 14600 followed by 14700.14500-14600 CE added 28 Lakh in OI so bears added in range of 14400-14500.FII bought 4.3 K CE and 634 shorted CE were covered by them. Retailers bought 229 K CE and 175 K  CE were shorted by them.
  • 14200 PE OI@26.7  Lakhs having the highest OI strong support at 14200 followed by 14100. 14400-14300 PE added 8 Lakh in OI so bulls addded position in range 14400-14500.FII bought 11.5 K PE and 6.7 K PE were shorted by them. Retailers bought 38.6 K PE and 51 K PE were shorted by them.
  • FII’s bought 650 cores and DII’s sold 42 cores in cash segment.INR closed at 73.33

Buy Above 14300 Tgt 14323,14343 and 14377  (Nifty Spot Levels)

Sell Below 14265 Tgt 14244,14225 and 14200 (Nifty Spot Levels)

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