Nifty Analysis for 06 Jan

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  • FII sold 1.5 K contract of Index Future worth 176 cores, Net OI has decreased by 2.3 K contract,1.9 K Long contract were covered by FII and 423  Shorts were covered by FII. Net FII Long Short ratio at 3.6 So FII used rise to exit longs and exit shorts.
  • As discussed in Last Analysis .Also we will see effect of Astro cycle so big trending move will be seen in nifty in next 2 trading sessions. Bulls need to move above 14150 for a move back to 14225/14300, Bears below 14029 can see move back to 13970/13911/13852. Bulls were able to do 1 target on upside and we got the trending move as per expectation. Bulls need to move above 14226 for a move back to 14286/14345. Bears will active below 14151 for a move back to 14107/14048/13981.Get ready for volatile move in next 2 trading sessions as small time cycle are getting completed. 

  • Total Future & Option trading volume at 27.2 Lakh core with total contract traded 1.30 lakh , PCR @0.85
  • Nifty Jan Future Open Interest Volume is at 1.26  Cores with addition of 0.51 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @13975 closed above it Low made today 13970 and bounced.
  • 14300 CE is having Highest OI at 28.5 Lakh, resistance at 14300 followed by 14400.13900-14100 CE added 12.2 Lakh in OI so bears added in range of 14300-14400.FII sold 20.2 K CE and 15.1 K shorted CE were covered  by them. Retailers sold 34.7 K CE and 1.9 K  CE were shorted by them.
  • 14100 PE OI@26.5 Lakhs having the highest OI strong support at 14100 followed by 14000. 13800-14000 PE added 15  Lakh in OI so bulls addded position in range 14000-14100.FII bought 16.6 K PE and 34 K PE were shorted by them. Retailers bought 267 K PE and 196 K PE were shorted by them.
  • FII’s bought 986 cores and DII’s sold 490 cores in cash segment.INR closed at 73.20

Buy Above 14225 Tgt 14260,14299 and 14321 (Nifty Spot Levels)

Sell Below 14154 Tgt 14131,14095 and 14044 (Nifty Spot Levels)

2 thoughts on “Nifty Analysis for 06 Jan”

  2. dear Mr.ramesh, for 29th december profit loss statement does not show infratel and mcdowell details , why is it so?.
    Also there are many stocks which you mentioned in article but not visible on profit loss journal.

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