Nifty Analysis for 27 Jan

  • FII bought 17.6 K contract of Index Future worth 1860 cores, Net OI has increased by 15.1 K contract 16.4 K Long contract were added by FII and 1.2 K Shorts were covered by FII. Net FII Long Short ratio at 1.79  so FII used fall to enter longs and exit shorts.
  • As discussed in Last Analysis  All Bearish target done and Nifty did all target on downside once below 14555 a perfect Gann Price time Squaring level. Bulls need to move above 14460 for a move back to 14525/14575/14624. Bears below 14343 for a move back to 14280/14222/14166. Nifty opened with gap up and once below 14343 did all target on downside, and made a new swing low below 14222. 14112 is the most important number to be watched out if Nifty opens with a gap down, Holding 14112 bulls can rally back to 14256/14333. Bears below that can see fall towards 14041/13968.

  • Total Future & Option trading volume at 34.5 Lakh core with total contract traded 1.85  lakh , PCR @0.96
  • Nifty Feb Future Open Interest Volume is at 0.41 Cores with addition of 20 Lakh with decrease in cost of carry suggesting short position were closed today, NF Rollover cost @13975, 
  • 14500 CE is having Highest OI at 49.5 Lakh, resistance at 14500 followed by 14600.14500-14600 CE added 34 Lakh in OI so bears added in range of 14500-14800.FII bought 36.6 K CE and 21 K CE were shorted by them. Retailers bought 71.7 K CE and 75.5 K  CE were shorted by them.
  • 14200 PE OI@25.1 Lakhs having the highest OI strong support at 14200 followed by 14100. 14000-14200 PE added 28 Lakh in OI so bulls addded position in range 14200-14000.FII bought 14 K PE and 14.9 K PE were shorted by them. Retailers bought 60  K PE and 39 K PE were shorted by them.
  • FII’s sold 765 cores and DII’s sold 387 cores in cash segment.INR closed at 73.21

Buy Above 14240 Tgt 14277,14300 and 14333 (Nifty Spot Levels)

Sell Below 14200 Tgt 14176,14141 and 14100 (Nifty Spot Levels)

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