Nifty Ready for a Big Move,EOD Analysis

By | January 4, 2021 11:24 pm

  • FII bought 11.8 K contract of Index Future worth 942 cores, Net OI has increased by 6.2 K contract,9 K Long contract were added by FII and 2.8 K  Shorts were covered by FII. Net FII Long Short ratio at 3.6 So FII used rise to enter longs and exit shorts.
  • Nifty rallied for 9 day in a row first time in last 10 years Every Dip in Nifty is getting bought into, As per Quat Analysis if we see a correction of more than 196 points we can get a confrmation the current uptrend is over and we can see a decent correction in tune of 500-600 points.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. 

  • Total Future & Option trading volume at 24.5  Lakh core with total contract traded 1.34 lakh , PCR @0.96
  • 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.
  • 14200 CE is having Highest OI at 24.5 Lakh, resistance at 14200 followed by 14300.13900-14100 CE added 10.2 Lakh in OI so bears added in range of 14100-14300.FII bought 27.1 K CE and 24.7 K CE were shorted by them. Retailers bought 177 K CE and 154 K  CE were shorted by them.
  • 14000 PE OI@26.5 Lakhs having the highest OI strong support at 14000 followed by 13900. 13800-14000 PE added 25  Lakh in OI so bulls addded position in range 13800-13900.FII bought 21.6 K PE and 12.6 K PE were shorted by them. Retailers bought 177 K PE and 170 K PE were shorted by them.
  • FII’s bought 1843 cores and DII’s sold 715 cores in cash segment.INR closed at 73.20

Buy Above 14105 Tgt 14132,14166 and 14200 (Nifty Spot Levels)

Sell Below 14050 Tgt 14025,13985 and 13950 (Nifty Spot Levels)

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