NIFTY Daily Technical Analysis

  • FII bought 499 contract of Index Future worth 2 cores, Net OI has increased by 3.9 K contract 2.2 K Long contract were added by FII and 1.7  K Shorts were added by FII. Net FII Long Short ratio at 1.92 so FII used rise to enter longs and enter shorts.
  • As discussed in Last Analysis Today being expiry  expect another volatile session, till we are below 15169 Mercury Ingress High Bears have upper hand and can push index towards 15040/14986/14932.Bulls need to move above 15170 for a move back to 15224/15289/15343. It was Dull expiry but bulls were able to close above 15170, Tommrow is very Important astro date bulls were able to close above 15170 can see move towards 15224/15289/15343. Bears will get active below 15125 for a move back to 15070/15025/14975. 
  • Total Future & Option trading volume at 68.8  Lakh core with total contract traded 0.98  lakh , PCR @0.97
  • Nifty Feb Future Open Interest Volume is at 1.08 Cores with liqudiation of 1.3  Lakh with decrease in cost of carry suggesting SHORT position were added today, NF Rollover cost @14217 closed above it. 
  • 15200 CE is having Highest OI at 19 Lakh, resistance at 15200 followed by 15300.15000-15300 CE added 14 Lakh in OI so bears added in range of 14800-15000.
  • 14800 PE OI@14.6 Lakhs having the highest OI strong support at 14800 followed by 14900. 14700-14900 PE added 18 Lakh in OI so bulls addded position in range 14700-14800.
  • FII’s bought 944 cores and DII’s sold 707 cores in cash segment.INR closed at 72.92

Buy Above 15190 Tgt 15216,15240 and 15270 (Nifty Spot Levels)

Sell Below 15155 Tgt 15127,15096 and 15055 (Nifty Spot Levels)

4 thoughts on “NIFTY Daily Technical Analysis”

  1. Hi Sir…thnx for knowledge sharing stuffs..very helpful….Also request to share Neural analysis Of Nifty and Bank Nifty for way ahead….much needed analysis at current Situation….THNX

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