NIFTY EOD Analysis for 16 Feb

  • FII bought 5.4 K contract of Index Future worth 522 cores, Net OI has increased by 8.1 K contract 6.7 K Long contract were added by FII and 1.3  K Shorts were added by FII. Net FII Long Short ratio at 1.72 so FII used rise to enter longs and enter shorts.
  • As discussed in Last Analysis  Now next week we should see a break out in nifty with effect of Astro date we had on Friday. Bulls need to move above 15170 can see move towards 15224/15289/15343. Bears will get active below 15125 for a move back to 15081/15001/14920. We got gap up open and not much move through out the day. Bulls need to move above 15354 for a move back to 15416/15478/15540. Bears will get active below 15291 for a move back to 15230/15168/15107.

  • Total Future & Option trading volume at 20.5  Lakh core with total contract traded 0.92 lakh , PCR @0.98
  • Nifty Feb Future Open Interest Volume is at 1.08 Cores with liquidation of 0.93  Lakh with increase in cost of carry suggesting SHORT position were added today, NF Rollover cost @14217 closed above it. 
  • 15400 CE is having Highest OI at 22.7 Lakh, resistance at 15400 followed by 15500.15000-15300 CE added 24 Lakh in OI so bears added in range of 15300-15400.FII bought 19 K CE and 1 K shorted CE were covered by them. Retailers sold 31.7 K CE and 3.2 K  shorted CE were covered by them.
  • 15000 PE OI@15.6 Lakhs having the highest OI strong support at 15000 followed by 14900. 14700-15000 PE added 18 Lakh in OI so bulls addded position in range 14800-15000.FII bought 19.5 K PE and 27.2 K PE were shorted by them. Retailers bought 263 K PE and 204 K PE were shorted by them.
  • FII’s bought 1234 cores and DII’s sold 1048 cores in cash segment.INR closed at 72.70

Buy Above 15343 Tgt 15376,15399 and 15424 (Nifty Spot Levels)

Sell Below 15290 Tgt 15260,15225 and 15190 (Nifty Spot Levels)

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