RBI MPC | Can RBI Spoils the Nifty Bulls Party ?

By | February 5, 2021

  • FII sold 14.2 K contract of Index Future worth 1555 cores, Net OI has increased by 9.1 K contract 2.5 K Long contract were covered by FII and 11.6 K Shorts were added by FII. Net FII Long Short ratio at 1.7 so FII used rise to exit longs and enter shorts.
  • As discussed in Last Analysis Tommrow is another important astro date suggesting big move will be seen in next 2 trading sessions. Bulls now need to move above 14823 for a move back to 14884/14945/15007. Bears will get active below 14720 for a move back to 14666/14610/14555. Waiting for 14945/15007 today. As we will see outcome of RBI poilcy today Bulls need to move above 14968 for a move back to 15047/15120/15166. Bears have there chances below 14865 for a move towards  14814,14777 and 14729. Gann cycle which started from 7511 completing one important cycle at 15047.

  • Total Future & Option trading volume at 84.4 Lakh core with total contract traded 1.54  lakh , PCR @0.99
  • Nifty Feb Future Open Interest Volume is at 1.09 Cores with addition of 8.6  Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @14217 closed above it. 
  • 15000 CE is having Highest OI at 36.8 Lakh, resistance at 15000 followed by 14900.14800-15000 CE added 14 Lakh in OI so bears added in range of 14800-15000.
  • 14700 PE OI@18.9 Lakhs having the highest OI strong support at 14700 followed by 14600. 14500-14800 PE added 28 Lakh in OI so bulls addded position in range 14500-14700.
  • FII’s bought 1936 cores and DII’s sold 768 cores in cash segment.INR closed at 73.08

Buy Above 14816 Tgt 14843,14888 and 14921 (Nifty Spot Levels)

Sell Below 14765 Tgt 14740,14714 and 14685 (Nifty Spot Levels)

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