NIFTY Analysis for 05 March

By | March 4, 2021 9:35 pm
  • FII sold 20.5 K contract of Index Future worth 2265 cores, Net OI has increased by 12.9 K contract 3.7 K  Long contract were covered by FII and 16.6 K Shorts were added by FII. Net FII Long Short ratio at 1.28 so FII used fall to exit longs and enter shorts.
  • As discussed in Last Analysis  As we have weekly expiry tommrow expect volatile move in nifty.Bulls need to move above  15276 for a move towards 15343/15400.Bears need to break 15190 for a move towards 15135/15070/15000. Tommrow is Important Anniversary Date of Nifty.We opened with gap down as price again reacted from gann angle resistance  but during market hours levels shared on Twitter worked perfectly and able to catch the whole move on upside. As today was important Astro date so today high and low break will decide next 200-250 points move in nifty. Bulls need to move above  15110 for a move towards 15164/15225/15287 .Bears need to break 15079 for a move towards 15018/14956/14895. 
  • Total Future & Option trading volume at 97.9 Lakh core with total contract traded 2.06 lakh , PCR @0.91
  • Nifty March Future Open Interest Volume is at 1.23  Cores with addition of 20 Lakh with decrease in cost of carry suggesting SHORT position were added today, NF Rollover cost @14938 closed below it. 
  • 15300 CE is having Highest OI at 12.6  Lakh, resistance at 15300 followed by 15400.15300-15500 CE added 14 Lakh in OI so bears added in range of 14700-14900.
  • 15000 PE OI@11.2 Lakhs having the highest OI strong support at 15000 followed by 14900. 15100-15300 PE added 14.9 Lakh in OI so bulls addded position in range 15100-15000.
  • FII’s sold 223 cores and DII’s sold 788 cores in cash segment.INR closed at 73.70

Buy Above 15110 Tgt 15135,15164 and 15212 (Nifty Spot Levels)

Sell Below 15055 Tgt 15015,14985 and 14950 (Nifty Spot Levels)

3 thoughts on “NIFTY Analysis for 05 March

  1. AJAY UPPAL

    Hi Sir,
    Can you explain how do you read the significant 13K Crs. Index Options purchase by FII on 4th Mar’21 given in above table?.
    Thanks in advance.

Leave a Reply