Nifty Forms a Perfect Doji Near Astro Date

By | April 9, 2021 7:46 am
  • FII bought 2.3 K contract of Index Future worth 262 cores, Net OI has decreased by 1.4 K contract 469 Long contract were added by FII and 1.9 K  Shorts were covered by FII. Net FII Long Short ratio at 1.55 so FII used rise to enter longs and exit shorts.
  • As Discussed in Last Analysis  Bulls need to move above 14850 for a move towards 14900/14949/15012/15055. Bears will get active below 14763 for a move back to 14729/14686/14610/14555. Bulls were able to do 2 target on upside, Now Bulls need to move above 14885 for a move back to 14952/15010/15055/15100. Bears are below 14820 we can move back to 14784/14729/14688/14610. 10 April is important Bayers Date so we should see effect either today or Monday.
  • Total Future & Option trading volume at 85.5 Lakh core with total contract traded 1.29 lakh , PCR @0.92
  • Nifty April  Future Open Interest Volume is at 1.04 Cores with liquidation of 3 Lakh with increase in cost of carry suggesting LONG position were closed today, NF Rollover cost @14719 closed above it. 
  • 15000 CE is having Highest OI at 12.6 Lakh, resistance at 15000 followed by 15100.14800-15100 CE added 25 Lakh in OI so bears added in range of 14800-14900.
  • 14500 PE OI@12.7 Lakhs having the highest OI strong support at 14500 followed by 14400. 14500-14700 PE added 13 Lakh in OI so bulls addded position in range 14400-14500.
  • FII’s bought  110 cores and DII’s bought 552 cores in cash segment.INR closed at 74.8

Buy Above 14885 Tgt 14907,14943 and 14970 (Nifty Spot Levels)

Sell Below 14850 Tgt 14821,14799 and 14766 (Nifty Spot Levels)

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