Nifty Analysis as Saturn goes Retrograde

By | May 24, 2021 8:07 pm
  • FII sold 3.6 K contract of Index Future worth 370 cores, Net OI has decreased by 4.3 K contract 4 K Long contract were covered by FII and 370 Shorts were added by FII. Net FII Long Short ratio at 1.22  so FII used fall to exit longs and enter  shorts.
  • As Discussed in Last Analysis  As we are near both Gann Angle support and Trendline support as shown in Supply Demand Chart 14862 will play a very crucial role. Bulls need a close above 14930  for a move back to 14990/15043/15100. Bears will get active below 14862 for a move back to 14794/14729/14666. We have discussed the effect of Saturn Retrograde on Nifty and Stocks in below video, We have formed a DOJI candel today at gann angle resistance. Bulls need a close above 15266 for a move back to 15321/15377/15432. Bears will get active below 15140 for a move back to 15084/15029/14973.
  • Total Future & Option trading volume at 35.3 Lakh core with total contract traded 0.95 lakh , PCR @0.80
  • Nifty April  Future Open Interest Volume is at 0.94 Cores with liqudiation of 5.1 Lakh with decrease in cost of carry suggesting LONG position were closed today, NF Rollover cost @14703 closed above it. 
  • 15500 CE is having Highest OI at 47.9 Lakh, resistance at 15400 followed by 15500. 15300-15500 CE added 12 Lakh in OI so bears added in range of 15300-15500. FII bought 586 CE and 10.9 K CE were shorted by them. Retailers bought 243 K CE and 165 K CE were shorted by them.
  • 15000 PE OI@47Lakhs having the highest OI strong support at 15000 followed by 15100. 15000-15200 PE added 14 Lakh in OI so bulls addded position in range 15000-15100.FII bought 586 PE and 10.9 K PE were shorted by them. Retailers bought 107 K PE and 113 K PE were shorted by them.
  • FII’s bought 585 cores and DII’s sold 707 cores in cash segment.INR closed at 72.96 

Buy Above 15212 Tgt 15243,15276 and 15299 (Nifty Spot Levels)

Sell Below 15143 Tgt 15120, 14840 and 14801 (Nifty Spot Levels)

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