Nifty Analysis for 23 June

By | June 22, 2021 8:07 pm
  • FII sold 4.2 K contract of Index Future worth 478 cores, Net OI has increased by 5.2 K contract 4.4 K Long contract were added by FII and 7.1 K Shorts were covered by FII. Net FII Long Short ratio at 2.3 so FII used rise to enter longs and exit shorts so longs entered and shorts exited from the system. We have seen 6.8 K Cr Options Buying today suggesting another trending move will be seen as Retailers have written both CE and PE expeting rangebound,good time for big players to do a shake off.
  • As Discussed in Last Analysis We have 3 Plannet Ingress Sun/Jupiter/Mercury on 20/21/22 this particule Astro Phenomeon is called Tripple Ingress and is a very rare and powerful astro event,Mercury will go Direct tommrow so another big move will be seen. Bulls will get active above 15799 for a move towards 15864/15931/16000.  Bears will get active below 15707 for a move towards 15636/15555. Nifty opened with gap up and did 15864 on upside,did time correction after big rally yesterday and closed above the Triple Ingress Day High. No Change in plan for swing traders Bulls will get active above 15799 for a move towards 15864/15931/16000.  Bears will get active below 15743 for a move towards 15666/15610.
  • Total Future & Option trading volume at 42.2 Lakh core with total contract traded 1.01 lakh , PCR @1.02
  • Nifty June Future Open Interest Volume is at 0.60 Cores with liquidation of 0.19 Lakh with decrease in cost of carry suggesting SHORT position were closed today, NF Rollover cost @15296 closed above it. 
  • 15900 CE is having Highest OI at 20 Lakh, resistance at 15900 followed by 16000. 15900-16000 CE added 24 Lakh in OI so bears added in range of 15900-16000. FII bought 61.5 K CE and 32.4 K CE were shorted by them. Retailers bought 279 K CE and 208 K CE were shorted by them. 
  • 15500 PE OI@51 Lakhs having the highest OI strong support at 15500 followed by 15600. 15500-15700 PE added 22 Lakh in OI so bulls addded position in range 15600-15500. FII bought 13.8 K PE and 23.4 K shorted PE were coverd by them. Retailers sold 40 K PE and 570 PE shorted PE were coverd by them.
  • FII’s sold 1027 cores and DII’s bought 302 cores in cash segment.INR closed at 74.37

Buy Above 15790 Tgt 15816,15840 and 15864 (Nifty Spot Levels)

Sell Below 15743 Tgt 15714, 15690 and 15666(Nifty Spot Levels)

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