Nifty Analysis for 14 Dec

By | December 13, 2021 11:33 pm

  • FII sold 10.5 K  contract of Index Future worth 945 cores, Net OI has increased by 8 K contract 1.2 K Long contract were covered by FII and 9.3 K Shorts were added by FII. Net FII Long Short ratio at 1. so FII used RISE to EXIT longs and ENTER Shorts.
  • As Discussed in Last Analys We are getting double Ingress tommrow as Mercury is moving in Capricon and Mars is moving in Sagittarius alongwith Lunar Cycle  suggesting we are in for big move in next 2 trading sessions. Bulls need to move above 17576 for a move towards 17637/17703/17769/17835. Bears will get active below 17440 for a move towards 17374/17308/17225. We opened with gap up and as soon as 15 min low was broken based on double ingress as seen in below video bears had upper hand. Now nifty is near an important level of 17304 which it has held in last 3-4 trading session close below this can see fall towards 17000 levels.  Bulls need a move above 17374 for a move towards 17440/17506/17573/17639. Bears will have chance below 17299 for a move towards 17243/17177/17112.

  • MAX Pain is at 17450 PCR at 0.94, Nifty Rollover cost @ 17538 closed above it
  • Nifty Dec Future Open Interest Volume is at 1.08 Cores with liquidation of 2.2 Lakh with decrease in cost of carry suggesting LONG positions were closed today.
  • There is total OI of 6 Cores on the Call side and 6.7 Cores on the Put side, So, the activity is more on the PUT side, indicating option writers are  in BULLISH zone.
  • We do not get into strong bull trend with out sufficient backup in the equity segment. Probably the institutions also are adopting a wait-and-watch policy till the global dust settles on OMNICORN down – and are playing the market with a very short term outlook – perhaps manipulating the index on a series by series basis.
  • The Option Table data indicates decent support at 17300 and reasonable resistance at 17600.
  • FII’s sold 2743 cores and DII’s bought 1351 cores in cash segment.INR closed at 75.90
  • Retailers have bought 938 K CE contracts and 780 K shorted CE contracts were shorted by them on Put Side Retailers bought 99 K PE contracts and 162 K PE contracts were shorted by them suggesting having BULLSIH  outlook,On Flip Side FII bought 100 K CE contracts and 113 K shorted CE were added by them, On Put side FII’s bought 43.8 K PE and 17 K PE were shorted by them suggesting they have a turned to BEARISH Bias.
  • The most obvious is the most deceiving in stock markets. Be cautious if you are Short,Remember trading is a game played on perceptions. — Worked Perfectly 
  • For Positional Traders Stay long till we are holding Trend Change Level 17317  and stay short below it. That will help you stay on the side of Institutions and which has a greater risk-reward ratio. For Intraday Traders 17533 will act as a Intraday Trend Change Level.

Buy Above 17374 Tgt 17400, 17444 and 17484 (Nifty Spot Levels)

Sell Below 17323 Tgt 17300, 17269 and 17225 (Nifty Spot Levels)

As always I wish you maximum health and trading success

Category: Daily

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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