Nifty Analysis For Last Trading Day of 2021

  • FII bought 4858 contract of Index Future worth 425 cores, Net OI has decreased by 6.7 K contract 815 Long contract were covered by FII and 5.9 K Shorts were covered by FII. Net FII Long Short ratio at 1.94 so FII used RISE to EXIT longs and EXIT Shorts.
  • As discussed in last analysis High made was 17286 so our target of 17287 done and low was made was 17176 so bears unable to break 17161. till we are holding 17161 Bulls can rally back to 17287/17352. Bears below 17157 can see fall towards 17092/17027. Both Bulls and Bears got whipsaw in sideways market today, Now Set up is ready for a big move in nifty in next 2 trading session. Bulls need to move above 17287 for a move back to 17352/17400. Bears will get active below 17150 for a move back to17092/17027.  

  • MAX Pain is at 17200 PCR at 0.97, Rollover cost @1728
  • Nifty Jan  Future Open Interest Volume is at 2.85 Cores with addition of 96 Lakh with increase in cost of carry suggesting LONG positions were added  today.
  • There is total OI of 6.4 Cores on the Call side and 7.6 Cores on the Put side, So, the activity is more on the PUT side, indicating option writers are  in BULLISH zone.
  • Its been a Choppy trade in past few trading sessions with volatile move coming both sides, and seeing swing in MTM can drain a trader emotionally. But thats the Job of trader to pass tough times with less loss and sit tight when trending move is coming. 
  • The Option Table data indicates decent support at 17000 and reasonable resistance at 17300 .
  • FII’s sold 986 cores and DII’s bought 577 cores in cash segment.INR closed at 74.62
  • December series had a maximum roll-overs of around 242 Lakh contracts in last 4 days of trading . The NF was trading in the range between 17332-16984. Whenever, the price band is approached, expect some violent reactions.
  • We will have Weekly,Monthly,Quaterly,Yearly closing tommrow its a rare event , Nifty is  up by just 23 % for the whole year. Bulls would like to close in range of 17325-17343  for a good begining in New Year 2022
  • For Positional Traders Stay long till we are holding Trend Change Level 17203 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 17235 will act as a Intraday Trend Change Level.

Buy Above 17231 Tgt 17274, 17299 and 17359 (Nifty Spot Levels)

Sell Below 17160 Tgt 17130, 17100 and 17067 (Nifty Spot Levels)

As always I wish you maximum health and trading success

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