Nifty January Expiry Analysis

• FII’s sold 61.1 K contract of Index Future worth 1300 cores, 69.4 K Long contract were added  by FII’s and 1.3 Lakh  short contracts  were added by FII’s. Net Open Interest increased  by 2 lakh contract ,so FII’s added long and added  majority shorts in index future.So after long time FII’s have shorted index futures in huge quantity.

• Nifty made new life high today @ 8985  and rising for 9 straight session forming shooting start candlestick , also rallying 1024 points which is also near to 1041 points as discussed in last analysis   Nifty is trading well above its 34 HEMA@ 8874 so till its held bulls are in control.Also today correction we have seen is 111 points so if break of 8874/8861 range we can see pullback till 8770/8700. Holding 8874 we can see upmove till 9000/9035.
  

 

• Nifty Future Jan Open Interest Volume is at 1.07 core with liquidation of 53 lakhs , the whole liquidation got rollovered to Feb series with addition addition of 30 lakh in OI,  fresh long addition seen.
  

• Total Future & Option trading volume was   at 5.70 lakh core with total contract traded at 8 lakh. PCR @1.09.

• 9000  CE  OI at 52.3  lakh so wall of resistance @ 9000 .8600/8900 CE saw huge liquidation of 19.4  lakhs so bears continued with their covering of Calls. FII bought 52.5 K CE and 9.6 K shorted  CE were covered by them.
  

• 8800 PE OI@ 47.9  lakhs so strong base @ 8800. 8800/8900 PE  added 10 lakh in OI so bulls are preparing ground for further assualt.. FII bought 22.7 K PE and 79 K PE were shorted  by them.
  

• FII’s bought 1723 cores in Equity and DII sold 1292 cores in cash segment.INR closed at 61.39.
  

• Nifty Futures Trend Deciding level is 8922 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8829 and BNF Trend Deciding Level 20611 (For Intraday Traders) BNF Trend Changer Level (Positional Traders) 20249.How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . 
  

 

Buy above 8925 Tgt 8948,8970 and 9000 (Nifty Spot Levels)

Sell below 8885 Tgt 8848,8825 and 8800 (Nifty Spot Levels)

Upper End of Expiry:9006

Lower End of Expiry:8821

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