- As discussed in last analysis Nifty continue to hold on to its gann angle, Low made today was 10346 so bulls again protected 10330 but unable to cross 10410 so we continue to trade in small range. Bullish above 10410 for a move towards 10490/10525. Bearish below 10330 for a move towards 10280/10230/10180.As we have expiry tommrow and nifty near gann angle support as seen in below chart so we can see expiry fireworks. High made today was 10332 as Nifty broke 10330 and gann angle we saw the expected down move which did our target of 10230. Till Nifty is below 10250 we can see fall towards 10150-140 where the gann angle support lies as shown in below chart. Bullish above 10275 for a move towards 10330/10410/10490/10530. Bank Nifty December Series Overview
- Nifty Dec Future Open Interest Volume is at 1.73 core with addition of 56.7 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @10396 and rollover at 61.4%.
- Total Future & Option trading volume at 15 Lakh core with total contract traded at 1.84 lakh , PCR @0.81
- FII’s sold 1500 cores and DII’s bought 1202 cores in cash segment.INR closed at 64.45
- Nifty Futures Trend Deciding level is 10307 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 10307. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 10240 Tgt 10260,10280 and 10310 (Nifty Spot Levels)
Sell below 10210 Tgt 10182,10160 and 10135 (Nifty Spot Levels)
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