Nifty Ready for the big move

• FII sold 7.5 K contract of Index Future worth 664 cores, Net OI has decreased by 2.9 K contract, 5.2 K Long contract were covered by FII and 2.3 K short were added by FII. Net FII Long Short ratio at 0.81, So FII used rise to exit longs and enter shorts.

• As discussed in last analysis   Now Bulls need to move above 12074  for rally to continue towards 12154/12210. Bears will get active below 11993 for a move back to 11938/11883.Low made was 11998 so bears did not got a chance now waiting for break of 11984 to become active for a move towards 11938/11883. Bulls will get active above 12081 for a move back to 12167.As per time cycle we should see a good move in next 2 trading sessions.

• Important intraday time for reversal can be at 9:28/10:15/11:14/1:33/2:21 How to Find and Trade Intraday Reversal Times

• Total Future & Option trading volume at 30 Lakh core with total contract traded at 1.20 akh , PCR @0.82

• Nifty Dec Future Open Interest Volume is at 1.31 Lakh core with liquidation of 5  Lakh with decrease in cost of carry suggesting short  position were closed today, NF Rollover cost @12132 closed below it.

 

• 12100 CE is having Highest OI at 13.2 Lakh, resistance at 12100 followed by 12200 .11800-12300 CE added 34 Lakh in OI so bears added position in range of 12000-12200.

• 11900 PE OI@11.2 Lakhs having the highest OI strong support at 11900 followed by 12000 . 11800-12200 PE added 24 Lakh in OI so bulls added position in range 11900-12000.

• FII’s bought 635  cores and DII’s sold 410 cores in cash segment.INR closed at 71.28
  

• Nifty Futures Trend Deciding level is 12069 For Intraday Traders). NF Trend Changer Level (Positional Traders) 12084  How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy Above 12038 Tgt 12060,12081 and 12105 (Nifty Spot Levels)

Sell Below 11988 Tgt 11966,11950 and 11930 (Nifty Spot Levels)