NIFTY EOD Analysis for 17 Feb

• FII sold 5.9 K contract of Index Future worth 607 cores, Net OI has decreased by 4 K contract 5 K Long contract were covered by FII and 967 Shorts were added by FII. Net FII Long Short ratio at 1.59 so FII used rise to exit longs and enter shorts.

• As discussed in Last Analysis   Bulls need to move above 15354 for a move back to 15416/15478/15540. Bears will get active below 15291 for a move back to 15230/15168/15107. Day of whipsaw suggesting good move will be seen in next 2 trading session as per time cycel, Bulls need to move above 15354 for a move back to 15416/15478/15540. Bears will get active below 15245 for a move back to 15183/15122/15060.

• Intraday time for reversal can be at  10/10:47/11:33/12:18/2:12  How to Find and Trade Intraday Reversal Times

• Total Future & Option trading volume at 36.6  Lakh core with total contract traded 1.26 lakh , PCR @0.98

• Nifty Feb Future Open Interest Volume is at 1.07 Cores with liquidation of 1.07   Lakh with decrease in cost of carry suggesting SHORT position were closed today, NF Rollover cost @14217 closed above it. 

• 15500 CE is having Highest OI at 32.7 Lakh, resistance at 15500 followed by 15600.15400-15600 CE added 14 Lakh in OI so bears added in range of 15400-15600.FII bought 40 K CE and 34 K CE were shorted by them. Retailers bought 271 K CE and 202 K  CE were shorted by them.

• 15000 PE OI@25 Lakhs having the highest OI strong support at 15000 followed by 14900. 14700-15000 PE added 28 Lakh in OI so bulls addded position in range 14800-15000.FII bought 33 K PE and 7.4 K PE were shorted by them. Retailers sold 61.4  K PE and 370  PE were shorted by them.

• FII’s bought 1144 cores and DII’s sold 1559 cores in cash segment.INR closed at 72.72

• Nifty Futures Trend Deciding level is 15343  (For Intraday Traders). NF Trend Changer Level (Positional Traders) 15206  How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy Above 15343 Tgt 15376,15399 and 15424 (Nifty Spot Levels)

Sell Below 15290 Tgt 15260,15225 and 15190 (Nifty Spot Levels)