Nifty trade above 8100 heading towards 8250,EOD Analysis

By | December 5, 2016 9:52 pm
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fii

  • FII’s sold 1.4 K contract of Index Future worth 178 cores ,0.9 K Long contract were liquidated by FII’s and 0.05 K short contracts were liquidated by FII’s. Net Open Interest increased  by 0.03 K contract, so rise in market was used by FII’s to exit long and exit shorts  in  Index futures. Why Traders are unable to Follow Your Trading Plan
  • As discussed in last analysis Now Bulls need a close above 8250 for a move towards 8318/8444. Bears will get active below 8140 for a move towards 8080/8050. Low made today was 8056 so bears did the target on downside. Now Holding above 8130 bulls will made a move towards 8200/8250. Big Bullish momentum will come above 8250 for a move towards 8370/8444. Bears will become active below 8031 for a move towards 7972/7916.   Bank Nifty continue to hold gann support zone,EOD Analysis

nifty_2

  • Nifty Dec Future Open Interest Volume is at 1.55 core with liquidation of 2.1 Lakh with increase in cost of carry suggesting short  position were added today, NF Rollover cost @8049 closed above it.
  • Total Future & Option trading volume at 2.08 Lakh core with total contract traded at 1.25  lakh , PCR @0.91.
  • 8300  CE  is having Highest OI  at 46.3 lakh, resistance at 8300 followed by 8500 .7900/8500 CE  added 5.5  lakh so bears added in 8400/8500 CE .FII bought 1.6 K CE longs and 0.02 K CE were shorted by them .Retail bought 26.8 K CE contracts and 22.7 K CE CE were shorted by them.
  • 8000 PE OI@76 lakhs having the highest OI strong support at 8000. 7900-8500 PE added 22.7 Lakh in OI so bulls  added aggressively in 8100/8000 PE. FII bought 6.4 K  PE longs  and 23.7 K PE were shorted by them .Retail bought 28.7 K PE contracts and 23.7 K PE were shorted by them.
  • FII’s sold 317 cores in Equity and DII’s bought 163 cores in cash segment.INR closed at 68.21

Buy above 8143 Tgt 8162,8194 and 8220 (Nifty Spot Levels)

Sell below 8105 Tgt 8080,8055 and 8025 (Nifty Spot Levels)

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