Nifty continue to trade below gann arc, EOD Analysis

• FII’s bought 8.4 K contract of Index Future worth 603 cores ,6.5 K Long contract were added by FII’s and 1.9 K short contracts were liquidated by FII’s. Net Open Interest increased  by 4.6 K contract, so rise in market was used by FII’s to enter long and exit short in  Index futures.Winning Trader’s Mindset

• As discussed in last analysis    As we have RBI Policy tomorrow traders should watch 8681 if any sharp move on downside is seen, till 8681 is held current rally has more legs,Fresh long only above 8840. Bearish below 8752 for a move towards 8681/8650.  Low made was 8715 so we are still holding 8681 suggesting bulls are still having upper hand eventhough we are not able to cross the gann arc, as shown in below chart. Bearish only on close below 8681 and bullish above 8840 in between choppy move continue.   Bank Nifty continue to trade below gann arc, EOD Analysis

• Nifty Feb Future Open Interest Volume is at 2.15 core with liquidation of 2.8 Lakh with increase in cost of carry suggesting short  position were added today, NF Rollover cost @8468.
  

• Total Future & Option trading volume at 2.73 Lakh core with total contract traded at 0.85 lakh , PCR @1.01

• 9000  CE  is having Highest OI  at 62.5 lakh, resistance at 9000 followed by 8900 .8500-9000 CE added 6.4 Lakh in OI so bears added in 8800/9000 CE .FII sold 2.9 K CE longs and 7.5 K CE were shorted by them .Retail bought 70.3 K CE contracts and 31.4 K CE were shorted them.
  

• 8500 PE OI@62.6 lakhs having the highest OI strong support at 8500 followed by 8600. 8500-9000 PE added 11 Lakh in OI so bulls added in 8500/8600 PE. FII bought 15.9 K PE and 8.8 K PE were shorted by them  .Retail bought 44.3  K PE contracts and 23.4 K PE were shorted by them.
  

• FII’s sold 127 cores in Equity and DII sold 166 cores in cash segment.INR closed at 67.19
  

• Nifty Futures Trend Deciding level is 8778 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8702. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy above 8802  Tgt 8830,8850 and 8888 (Nifty Spot Levels)

Sell below 8750 Tgt 8725,8700 and 8681 (Nifty Spot Levels)

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