Nifty Analysis for Jan Series

• As Discussed in Last Analysis  Now bulls need close above 10505 for the next leg of up move towards 10570-10600. Bearish below 10470 for a move towards 10410. Nifty bulls were unable to protect 10505  on expiry day, Low made was 10460 but close above 10479 so bears were unable to break 10470. 31 is important time cycle date for this year effect should be seen either tommrow or 02 Jan. Bulls need a close above 10490 for a move towards 10550/10601. Bearish below 10410 for a move towards 10350/10250.  Bank Nifty Analysis for Jan Series

 

• Nifty Jan Future Open Interest Volume is at 2.22 core with addition of 89.2 Lakh with increase in  cost of carry suggesting long position were added today, NF Rollover cost @10545 closed below it Rollover % at 71 highest in last 3 months.
  

• Total Future & Option trading volume at 13.50 Lakh core with total contract traded at 2.1 lakh , PCR @1.20
  

• FII’s bought 562 cores  and DII’s sold 774 cores in cash segment.INR closed at 64.08As Discussed in Last Analysis
  

• Nifty Futures Trend Deciding level is 10535 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 10535. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy above 10490 Tgt 10520,10545 and 10565 (Nifty Spot Levels)

Sell below 10460 Tgt 10445,10425  and 10400 (Nifty Spot Levels)

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