- FII’s sold 6.7 K contract of Index Future worth 577 cores ,18.6 K Long contract were added by FII’s and 25.3 K Short contracts were added by FII’s. Net Open Interest increased by 43.9 K contract, so fall in Nifty was used by FII’s to enter long and enter short in Index futures.FII’s Long to Short Ratio at 0.54. DivA Software for Fundamental Analysis for All Companies of BSE and NSE
- As Discussed in Last Analysis As tomorrow is very crucial time cycle date and Bears closed below 10250 so we need to see fresh down move to happen towards 10204/10138/10090. Bullish above 10300 for a move back to 10368/10410/10470. We got the expected down move low made was 10102 near our target of 10090. Nifty Low made today was 10102 and today being an Important trend change date.We can do Price Time Squaring. Any new shorts should be taken below 10088 only for a target of 10000/9930. Longs above 10210 for a move back to 10250/10310. In between will become no trade zone.Important intraday time for reversal can be at 9:59/1:44/2:56.Bank Nifty continue to hold 24920,EOD Analysis
- Nifty Nov Future Open Interest Volume is at 1.08 core with addition of 57 Lakh with increase in cost of carry suggesting Short position were added today, NF Rollover cost @11075 closed below it.
- 10500 CE is having Highest OI at 37 Lakh, resistance at 10500 followed by 10600 .10000-10500 CE added 30.9 lakh in OI so bears added position in range of 10300-10400. FII sold 1.3 K CE and 5.9 K CE were added by them. Retail bought 31.2 K CE and 8.2 K CE were shorted by them.
- 10000 PE OI@36.6 Lakhs having the highest OI strong support at 10100 followed by 10000 . 10000-10700 PE liquidated 26 Lakh in OI so bulls covered position in range 10200-10100 PE. FII sold 6.9 K PE and 19.9 K shorted PE were covered by them. Retail bought 9.1 K PE and 8.7 K PE were shorted by them.
- Total Future & Option trading volume at1 9.82 Lakh core with total contract traded at 2,3 lakh , PCR @0.80
- FII’s sold 340 cores and DII’s bought 116 cores in cash segment.INR closed at 73.55 USD INR Weekly Forecast for 15-19 Oct
- Nifty Futures Trend Deciding level is 10155 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 10258 . How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 10160 Tgt 10190,10212 and 10250 (Nifty Spot Levels)
Sell below 10090 Tgt 10060,10035 and 10000 (Nifty Spot Levels)
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