Nifty continue to face resistance at Gann Angle,EOD Analysis

By | January 8, 2019 11:09 pm

  • FII’s sold 6.8 K contract of Index Future worth 418 cores 2.8 K Long contract were added by FII’s and 9.6 K Short contracts were added by FII’s. Net Open Interest increased  by 12.5 K contract, so rise in Nifty was used by FII’s to enter long and enter short in  Index futures.FII’s Long to Short Ratio at 0.92 . Qualities Every Trader must have
  • As Discussed in Last Analysis   Bulls need to close above 10777 for a move back to 10816/10882. Bears will get active below 10720 for a move back to 10666/10610. Low made 10733 so bulls protected 10720 and once above 10777 did our target of 10816. As we have been discussing 10816-10838  is important supply zone bulls need to close above this range for a move back to 10882 /10933. Bears will get active below 10720 for a move back to 10666/10610. Important intraday time for reversal can be at 10:05/11:29/2:26.  Bank Nifty continue to rally above 27225,EOD Analysis

  • Nifty Jan Future Open Interest Volume is at 2.54 core with addiiton of  4.2  Lakh with  increase in  cost of carry suggesting long position were added today, NF Rollover cost @10788 closed below  it.
  • 11000 CE  is having Highest OI  at 38.6 Lakh, resistance at 10900 followed by 11000 .10400-11000 CE liquidated 3.6 lakh in OI so bears  covered position in range of 10800-11000. FII bought 4.9 K CE and 2.3 K CE were shorted by them. Retail sold 14.3 K CE and 2 K CE were shorted by them.
  • 10500 PE OI@ 39.5 Lakhs having the highest OI strong support at 10600 followed by 10500 . 10500-11000 PE added 6.5 Lakh in OI so bulls added position in range 10700-10800 PE. FII bought 3.7 K PE and 10.6 K PE were shorted by them. Retail bought 117 K PE and 70.8 K PE were shorted by them.
  • Total Future & Option trading volume at 7.28 Lakh core with total contract traded at 1.28 lakh , PCR @0.91
  • FII’s sold 553 cores  and DII’s  bought 698 cores in cash segment.INR closed at 69.68 . USD INR Weekly Forecast

Buy above 10821 Tgt 10837,10865 and 10890 (Nifty Spot Levels)

Sell below 10781 Tgt 10755,10733 and 10710 (Nifty Spot Levels)

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