Nifty Forms DOJI on Time Cycle Date

By | January 30, 2019 12:00 am

  • FII’s sold 3.9 K contract of Index Future worth 466 cores 11.1 K Long contract were added by FII’s and 5.4 K Short contracts were added  by FII’s. Net Open Interest increased  by 26.2 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 0.92.Trading Mindset of Successful Traders
  • As Discussed in Last Analysis  We did 10666 on downside and now approaching the important trend change date of 29 Jan i have explained the Logic in the below video, Bears will get active below 10650 for a move back to 10610/10570/10525. Bulls have change only above 10730 for a move back to 10800/10885. Bears did the 1 target on downside Range of 10585-10570  is strong support zone, Today being an important date high and low are important as explained in video below Bulls will get active only above 10690 for a move back to 10730/10777/10821. Fresh shorts below 10570 for a move towards 10512/10450. Important intraday time for reversal can be at 9:43/2:28. Bank Nifty Corrects 400 points on Break of Gann Angle 

  • Nifty Jan Future Open Interest Volume is at 1.79   core with liquidation of 41Lakh with  decrease in  cost of carry suggesting long position were closed today, NF Rollover cost @10788 closed below it.
  • 10900 CE  is having Highest OI  at 38.3  Lakh, resistance at 10700 followed by 10800 .10400-11000 CE added 14.5 lakh in OI so bears  added position in range of 10700-10900. FII bought 10 K CE and 6.5 K CE were shorted by them. Retail bought 6.4 K CE and 4.2 K shorted CE were covered by them.
  • 10500 PE OI@ 27 Lakhs having the highest OI strong support at 10600 followed by 10500 . 10500-11000 PE liquidated 10 Lakh in OI so bulls covered position in range 10700-10800 PE. FII bought 542 PE and 527  PE were shorted by them. Retail bought 10.8 K PE and 8 K PE were shorted by them.
  • Total Future & Option trading volume at 8.55  Lakh core with total contract traded at 0.89  lakh , PCR @0.61

Buy above 10666 Tgt 10690,10710  and 10730(Nifty Spot Levels)

Sell below 10625 Tgt 10600,10580 and 10550 (Nifty Spot Levels)

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