Nifty ready for a Big Move

By | February 5, 2019 9:30 pm

  • FII’s bought 8.3 K contract of Index Future worth 794 cores 10.8 K Long contract were added by FII’s and 2.4 K Short contracts were added by FII’s. Net Open Interest increased  by 13.3 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 0.86. Tips for Successful Trading
  • As Discussed in Last Analysis   Nifty Bulls were able to close above 10910 and now waiting for target of 10985/11035/11100. Bears will get active below 10810 for a move towards 10730/10666/10610. High made today was 10956 so bulls still waiting for 1 target of 10985, Today was an important time cycle day break of today high 10956 can see a move of 70-100  points easily so we can move towards 11035/11100 . Bears will get active below 10877 for a move towards 10814/10777.

  • Nifty Feb Future Open Interest Volume is at 1.87 core with addition of 4.8 Lakh with  decrease in  cost of carry suggesting long position were closed today, NF Rollover cost @10727 closed above it
  • 11000 CE  is having Highest OI  at 33.4  Lakh, resistance at 11000 followed by 11000 .10400-11000 CE liquidated 0.94 lakh in OI so bears  covered position in range of 10900-11000. FII bought 6.5 K CE and 1.1 K CE were shorted by them. Retail bought 6.5 K CE and 5.2 K CE were shorted by them.
  • 10700 PE OI@ 32.3 Lakhs having the highest OI strong support at 10700 followed by 10600 . 10500-11000 PE added 8.1  Lakh in OI so bulls added position in range 10700-10600 PE. FII bought 150  PE and 5.2 K PE were shorted by them. Retail bought 66.1  K PE and 51 K PE were shorted by them.
  • Total Future & Option trading volume at 5.58 Lakh core with total contract traded at 1.08  lakh , PCR @0.95

Buy above 10957 Tgt 10983,11000 and 11035 (Nifty Spot Levels)

Sell below 10910 Tgt 10885,10860 and 10840(Nifty Spot Levels)

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Category: Nifty Technical Analysis

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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