- FII’s bought 7.1 K contract of Index Future worth 401 cores 6.4 K Long contract were added by FII’s and 637 Short contracts were covered by FII’s. Net Open Interest increased by 5.8 K contract, so fall in Nifty was used by FII’s to enter long and exit short in Index futures.FII’s Long to Short Ratio at 1.12. Learn How to Pull the Trigger on a Trade
- As Discussed in Last Analysis Till we are below 10930 bears have upperhand and can go towards 10850/10814/10777. We have time cycle confluence on 12-13 Feb so expect good move in Nifty in coming 2 days. High made today was 10910 so bears defended 10930 and were rewarded with 2 target on downside,Bulls will get active above 10857 for a move back to 10885/10930. Bears will get active below 10810 for a move towards 10784/10730.
- Important intraday time for reversal can be at 12:17/2:47. Bank Nifty continue to fall below 27300
- Nifty Feb Future Open Interest Volume is at 2.17 core with addition of 0.61 Lakh with decrease in cost of carry suggesting short position were closed today, NF Rollover cost @10727 closed above it
- 11000 CE is having Highest OI at 39.3 Lakh, resistance at 11000 followed by 11100 .10400-11000 CE added 8.9 lakh in OI so bears added position in range of 10900-11000. FII bought 2 K CE and 10.6 K CE were shorted by them. Retail bought 140 K CE and 68.9 K CE were shorted by them.
- 10700 PE OI@ 28.5 Lakhs having the highest OI strong support at 10800 followed by 10700 . 10500-11000 PE liquidated 6.2 Lakh in OI so bulls covered position in range 10700-10800 PE. FII bought 2 K PE and 10.6 K PE were shorted by them. Retail sold 40 K PE and 1.8 K PE were shorted by them.
- Total Future & Option trading volume at 6.83 Lakh core with total contract traded at 1.08 lakh , PCR @0.93
- FII’s sold 466 cores and DII’s sold 122 cores in cash segment.INR closed at 70.70 USD INR Weekly Forecast as per Gann
- Nifty Futures Trend Deciding level is 10891 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 10945 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 10857 Tgt 10885,10910 and 10930 (Nifty Spot Levels)
Sell below 10820 Tgt 10800,10777 and 10743 (Nifty Spot Levels)
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