- FII’s sold 45.8 K contract of Index Future worth 3600 cores 27.5 K Long contract were covered by FII’s and 17.8 KShort contracts were added by FII’s. Net Open Interest decreased by 9.7 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 0.96 Learn How to Pull the Trigger on a Trade
- As Discussed in Last Analysis Bears will have upperhand till we are below 10857 and can move towards 10730/10666/10610. Bulls will get active above 10857 for a move back to 10885/10930. 10730 done. Fresh shorts should be taken below 10710 for a move towards 10666/10610.Bulls will get active above 10800 for a move back to 10857/10885/10930.
- Important intraday time for reversal can be at 10:24/2:46. Bank Nifty continue to fall below 27300
- Nifty Feb Future Open Interest Volume is at 2.11 core with liquidation of 11 Lakh with increase in cost of carry suggesting short position were closed today, NF Rollover cost @10727 closed above it
- 11000 CE is having Highest OI at 42.2 Lakh, resistance at 10900 followed by 11000 .10400-11000 CE added 19.1 lakh in OI so bears added position in range of 10800-10900. FII sold 5.6 K CE and 6 K CE were shorted by them. Retail sold 301 K CE and 205 K CE were shorted by them.
- 10700 PE OI@ 30.9 Lakhs having the highest OI strong support at 10700 followed by 10600 . 10500-11000 PE added 0.36 Lakh in OI so bulls added position in range 10700-10600 PE. FII bought 3 K PE and 16.6 K shorted PE were covered by them. Retail sold 113 K PE and 90.5 K shorted PE were covered by them.
- Total Future & Option trading volume at 15.89 Lakh core with total contract traded at 1.43lakh , PCR @0.74
- FII’s sold 250 cores and DII’s bought 1225 cores in cash segment.INR closed at 71.18 USD INR Weekly Forecast as per Gann
- Nifty Futures Trend Deciding level is 10777 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 10922 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 10760 Tgt 10786,10800 and 10821 (Nifty Spot Levels)
Sell below 10730 Tgt 10710,10690 and 10666 (Nifty Spot Levels)
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