Nifty Analysis For 04 Dec

• FII sold 3.5 K contract of Index Future worth 367 cores, Net OI has increased by 3 K contract, 252 Long contract were covered by FII and 3.2 K short were added by FII. Net FII Long Short ratio at 1, So FII used rise to exit longs and enter shorts.

• As discussed in last analysis  Now Bears need to break 12000 for the down move to continue till 11921/11850. Bulls have there chance only above 12100 for a move back to 12167/12225.We have VENUS Aphelion Happening today suggesting trend change in market can be seen below 12000. We have close below 12000 today now bears are waiting for the target of 11921/11850.Bulls have there chance only above 12074 for a move back to 12130/12167/12225.
  

• Important intraday time for reversal can be at 9:39/10:19/11:57/12:33/1:51 How to Find and Trade Intraday Reversal Times

• Total Future & Option trading volume at 8 Lakh core with total contract traded at 1 lakh , PCR @1

• Nifty Dec Future Open Interest Volume is at 1.36 Lakh core with liquidation of 0.78  Lakh with increase in cost of carry suggesting short  position were closed today, NF Rollover cost @12132 closed below it.

 

• 12100 CE is having Highest OI at 35 Lakh, resistance at 12100 followed by 12200 .11800-12300 CE added 26 Lakh in OI so bears added position in range of 12000-12200. FII sold 869 CE and 2 K CE were shorted  by them.Retailers bought 103 K CE and 71 K  CE were shorted by them.

• 12000 PE OI@20 Lakhs having the highest OI strong support at 12000 followed by 11900 . 11800-12200 PE liquidated 6.6 Lakh in OI so bulls covered position in range 12000-12100.FII bought 3.4 K PE and 1.4 K PE were shorted by them. Retailers sold 21 K PE and 6.4 K shorted PE were covered by them.

• FII’s sold 1131 cores and DII’s bought 963 cores in cash segment.INR closed at 71.69
  

• Nifty Futures Trend Deciding level is 12040 For Intraday Traders). NF Trend Changer Level (Positional Traders) 12101  How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy Above 12013 Tgt 12030,12055 and 12078 (Nifty Spot Levels)

Sell Below 11970 Tgt 11950,11915 and 11890 (Nifty Spot Levels)