- As discussed in last analysis Bulls will become active above 11250 for a move back to 11321/11392. Bears will get active below 11197 for a move back to 11150/11100. Today is important time cycle date. Volatility is the name of the game as we have seen in Friday market, Trade in less quantity put limit orders to avoid slippages. Bulls will become active above 11321 for a move back to 11362/11400. Range of 11370-11400 is crucial zone, Bulls need a close above 11400 for positive move to come towards 11600. Bears will get active below 11270 for a move back to 11230/11180
- FII bought 8.2 K contract of Index Future worth 661 cores, Net OI has decreased by 2.4 K contract, 2.8 K Long contract were added by FII and 5.3 K short were covered by FII. Net FII Long Short ratio at 0.51, So FII used fall to enter longs and exit shorts.
- Total Future & Option trading volume at 9 Lakh core with total contract traded at 1.96 lakh , PCR @0.82
- Nifty Oct Future Open Interest Volume is at 1.47 core with addition of 1.92 Lakh with decrease in cost of carry suggesting long position were added today, NF Rollover cost @11608 closed below it.
- 11500 CE is having Highest OI at 23.5 Lakh, resistance at 11500 followed by 11600 .11200-11700 CE liquidated 4.1 Lakh in OI so bears covered position in range of 11500-11600.FII bought 17.6 K CE and 18.6 K CE were shorted by them, Retailers bought 112 K CE and 100 K CE were shorted by them.
- 11000 PE OI@27 Lakhs having the highest OI strong support at 11200 followed by 11000 . 11000-11700 PE added 2.6 Lakh in OI so bulls added position in range 11200-11300.FII bought 3 K PE and 17.4 K PE were shorted by them, Retailers bought 83 K PE and 77 K PE were shorted by them.
- FII’s bought 749 cores and DII’s sold 703 cores in cash segment. INR closed at 71.12
Buy Above 11321 Tgt 11343,11362 and 11400 (Nifty Spot Levels)
Sell Below 11280 Tgt 11260,11233 and 11200 (Nifty Spot Levels)