Nifty EOD Analysis for 15 Nov

  • FII sold 4.6 K contracts of Index Futures worth 441 cores, Net OI has increased by 4.4 K contracts, 67 Long contracts were liquidated by FII and 4.5 K shorts were added by FII. Net FII Long to Short ratio at 0.72, so FII used the rise to exit longs and enter shorts.
  • As discussed in last analysis; Bulls will get active above 11890 for a move back to 11946/12000. As per time cycle, another good move should be seen tomorrow. Bears were unable to reach the target of 11777, so it was a day of whipsaw. As today was an Important astro date, Breaks of High and Low can see a 75-125 point move in Nifty. Bulls need to close above 11900 for a move back to 11946/12000/12068. Bears will get active below 11800 for a move back to 11747/11693.

  • Total Future & Option trading volume is at 31 Lakh cores, with total contracts traded at 1.05 lakh , PCR @0.68
  • Nifty Nov Future Open Interest Volume is at 1.53 Lakh cores, with a liquidation of 2.6 Lakh. with an increase in the cost of carry suggesting short  positions were closed today, NF Rollover cost is @11814 and closed above it.
  • 12000 CE is having a Highest OI at 9.8 Lakh, resistance at 12000, followed by 12100. 11500-12000 CE added 31 Lakh in OI, so bears added positions in the range of 12000-12200.
  • 11800 PE OI is @14.2 Lakhs, having the highest OI strong support at 11800, followed by 11700. 11500-12000 PE added 35 Lakh in OI, so bulls added positions in the range of 11800-11700.
  • FII’s sold 562 cores and DII’s bought 82 cores in the cash segment. INR closed at 72.03.

Buy Above 11890 Tgt 11910,11946 and 11965 (Nifty Spot Levels)

Sell Below 11850 Tgt 11820,11800 and 11777 (Nifty Spot Levels)