Nifty EOD Analysis for 25 Oct

  • As discussed in last analysis; Bulls need a close above 11651 for the rally to continue till 11700/11743. Bears will get active below 11555 for a move back to 11506/11457. It was a day of whipsaw as both buy and sell levels got triggered, we should see a good trending move tomorrow. Bulls need a close above 11610 for the rally to continue till 11660/11715. Bears will get active below 11570 for a move back to 11520/11457.
  • FII sold 5 K contracts of Index Futures worth 326 cores, Net OI has increased by 8.7 K contracts, 1.8 K  Long contracts were added by FII and 6.8 K shorts were added by FII. Net FII Long to Short ratio at 0.77, so FII used this fall to enter longs and enter shorts.

  • Total Future & Option trading volume at 28.81 Lakh cores, with total contracts traded at 1.38 lakh, PCR @0.74
  • Nifty Oct Future Open Interest Volume is at 1.43 cores with a liquidation of 1.9 Lakh and with an increase in the cost of carry suggesting short positions were closed today, NF Rollover cost is @11608 and closed above it. 
  • 11700 CE is having a Highest OI at 29 Lakh, resistance at 11700, followed by 11800. 11200-11700 CE added 17 Lakh in OI, so bears added positions in the range of 11700-11600.
  • 11500 PE OI is @22.5 Lakhs and having the highest OI strong support at 11500 followed by 11400. 11000-11700 PE added 6.2 Lakh in OI so bulls added positions in the range of 11400-11500.
  • FII’s sold 72 cores and DII’s sold 738 cores in cash segment. INR closed at 71.02

Buy Above 11600 Tgt 11625,11650 and 11676 (Nifty Spot Levels)

Sell Below 11570 Tgt 11550,11530 and 11500 (Nifty Spot Levels)