Nifty Preparing Itself For Big Move

  • FII’s bought 3.8 K contract of Index Future worth 251 cores 3.7 K Long contract were added by FII’s and 7.5 K  Short contracts were added by FII’s. Net Open Interest increased  by 11.3 K contract, so rise in Nifty was used by FII’s to enter long and enter short in  Index futures. FII’s Long to Short Ratio at 1.09. Emotions and Intraday Trading
  • As Discussed in Last Analysis   Now Bulls need to continue holding 11000 for up move to continue towards 11111/11177/11230.Bears will get active below 10970 for a move back to 10890/10830/10777. We have Important Astro date on 08 Mar and 09 Mar is Gann 10 Year Cycle,so expect good move in next 2 trading sessions. Another days Bulls kept of holding 11000 We have Important Astro date on 08 Mar and 09 Mar is Gann 10 Year Cycle so expect good move in next 2 trading sessions.Now Bulls need to continue holding 11000 for up move to continue towards 11111/11177/11230.Bears will get active below 10970 for a move back to 10890/10830/10777.

  • Nifty March Future Open Interest Volume is at 1.45 core with addition of 0.18 Lakh with  increase in  cost of carry suggesting long position were added today, NF Rollover cost @10868 closed above it,rallied 250 points
  • 11200 CE  is having Highest OI  at 17.9 Lakh, resistance at 11200 followed by 11100 .10400-11200 CE added 3.7 Lakh in OI so bears  added position in range of 11100-11200. FII bought 22.6  K CE and 7.2 K CE were shorted by them. Retail bought 55 K CE and 41.9 K CE were shorted by them.
  • 11000 PE OI@ 33.7 Lakhs having the highest OI strong support at 11000 followed by 10900 . 10500-11000 PE liquidated 3.7 Lakh in OI so bulls covered position in range 10800-10900 PE.FII bought 9.7 K PE and 10.9 K PE were shorted by them. Retail bought 109 K PE and 99.6 K PE were shorted  by them.
  • Total Future & Option trading volume at 5.39  Lakh core with total contract traded at 0.99 lakh , PCR @0.86

Buy above 11050 Tgt 11070,11090 and 11118 (Nifty Spot Levels)

Sell below 10998 Tgt 10980,10955 and 10920 (Nifty Spot Levels)