- FII’s sold 44.3 K contract of Index Future worth 924 cores,43.9 K Long contract were squared off by FII’s and 1.2 K short contracts were added by FII’s. Net Open Interest decreased by 41.8 K contract so rise was used by FII’s to square off longs in Index Future.What Kind of Trader are You ?
- Nifty after yesterday rise did not show a follow up move, consolidated in range and formed a long legged DOJI, Gunner shows we are entering a new quadrant tomorrow so impulsive move can be expected in next 2 trading session. Pyrapoint analysis also shown in below chart suggests as we are entering new quadrant so expect impulsive move. On Upside 8360/8395 is supply zone 8285/8245 is demand zone. After a 700 point decline market should form a range and consolidate before going for next trending move.
- Nifty May Future Open Interest Volume is at 1.67 core with liquidation of 15.4 lakhs with cost of carry going negative suggesting long position got closed. Huge Liquidation was seen today with OI coming well below 1.8 cores suggesting bulls are not sure of upmove and bears not taking any serious bets.
- Total Future & Option trading volume was at 1.57 core with total contract traded at 4.4 lakh. PCR @0.94.
- 8600 CE OI at 38.7 lakh , wall of resistance @ 8600 .8300/8600 CE saw addition of 9.9 lakhs ,so bears added 34 lakh in 2 trading session and no liquidation was seen in today’s rise. FII bought 41.8 K CE longs and 14.3 K CE were shorted by them.
- 8100 PE OI@ 35.7 lakhs so strong base @ 8100. 8200/8400 PE added 0.9 lakh so bulls are back but need more addition for downtrend to get over. FII bought 12.8 K PE longs and 11 K PE were shorted by them.
- FII’s sold 756 cores in Equity and DII’s bought 979 cores in cash segment.INR closed at 63.43.
- Nifty Futures Trend Deciding level is 8354(For Intraday Traders). NF Trend Changer Level (Positional Traders) 8304 and BNF Trend Deciding Level 18560 (For Intraday Traders) BNF Trend Changer Level (Positional Traders) 18531 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 8333 Tgt 8360,8395 and 8425 (Nifty Spot Levels)
Sell below 8280 Tgt 8245,8220 and 8182 (Nifty Spot Levels)