- FII’s sold 10.5 K contract of Index Future worth 120 cores ,16 K Long contract were added by FII’s and 26.6 K short contracts were added by FII’s. Net Open Interest increased by 42.7 K contract, so todays small rise was used by FII’s to add both shorts and long in index futures. The Trader’s Mindset Leap from unprofitable to Profitable trader
- Nifty after 8 months gave a weekly close below 8000 but bounced from the demand zone of 795-7930 and close above 7962.Bank Nifty has formed DOJI on weekly charts near important support, suggesting Bank Nifty has formed short term bottom. Also from 15 June we are entering new time cycle which should be bullish. Nifty again try to close above the Gunner gann line, if we see follow up move on Monday we can see fast and furious up move on next 2 days. Also Nifty has completed 2 crucial harmonic pattern ABCD and BAT pattern both are bullish if 7930 is held.
- Nifty June Future Open Interest Volume is at 1.66 core with addition of 0.66 Lakh, with increase in CoC suggesting longs have entered in system
- Total Future & Option trading volume was at 1.96 core with total contract traded at 4.6 lakh. PCR @0.73 again reached the oversold zone.
- 8500 CE OI at 52.3 lakh , wall of resistance @ 8500 .8000/8400 CE added 5.3 lakh ,so bears added today in small quantity still holding 1.16 core in open position. FII bought 23.5 K CE longs and 18 K CE were shorted by them.Retail bought 0.20 lakh CE contracts.
- 7900 PE OI@ 50 lakhs so strong base @ 7900. 8100/8500 PE liquidated 6.6 lakh so bulls surrender completely . FII bought 19 K PE longs and 2.8 K PE were shorted by them.Retail bought 0.56 lakh PE contracts.
- FII’s sold 670 cores in Equity and DII’s bought 705 cores in cash segment.INR closed at 64.06.
- Nifty Futures Trend Deciding level is 7964 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8175 and BNF Trend Deciding Level 17338 (For Intraday Traders) BNF Trend Changer Level (Positional Traders) 17886 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 8000 Tgt 8028,8060 and 8100 (Nifty Spot Levels)
Sell below 7950 Tgt 7918,7895 and 7856 (Nifty Spot Levels)