- FII’s bought 6.6 K contract of Index Future worth 156 cores ,3.6 K Long contract were added by FII’s and 3 K short contracts were squared off by FII’s. Net Open Interest increased by 584 contract. Types of Confidence in Trading Why Adani Enterprises Shares Crashed ?
- Nifty continued with correction 7 day in a row, low made 8005 and saw a small pullback in last 30 mins of trading. Nifty has corrected 462 points with, formation of lower lows and lower highs, and very near to last swing low of 7997. Nifty has been holding the gann 1×1 line also we are at crossover of grey and red line which generally give fast moves, so if 7997 is broken we can see a fast downmove till 7910 odd levels holding the same relief rally till 8200 can be seen in next few days. Time Ananlysis suggests big move is round the corner.
- Nifty June Future Open Interest Volume is at 1.63 core with addition of 1.3 Lakh, with decrease in CoC suggesting longs have been closed .
- Total Future & Option trading volume was at 1.70 core with total contract traded at 3.6 lakh. PCR @0.73 reaching oversold zone.
- 8500 CE OI at 50.8 lakh , wall of resistance @ 8500 .8100/8400 CE added 23.8 lakh ,so aggressive addition by bears and holding 100 lakh in open position. FII bought 28.4 K CE longs and 56 K CE were shorted by them.Retail traders bought 0.75 lakh CE contracts.So retailers have been buying the from 02 June the correction started.
- 8000 PE OI@ 45.6 lakhs so strong base @ 8000. 8100/8500 PE liquidated 6.6 lakh so bulls finally got the heat , Holding just 10 lakh open position. FII bought 45 K PE longs and 1 K shorted PE were covered by them.
- FII’s sold 645 cores in Equity and DII’s bought 692 cores in cash segment.INR closed at 64.08.
- Nifty Futures Trend Deciding level is 8032 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8224 and BNF Trend Deciding Level 17470 (For Intraday Traders) BNF Trend Changer Level (Positional Traders) 18019 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 8030 Tgt 8051,8080 and 8103 (Nifty Spot Levels)
Sell below 8000 Tgt 7976,7947 and 7920(Nifty Spot Levels)