- FII’s sold 22.3 K contract of Index Future worth 583 cores ,2.8 K Long contract were squared off by FII’s and 19.5 K short contracts were added by FII’s. Net Open Interest increased by 16.7 K contract, so today’s fall was used by FII’s to enter shorts and exit longs in index futures . How $500 million got Wiped off in four seconds
- Pyrapoint resistance of 8636 is acting as strong resistance as nifty was unable to cross and sustain over it. Weekly closing tomorrow so bulls would like to close nifty above 8650 and bears below 8550. Nifty has been consolidating in small range with multiple tops formed in range of 8640-8654.Sustainability above 8650 is required to see continuation of this up move whereas move below pivot low of 8500 will be bearish!
- Nifty July Future Open Interest Volume is at 2.06 core with liquidation of 7.5 Lakh, with increase in CoC suggesting short positions got closed today.
- Total Future & Option trading volume was at 2.86 core with total contract traded at 4.2 lakh. PCR @1
- 8700 CE OI at 51.1 lakh , wall of resistance @ 8700 .8400/8800 CE added 3 lakh so bears added minor quantity today . FII bought 14.2 K CE longs and 56.5 K CE were shorted by them.Retail bought 122 K CE contracts.Retailers buying CE and market going down.
- 8500 PE OI@ 61.9 lakhs so strong base @ 8500. 8500/8700 PE liquidated 18.8 lakh so major liquidation seen in 8500/8600 PE as nifty was unable to show follow up move ,still holding 180 lakh suggesting bulls are still holding aggressive positions at lower levels . FII sold 23.8 K PE longs and 28.1 K PE were shorted by them.Retail sold 87 K PE contracts.
- FII’s bought 185 cores in Equity and DII’s sold 276 cores in cash segment.INR closed at 63.76
- Nifty Futures Trend Deciding level is 8622 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8474 and BNF Trend Deciding Level 18972(For Intraday Traders) BNF Trend Changer Level (Positional Traders) 18698 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 8607 Tgt 8638,8655 and 8687 (Nifty Spot Levels)
Sell below 8573 Tgt 8557,8526 and 8498 (Nifty Spot Levels)