- FII’s sold 25.2 K contract of Index Future worth 403 cores ,10.9 K Long contract were liquidated by FII’s and 14.2 K short contracts were added by FII’s. Net Open Interest increased by 3.2 K contract, so today’s rise in market was used by FII’s to exit long and enter fresh shorts in Index futures To be Champion Trader Think Like them
- Nifty finally closed above the gann line of resistance but struggling to cross the green arc at 8280 and above that the horizontal line at 8313/8321 range, The current rally from the low of 7539 is the biggest rally in percentage term as Nifty is up almost 9% or 744 points from low. 8313 is important zone of resistance and bulls should use this to lighten up, Support at 8220/8204 range .Bank Nifty retest breakout level,EOD Analysis
- Nifty October Future Open Interest Volume is at 1.99 core with liquidation of 3.9 Lakh with decrease in CoC suggesting long position were closed today. Rollover cost @7940 for October series, Once NF closed above it 360 points rally done
- Total Future & Option trading volume was at 1.67 Lakh core with total contract traded at 3 lakh . PCR @1.08, bulls gets overconfident. Live SGX Nifty chart from 6:30-11:30 http://sgxrtchart.blogspot.in/
- 8300 CE OI at 57.8 lakh , wall of resistance @ 8300 .7700/8200 CE liquidated 1.4 lakh in OI so bears used the rise to cover their position. FII bought 23.7 K CE longs and 9.7 K CE were shorted by them.Retail bought 1.2 K CE contracts and 30.3 K CE shorted were covered by them.
- 8000 PE OI@ 57.3 lakhs strong base @ 8000. 7900/8400 PE added 9.8 lakh so bulls added position but aggressively ,added 20 lakh in past 2 trading session. FII bought 13.4 K PE longs and 4.7 K PE were shorted by them .Retail bought 65.8 K PE contracts and 9.1 K PE were shorted by them.
- FII’s bought 898 cores in Equity and DII’s sold 246 cores in cash segment.INR closed at 64.8.
- Nifty Futures Trend Deciding level is 8261 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8088 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 8294 Tgt 8309,8333 and 8359 (Nifty Spot Levels)
Sell below 8245 Tgt 8222,8204 and 8180 (Nifty Spot Levels)