- FII’s bought 6.6 K contract of Index Future worth 437 cores ,6.2 K Long contract were added by FII’s and 0.03 K short contracts were liquidated by FII’s. Net Open Interest increased by 5.8 K contract, so today’s fall in market was used by FII’s to enter long and exit shorts in Index futures.Four Multi-Millionaire Traders Share Their Thoughts On Trading
- As discussed Bulls need to close above 7858 for next move towards 7979 else market can come down to retest 7767 where price action needs to be seen . Weekly Closing below 7767 will not go down well with bulls and more time we stay below 7767 more is the probability of market revisiting 7539 and breaking below it. Bank Nifty reacts from gann resistance,EOD Analysis
- Nifty December Future Open Interest Volume is at 1.86 core with liquidation of 4.2 Lakh with increase in CoC suggesting short position were closed today. Nifty closing below rollover cost 7896.
- Total Future & Option trading volume was at 2.21 Lakh core with total contract traded at 1.4 lakh , PCR @0.88.VIX fall after the FED Event is over so OTM Option Buyers saw premium crashing.
- 8000 CE OI at 83.7 lakh , wall of resistance @ 8000 .7600/8000 CE added 15.4 lakh in OI as bears added aggressively in 7800/8000 CE.FII sold 22 K CE longs and 24 K shorted CE were covered by them .Retail bought 53.2 K CE contracts and 19 CE were shorted by them.Retailer now having bullish bias in the event and market corrected.
- 7500 PE OI@54 lakhs strong base @ 7500. 7600/8000 PE liquidated 9.5 lakh so bulls ran for cover as nifty unable to coss above the supply zone of 7860.FII sold 7 K PE longs and 5.4 K shorted PE were covered by them .Retail sold 10.5 K PE contracts and 19.4 K PE were shorted by them.
- FII’s sold 7 cores in Equity and DII’s sold 405 cores in cash segment.INR closed at 66.4
- Nifty Futures Trend Deciding level is 7814 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 7814 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Traders following TC levels have been handsomely rewarded.
Buy above 7785 Tgt 7815,7840 and 7866 (Nifty Spot Levels)
Sell below 7730 Tgt 7701,7660 and 7625 (Nifty Spot Levels)
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