- FII’s bought 10.1 K contract of Index Future worth 553 cores ,2.7 K Long contract were added by FII’s and 7.3 K short contracts were liquidated by FII’s. Net Open Interest decreased by 4.6 K contract, so fall in Nifty market was used by FII’s to enter long and exit shorts in Index futures. How Long Does it Take to Consistent Income from Trading?
- Nifty finally has a correction of more than 100 points, its a slow and steady fall we are seeing from past 2 session, as Nifty was unable to move above the gann trendline as shown in below chart, Bulls need close above 7554 for a move towards 7634. Bears below 7400 for move towards 7350/7228 else it will be sideways move in small range. Bank Nifty forms Inside Day pattern,EOD Analysis
- Nifty March Future Open Interest Volume is at 2.15 core with liquidation of 1.6 Lakh with increase in cost of carry suggesting short position were closed today, NF closed above Rollover cost @7147. Nifty rallied 300 points above Rollover cost
- Total Future & Option trading volume was at 1.89 Lakh core with total contract traded at 1.5 lakh , PCR @1, .How To Identify Market Tops and Bottom
- 7500 CE is having Highest OI at 70.9 lakh, resistance at 7500 .7000/7500 CE added 4.5 lakh so bears again added in 7400/7500 CE .FII bought 6 K CE longs and 5.4 K CE were shorted by them .Retail bought 23.8 K CE contracts and 10.7 K CE were shorted by them.
- 7200 PE OI@64.2 lakhs having the highest OI strong support at 7200 base becoming strong. 7200-7600 PE liquidated 2.3 Lakh in OI .FII bought 8 K PE longs and 6.7 K shorted PE were covered by them .Retail sold 9.1 K PE contracts and 11 K PE were shorted by them.
- FII’s sold 54 cores in Equity and DII’s sold 302 cores in cash segment.INR closed at 67.38
- Nifty Futures Trend Deciding level is 7502 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 7341 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 7490 Tgt 7520,7554 and 7578 (Nifty Spot Levels)
Sell below 7450 Tgt 7430,7400 and 7370 (Nifty Spot Levels)
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