- FII’s bought 22.5 K contract of Index Future worth 1328 cores ,17.4 K Long contract were added by FII’s and 5.1 K short contracts were liquidated by FII’s. Net Open Interest increased by 12.3 K contract, so rise in Nifty market was used by FII’s to enter long and exit shorts in Index futures.Why Retail Traders lose money in Stock market
- As discussed in last analysis Now if we close above 7950/7972 range can see quick move towards 8100. Bearish only on close below 7850. High made today was 7950 exactly at gann arc, Bulls need a close above 7950/7972 range to continue the rise further else we can see a dip till 7850/7800 range. Till close is above gann number of 7850 bulls are in control Bank Nifty continue with uptrend,EOD Analysis
- Nifty April Future Open Interest Volume is at 1.63 core with addition of 5.1 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @7740, Nifty future opened above it and rallied
- Total Future & Option trading volume was at 3.11 Lakh core with total contract traded at 1.8 lakh , PCR @1, Trader’s Resolutions for the New Financial Year 2016-17
- 8000 CE is having Highest OI at 68.1 lakh, resistance at 8000 .7500/8000 CE liquidate d9 lakh so bears liquidated as we closed above 7850 .FII bought 10.5 K CE longs and 1.3 K shorted CE were covered by them .Retail bought 31.3 K CE contracts and 27.1 K CE were shorted by them.
- 7800 PE OI@56.1 lakhs having the highest OI strong support at 7800. 7500-8000 PE added 19.6 Lakh in OI so strong base near 7800 .FII sold 8.5 K PE longs and 23.3 K PE were shorted by them .Retail bought 63.1 K PE contracts and 33.8 K PE were shorted by them.
- FII’s sold 80 cores in Equity and DII’s sold 300 cores in cash segment.INR closed at 66.22
- Nifty Futures Trend Deciding level is 7927 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 7733 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 7920 Tgt 7950,7975 and 8000 (Nifty Spot Levels)
Sell below 7875 Tgt 7850,7830 and 7806 (Nifty Spot Levels)
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