- FII’s sold 7.2 K contract of Index Future worth 439 cores ,10.9 K Long contract were liquidated by FII’s and 3.6 K short contracts were liquidated by FII’s. Net Open Interest decreased by 14.5 K contract, so fall in market was used by FII’s to exit long and exit shorts in Index futures.The Greatest Trades of All Time
- As discussed in Yesterday Analysis Now bulls need to close above 8210 for this upmove to continue as its near the falling horizontal gann line. Failing to close above 8210 can again see downmove towards 8120/8029 High made today was 8180 and low made was 8074 so we did not break 8210and did the target of 8120, Now if we break 8070 we can see fast move towards 8029/7980 . Bullish only on close above 8210 Will Bank Nifty Bulls be able to hold 17666,EOD Analysis
- Nifty June Future Open Interest Volume is at 1.70 core with liquidation of 15.1 Lakh with increase in cost of carry suggesting long position were closed today, NF Rollover cost @7961 closed above it
- Total Future & Option trading volume was at 4 Lakh core with total contract traded at 2.36lakh , PCR @0.89, Trader’s Resolutions for the New Financial Year 2016-17
- 8300 CE is having Highest OI at 61.2 lakh, resistance at 8300 .8300/8600 CE added 6.1 lakh so bears forming resistance at higher levels 8300-8400 zone .FII sold 17.3 K CE longs and 19.1 K CE were shorted by them .Retail bought 11.6 K CE contracts and 21.9 K shorted CE were covered by them.
- 8000 PE OI@74.7 lakhs having the highest OI strong support at 8000. 8000-8600 PE liquidated 20.3 Lakh in OI so bears back with bang still strong base near 8000 zone .FII bought 15.2 K PE longs and 3.9 K shorted PE were covered by them .Retail sold 91.9 K PE contracts and 49.3 K shorted PE were covered by them.
- FII’s sold 156 cores in Equity and DII’s sold 163 cores in cash segment.INR closed at 67.27
- Nifty Futures Trend Deciding level is 8132 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8187 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 8135 Tgt 8165,8180 and 8210 (Nifty Spot Levels)
Sell below 8120 Tgt 8080,8050 and 8025 (Nifty Spot Levels)
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