- FII’s bought 18 K contract of Index Future worth 1148 cores ,17.2 K Long contract were added by FII’s and 737 short contracts were liquidated by FII’s. Net Open Interest increased by 16.5 K contract, so rise in market was used by FII’s to enter long and exit shorts in Index futures. What It Takes to Trade for a Living
- As discussed in Yesterday Analysis Breakout only on close of 8372 for target of 8488/8548/8700. Bears will get active only on close below 8210. Nifty did 8527 today now the range of 8548-8577 is a crucial range, where bulls can book profit near gann horizontal line as shown in below chart. Bank Nifty heading in supply zone of 18768-18850,EOD Analysis
- Nifty July Future Open Interest Volume is at 2.12 core with addition of 13.1 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover is at 73% and Rollover cost @8204 closed above it
- Total Future & Option trading volume was at 2.60 Lakh core with total contract traded at 1 lakh , PCR @0.89, Trader’s Resolutions for the New Financial Year 2016-17
- 8600 CE is having Highest OI at 47.7 lakh, resistance at 8600 .8400/8700 CE added 3.5 lakh so bears forming resistance at higher levels 8550-8600 zone .FII bought 13.2 K CE longs and 1 K shorted CE were covered by them .Retail bought 7.1 K CE contracts and 24.6 K shorted CE were covered by them.
- 8400 PE OI@49.7 lakhs having the highest OI strong support at 8400. 8200-8600 PE added 29.3 Lakh in OI so bulls making strong base near 8300-8400 zone .FII bought 3.5 K PE longs and 3.2 K PE were shorted by them .Retail bought 7.5 K PE contracts and 41.5 K PE were shorted by them.
- FII’s bought 213 cores in Equity and DII’s bought 119 cores in cash segment.INR closed at 67.18
- Nifty Futures Trend Deciding level is 8512 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8386 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 8540 Tgt 8556,8586 and 8620 (Nifty Spot Levels)
Sell below 8505 Tgt 8490,8462 and 8445 (Nifty Spot Levels)
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