Nifty Bears corrects 120 points from 11617,EOD Analysis

FII’s sold 4.2 K contract of Index Future worth 335 cores ,3.1 K Long contract were added by FII’s and 7.3 K Short contracts were added by FII’s. Net Open Interest increased by 10.5 K contract, so fall in market was used by FII’s to enter long and enter short in Index futures. FII’s Long to Short Ratio at 1.34.Honored to be part Online Trading Summit

As Discussed in Last Analysis Finally we got the big move we were expecting as per time cycle, Now Bears need to hold 11617 continue the down move towards 11545/11470. Bullish above 11664 for a move back to 11740. Low made was 11496 so bears got 120 points from the level of 11617,Now Bears need to break 11481 for the downmove to continue towards 11441/11400/11336. Bullish only above 11551 for a move back to 11623/11664. Important intraday time for reversal can be at 10:40/1:19.Bank Nifty corrects 766 points with break of time cycle low,EOD Analysis

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Nifty Sep Future Open Interest Volume is at 2.54 core with addition of 0.74 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @11747 and Rollover %@ 67

11800 CE is having Highest OI at 41.6 Lakh, resistance at 11750 followed by 11800 .11500-11800 CE added 17.2 lakh in OI so bears added position in range of 11650-11800 CE. FII sold 6.3 K CE and 15.2 K CE were shorted by them. Retail bought 119 K CE and 48.3 K CE were shorted by them.

11500 PE OI@36.7 akhs having the highest OI strong support at 11400 followed by 11500 . 11500-12000 PE liquidated 2.5 Lakh in OI so bulls covered position in range 11500-11600 PE. FII bought 28.9 K PE and 8 K PE were shorted by them. Retail bought 3.7 K PE and 31.1 K PE were shorted by them.

Total Future & Option trading volume at1 10.7 Lakh core with total contract traded at 1.37 lakh , PCR @0.91

FII’s bought 32 cores and DII’s sold 21cores in cash segment.INR closed at 71.55 USD INR does Price Time Squaring

Nifty Futures Trend Deciding level is 11600 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 11690. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy above 11540 Tgt 11555,11580 and 11610 (Nifty Spot Levels)