Nifty continue to hold time cycle low

By | April 11, 2019

  • FII’s bought 1 K contract of Index Future worth 28 cores 4.4 K Long contract were covered by FII’s and 5.4 K Short contracts were covered by FII’s. Net Open Interest decreased  by 9.9 K contract, so rise in Nifty was used by FII’s to exit long and exit short in  Index futures.FII’s Long to Short Ratio at 1.79. Trading Psychology: Cutting Winning Trades Short
  • As Discussed in Last Analysis Now Bulls need to move above 11621 for a move back to 11666/11710.Bears will get active below 11549 for a move towards 11494/11441. Rangebound day did not trigger both buy and sell levels. Bulls need to move above 11621 for a move back to 11666/11710.Bears will get active below 11549 for a move towards 11494/11441
  • Important intraday time for reversal can be at 9:46/11:40/1:14 How to Find and Trade Intraday Reversal Times

  • Nifty April Future Open Interest Volume is at 1.53 core with liquidation  of 3.5 Lakh with  increase in  cost of carry suggesting long position were added today, NF Rollover cost @11537.
  • Total Future & Option trading volume at 19.94 Lakh core with total contract traded at 0.85 lakh , PCR @0.69
  • 11800 CE  is having Highest OI  at 23.5 Lakh, resistance at 11800  followed by 11900 .11000-11800 CE added 2.4 Lakh in OI so bears added position in range of 11600-11800. FII sold 27.3 K CE and 23.8 K shorted CE were covered by them. Retail sold 326 K CE and 206 K shorted CE were covered by them
  • 11500 PE OI@26.5 Lakhs having the highest OI strong support at 11500 followed by 11400 . 11000-11600 PE added 9.7 Lakh in OI so bulls added position in range 11300-11400 PE.FII sold 20.5 K PE and 26.8 K shorted PE were covered by them. Retail sold 136 K PE and 115  K shorted PE were covered by them

Buy above 11610  Tgt 11635,11666 and 11699 (Nifty Spot Levels)

Sell below 11570 Tgt 11550,11525 and 11500 (Nifty Spot Levels)

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