- FII’s bought 6.1 K contract of Index Future worth 504 cores 8.3 K Long contract were added by FII’s and 2.2 K Short contracts were added by FII’s. Net Open Interest increased by 10.5 K contract, so fall in Nifty was used by FII’s to enter long and enter short in Index futures.FII’s Long to Short Ratio at 2.12. Strong Emotions in Trading
- As Discussed in Last Analysis Long above 10632 for a move back to 10666/10740. Bearish below 10565 for a move towards 10512/10470. High made was 11738 so bulls did target above 11632. Till 11740 is not crossed no longs should be taken. Long above 11740 for a move back to 11800/11866. Bearish below 11640 for a move towards 11570/11512. Bank Nifty fall from gann angle resistance zone
- Important intraday time for reversal can be at 10:18/12:18/1:52 How to Find and Trade Intraday Reversal Times
- Nifty April Future Open Interest Volume is at 1.59 core with liquidation of 4.5 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @11537.
- Total Future & Option trading volume at 6.43 Lakh core with total contract traded at 1.23 lakh , PCR @0.99
- 11800 CE is having Highest OI at 14.3 Lakh, resistance at 11700 followed by 11800 .11000-11800 CE liquidated 3.8 Lakh in OI so bears covered position in range of 11600-11800. FII bought 10.6 K CE and 5.2 K CE were shorted by them. Retail bought 83.6 K CE and 62.3 K CE were shorted by them
- 11500 PE OI@17.7 Lakhs having the highest OI strong support at 11400 followed by 11300 . 11000-11600 PE added 0.48 Lakh in OI so bulls added position in range 11300-11400 PE.FII bought 13.5 K PE and 973 PE were shorted by them. Retail bought 48.1 K PE and 59.5 K PE were shorted by them.
- FII’s bought 898 cores and DII’s sold 1032 cores in cash segment.INR closed at 69.11 USD/INR Technical Analysis
- Nifty Futures Trend Deciding level is 11769 For Intraday Traders). NF Trend Changer Level (Positional Traders) 11687 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 11685 Tgt 11700,11721 and 11740 (Nifty Spot Levels)
Sell below 11640 Tgt 11610,11590 and 11570 (Nifty Spot Levels)
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