- FII’s sold 743 contract of Index Future worth 137 cores 2.2 K Long contract were added by FII’s and 2.9 K Short contracts were added by FII’s. Net Open Interest increased by 5.1 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 1.38. How Comfortable you are with your trading ?
- As Discussed in Last Analysis Till we are holding 11210-11220 range we can see the relief rally in nifty towards 11361/11410/11468 . Bears will get active below 11197 for a move back to 11100/11044. Nifty did bounce back from 11222 but failed to do target on upside and once 11197 was broken bears got an upper hand waiting for the downside target of 11060/11000/10927. THE MOST NEGLECTED TRADING DISCIPLINE
- Important intraday time for reversal can be at 10:06/12:37/2:35 How to Find and Trade Intraday Reversal Times
- Nifty May Future Open Interest Volume is at 1.69 core with addition of 0.34 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @11742,closed below it.
- Total Future & Option trading volume at 7.20 Lakh core with total contract traded at 1.22 lakh , PCR @0.83
- 11500 CE is having Highest OI at 15 Lakh, resistance at 11400 followed by 11500 .11000-11800 CE added 10 Lakh in OI so bears added position in range of 11300-11500. FII bought 14.2 K CE and 17.5 K CE were shorted by them. Retail bought 121 K CE and 68.5 K CE were shorted by them.
- 11000 PE OI@25.6 Lakhs having the highest OI strong support at 11100 followed by 11000 . 11000-11600 PE liquidated 5 Lakh in OI so bulls covered position in range 11200-11300 .FII sold 603 PE and 2.1 K PE were shorted by them. Retail bought 17.4 K PE and 22.5K PE were shorted by them.
- FII’s sold 1056 cores and DII’s bought 1057 cores in cash segment.INR closed at 70.53 Usd to Inr – Dollar to Rupee Forecast for Next Week
- Nifty Futures Trend Deciding level is 11255 For Intraday Traders). NF Trend Changer Level (Positional Traders) 11600 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 11166 Tgt 11188,11212 and 11240(Nifty Spot Levels)
Sell below 11082 Tgt 11060,11033 and 11000 (Nifty Spot Levels)
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