- FII’s sold 17.2 K contract of Index Future worth 1479 cores 4.5 K Long contract were covered by FII’s and 12.6 K Short contracts were added by FII’s. Net Open Interest increased by 8.1 K contract, so rise in Nifty was used by FII’s to exit long and enter short in Index futures.FII’s Long to Short Ratio at 2.36. Build Good Trading Habits
- As Discussed in Last Analysis Now Nifty bulls should hold 11740 for this up move to continue towards 11800/11856. Bears need to move below 11721 for a move back to 11666/11610. 29 April is important astro date so effect will be seen on 30. 11666 done below 11721. Now Bulls will get active above 11797 for move back to 11856/11912. Bears need to move below 11721 for a move back to 11666/11610,Good Move should be seen in next 2 days based on Astro Dates.Bank Nifty ready for Big Move
- Important intraday time for reversal can be at 9:31/10:23/11:52/2:18 How to Find and Trade Intraday Reversal Times
- Nifty May Future Open Interest Volume is at 1.91 core with liquidation of 3.9 Lakh with decrease in cost of carry suggesting Long position were closed today, NF Rollover cost @11742,closed above it.
- Total Future & Option trading volume at 11.84 Lakh core with total contract traded at 1.06 lakh , PCR @0.84
- 12000 CE is having Highest OI at 11.9 Lakh, resistance at 11850 followed by 12000 .11000-11800 CE added0.79 Lakh in OI so bears added position in range of 11800-12000. FII bought 7.8 K CE and 8.7 K CE were shorted by them. Retail bought 167 K CE and 97.2 K CE were shorted by them.
- 11500 PE OI@17.6 Lakhs having the highest OI strong support at 11500 followed by 11600 . 11000-11600 PE added 4 Lakh in OI so bulls added position in range 11500-11600 .FII bought 20.5 K PE and 739 PE were shorted by them. Retail bought 8.3 K PE and 28.4K PE were shorted by them.
- FII’s bought 114 cores and DII’s bought 730 cores in cash segment.INR closed at 69.57Dollar to Rupee Weekly Analysis
- Nifty Futures Trend Deciding level is 11757 For Intraday Traders). NF Trend Changer Level (Positional Traders) 11781 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 11766 Tgt 11780,11806 and 11834 (Nifty Spot Levels)
Sell below 11721 Tgt 11700,11666 and 11640 (Nifty Spot Levels)
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