Nifty Ready for a Big Move

By | June 13, 2019

  • FII’s sold 1 K contract of Index Future worth 172 cores 3.7 K Long contract were liquidated by FII’s and 2.6 K Short contracts were liquidated by FII’s. Net Open Interest decreased  by 6.4 K contract, so fall in Nifty was used by FII’s to exit long and exit short in  Index futures.FII’s Long to Short Ratio at 1.40 How Comfortable you are with your trading ?
  • As Discussed in Last Analysis Bulls will now get active above 11975 for a move back to 12041/12096. Bears will get active below 11877 for a move back to 11823/11769.
  • As Today was an important time cycle date and we are seeing range contraction in index we are bound to see a good move in Nifty. Bulls will now get active above 11933 for a move back to 11975/12041. Bears will get active below 11860 for a move back to 11823/11769. THE MOST NEGLECTED TRADING DISCIPLINE

  • Nifty June Future Open Interest Volume is at 1.84 core with liquidation of 6.6 Lakh with  increase in  cost of carry suggesting long position were closed today, NF Rollover cost @11954 closed above it.
  • Total Future & Option trading volume at 11.29 Lakh core with total contract traded at 1.05 lakh , PCR @0.89
  • 12000 CE  is having Highest OI  at 19.1 Lakh, resistance at 12000 followed by 12100 .11000-11800 CE added 0.75 Lakh in OI so bears added position in range of 11900-12000. FII sold 5.5 K CE Long and 4.4 K CE were shorted by them.Retailers bought 159 K CE Long and 82 K CE were shorted by them.
  • 11800 PE OI@19.2 Lakhs having the highest OI strong support at 11800 followed by 11700 . 11000-11700 PE added 3.2 Lakh in OI so bulls added position in range 11700-11800.FII bought 15.7 K PE Long and 7.5 K PE were shorted by them.Retailers sold 34.8 K PE Long and 3.7 K PE were shorted by them.

Buy above 11932 Tgt 11959,11987 and 12014 (Nifty Spot Levels)

Sell below 11900 Tgt 11877,11843 and 11821 (Nifty Spot Levels)

Upper End of Expiry : 11994

Lower End of Expiry : 11818

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