- FII’s sold 8.6 K contract of Index Future worth 1 K cores 6.6 K Long contract were added by FII’s and 2 K Short contracts were added by FII’s. Net Open Interest decreased by 4.5 K contract, so fall in Nifty was used by FII’s to enter long and exit short in Index futures.FII’s Long to Short Ratio at 1.01.
- As Discussed in Last Analysis Tomorrow is important astro date. Bears will become active below 11570 for a move back to 11512/11460. Bulls will become active above 11625 for a move back to 11666/11731. All Bearish target done,Now bulls need to hold 11340-11370 range for the correction to come to an halt and continue up move towards 11478/11530/11570. Bears will get active below 11318 for a move back to 11265/11212.
- Important intraday time for reversal can be at 9:32/10:19/11:10/12:34/1:41/2:25 How to Find and Trade Intraday Reversal Times
- Nifty July Future Open Interest Volume is at 1.51 core with liquidation of 4.8 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @11841 closed below it.
- Total Future & Option trading volume at 11.25 Lakh core with total contract traded at 1.60 lakh , PCR @0.94
- 11700 CE is having Highest OI at 34.4 Lakh, resistance at 11700 followed by 11800 .11500-12000 CE added 77 Lakh in OI so bears added position in range of 11600-11800.FII sold 2.8 K CE and 21.9K CE were shorted by them. Retail bought 255 K CE and 161 K CE were shorted by them.
- 11300 PE OI@30 Lakhs having the highest OI strong support at 11300 followed by 11400 . 11000-11700 PE added 11.2 Lakh in OI so bulls added position in range 11300-11400.FII bought 21.2 K PE and 9.3 K PE were shorted by them. Retail bought 38.7 K PE and 55 K PE were shorted by them.
- FII’s sold 950 cores and DII’s bought 733 ores in cash segment.INR closed at 68.95 Dollar to Rupee Forecast Lok Sabha Election Week
- Nifty Futures Trend Deciding level is 11488 For Intraday Traders). NF Trend Changer Level (Positional Traders) 11720 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 11425 Tgt 11452,11478 and 11500 (Nifty Spot Levels)
Sell below 11371 Tgt 11340,11318 and 11289 (Nifty Spot Levels)
Follow on Twitter:https://twitter.com/brahmesh
Follow on Facebook https://www.facebook.com/Brameshs-Tech-14011718268586
Youtube Channel: https://www.youtube.com/channel/UCxTIpotKybyOQIDsS3eEqhQ