- FII’s bought 5.8 K contract of Index Future worth 572 cores 274 Long contract were covered by FII’s and 6.1 K Short contracts were covered by FII’s. Net Open Interest decreased by 6.4 K contract, so rise in Nifty was used by FII’s to exit long and exit short in Index futures.FII’s Long to Short Ratio at 0.94 How Comfortable you are with your trading ?
- As Discussed in Last Analysis Nifty bulls again got whipsawed but held on to gann angle. We have important time cycle date tomorrow and Weekly Expiry.Bulls will become active above 11520 for a move towards 11568/11610/11666. Bears will become active below 11460 for a move back to 11410/11350. Low made was 11519 and once above 11520 we did our2 target of 11568 and 11600. Till we are holding 11520 we can rally towards 11666/11720. Big Resistance in zone of 11730-11743. Bears will become active below 11512 for a move back to 11461//11410. As per time cycle break of today high and low can easily give 75-100 points.
- Important intraday time for reversal can be at 10:14/12:03/1:38/2:08 How to Find and Trade Intraday Reversal Times
- Nifty July Future Open Interest Volume is at 1.75 core with liquidation of 10 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @11841 closed below it.
- Total Future & Option trading volume at 19.43 Lakh core with total contract traded at 1.03 lakh , PCR @0.95
- 12000 CE is having Highest OI at 32.3 Lakh, resistance at 11800 followed by 12000 .11500-12000 CE liquidated 4.3 Lakh in OI so bears covered position in range of 11800-12000.
- 11500 PE OI@17.1 Lakhs having the highest OI strong support at 11500 followed by 11400 . 11000-11700 PE liquidated 2.2Lakh in OI so bulls covered position in range 11500-11600.
- FII’s sold 316 cores and DII’s bought 719 cores in cash segment.INR closed at 68.43 Dollar to Rupee Forecast Lok Sabha Election Week
- Nifty Futures Trend Deciding level is 11570 For Intraday Traders). NF Trend Changer Level (Positional Traders) 11788 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 11600 Tgt 11622,11649 and 11676 (Nifty Spot Levels)
Sell below 11565 Tgt 11541,11515 and 11485 (Nifty Spot Levels)
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