- FII’s bought 2.4 K contract of Index Future worth 116 cores ,4.8 Long contract were liquidated by FII’s and 7.3 K short contracts were liquidated by FII’s. Net Open Interest increased by 12.1 contract, so rise in Nifty market was used by FII’s to exit long and exit shorts in Index futures.Build your Trading Confidence
- As we have been discussing Move above 7684 will see fast move towards 7730/7777. High made today was 7717 almost 7730 done, As we have last trading day of the week tomorrow close above 7740 which is an important gann number will be bullish in short term and can make sure we break the important resistance zone of 7840-7850 next week, unable to do so can see a quick move towards 7600 range. Will Bank Nifty break 16000,EOD Analysis
- Nifty April Future Open Interest Volume is at 1.48 core with liquidation of 5 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @7740, broken it.
- Total Future & Option trading volume was at 2.08 Lakh core with total contract traded at 1.52 lakh , PCR @0.92, Trader’s Resolutions for the New Financial Year 2016-17
- 8000 CE is having Highest OI at 82.3 lakh, resistance at 8000 .7500/8000 CE liquidated 0.3 lakh so bears liquidated in partial quantity till we do not close above 7777 .FII bought 20.3 K CE longs and 1 K shorted CE were covered by them .Retail sold 23.1 K CE contracts and 13.9 K CE were shorted by them.
- 7500 PE OI@49.3 lakhs having the highest OI strong support at 7500. 7000-7700 PE added 12 Lakh in OI so strong base near 7500 and bulls finally held on into .FII bought 17.9 K PE longs and 3.8 K PE were shorted by them .Retail bought 29.6 K PE contracts and 27.8 K PE were shorted by them.
- FII’s bought 307 cores in Equity and DII’s sold 61 cores in cash segment.INR closed at 66.43
- Nifty Futures Trend Deciding level is 7715 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 7680 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 7730 Tgt 7750,7777 and 7800 (Nifty Spot Levels)
Sell below 7690 Tgt 7675,7645 and 7620 (Nifty Spot Levels)
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