- FII’s bought 3.9 K contract of Index Future worth 291 cores , 11.4 K Long contract were added by FII’s and 7.4 K short contracts were added by FII’s. Net Open Interest increased by 18.9 K contract, so fall in market was used by FII’s to enter long and enter short in Index futures. How Ordinary People Became Millionaire Traders
- As discussed in last analysis Nifty formed an NR7 pattern today and continue to trade near the gann angles. Accept a good move in next 2 trading sessions, Breakout above 8995 for a move towards 9080. Breakdown below 8850 for a move towards 8780/8700. Nifty gave a good move today and today low is near the gann angle as shown in below chart. So Shorts can be taken below 8890 for a move towards 8850/8800/8757. Bullish above 8995 for a move towards 9033/9080 Exit Poll results will be coming out tomorrow 5:30 PM Bank Nifty Technical Structure before Exit Poll Results
- Nifty March Future Open Interest Volume is at 2.21 core with addition of 3.1 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @8925 closed above it.
- Total Future & Option trading volume at 4.67 Lakh core with total contract traded at 1.18 lakh , PCR @0.82
- 9000 CE is having Highest OI at 51.8 lakh, resistance at 9000 followed by 8900 .8500-9000 CE liquidated 1.5 Lakh in OI so bears covered in 9000 CE .FII bought 1.8 K CE longs and 11.1 K CE were shorted by them .Retail bought 52 K CE contracts and 23.9 K CE were shorted by them.
- 8800 PE OI@41.6 lakhs having the highest OI strong support at 8800 followed by 8700. 8500-9000 PE added 5.1 Lakh in OI so bulls added in 8900/9000 PE. FII bought 23.4 K PE and 7.2 K PE were shorted by them .Retail bought 14.8 K PE contracts and 24.4 K PE were shorted by them.
- FII’s bought 3573 cores in Equity and DII’s sold 1735 cores in cash segment.INR closed at 66.70
- Nifty Futures Trend Deciding level is 8942 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8948. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 8930 Tgt 8955,8988 and 9021 (Nifty Spot Levels)
Sell below 8910 Tgt 8891,8860 and 8830 (Nifty Spot Levels)
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