- FII’s bought 7.9 K contract of Index Future worth 509 cores ,133 Long contract were liquidated by FII’s and 8 K Short contracts were liquidated by FII’s. Net Open Interest decreased by 8.1 K contract, so fall in market was used by FII’s to exit long and exit short in Index futures. Money is a Lot Like Water
- As discussed in last analysis High made today was 9498 so bulls did the 1 tgt of 9500 above 9390, till 9390 is held bulls can see move till 9500/9530/9575. Bearish below 9390 for a move towards 9320/9270. Expect a good move in next 2 days. Nifty broke 9390 made low of 9370 and closed below 9390 also below gann angle as shown in below chart, Unable to close above it we can see down move till 9320/9288. Bullish above 9410 for a move towards 9460/9530. Bank Nifty close below 22600, EOD Analysis
- Nifty May Future Open Interest Volume is at 1.53 core with liquidation of 25 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @9307 Closed above it.
- Total Future & Option trading volume at 7.9 Lakh core with total contract traded at 1.79 lakh , PCR @1.13
- 9500 CE is having Highest OI at 66.1 lakh, resistance at 9500 followed by 9400 .9200-9500 CE added 15.7 K Lakh in OI so bears added aggressively in 9400-9500 CE.FII sold 8.9 K CE longs and 9.3 K CE were shorted by them.Retail bought 34 K CE contracts and 8.4 K CE were shorted by them.
- 9300 PE OI@54.2 lakhs having the highest OI strong support at 9300 followed by 9200. 9200-9500 PE liquidated 33 Lakh in OI so bulls ran for cover in 9300-9500 PE . FII bought 35.3 K PE and 8.4 K shorted PE were covered by them. Retail sold 51.4 K PE contracts and 5.1 K PE were shorted by them.
- FII’s sold 400 cores in Equity and DII’s bought 352 cores in cash segment.INR closed at 64.88
- Nifty Futures Trend Deciding level is 9406 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 9402. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 9405 Tgt 9432,9455 and 9480 (Nifty Spot Levels)
Sell below 9368 Tgt 9350,9333 and 9310 (Nifty Spot Levels)
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