- FII’s sold 1.6 K contract of Index Future worth 90 cores ,2.9 K Long contract were added by FII’s and 4.6 K Short contracts were added by FII’s. Net Open Interest increased by 7.5 K contract, so fall in market was used by FII’s to enter long and enter short in Index futures. FII’s Long to Short Ratio decreased to 2.9. What Stock Trader can Learn from Doctor
- As discussed in last analysis Bulls need close above gann angle for a fast move towards 9720 and close above 9720 will be very bullish in short term, Bearish below 9610 for a move towards 9566/9520. Low made today was 9608 so even though bulls were not able to break the gann angle but they held on to support of 9610 in today’s fall and closed at 9633, Now bulls need a close above 9650 for a quick move towards 9720/9770. Bearish below 9610 for a move towards 9565/9520. Bank Nifty again held to its Gann Angle,EOD Analysis
- Nifty June Future Open Interest Volume is at 2.09 core with liquidation of 0.76 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @9435 Closed above it.
- Total Future & Option trading volume at 5.03 Lakh core with total contract traded at .76 lakh , PCR @0.87
- 9700 CE is having Highest OI at 67.2 lakh, resistance at 9700 followed by 9800 .9300-9800 CE added 3.5 Lakh in OI so bears added some position in 9600-9800 CE . FII sold 6.1 K CE longs and 1.5 K shorted CE were covered by them.Retail bought 42 K CE contracts and 32 K CE were shorted by them.
- 9600 PE OI@65.3 lakhs having the highest OI strong support at 9600 followed by 9500. 9300-9800 PE added 9.4 Lakh in OI so bulls added position in 9300-9400 PE . FII bought 22.6 K PE and 2.7 K PE were shorted by them. Retail bought 22.3 K PE contracts and 36.8 K PE were shorted by them.
- FII’s sold 152 cores in Equity and DII’s sold 41 cores in cash segment.INR closed at 64.51
- Nifty Futures Trend Deciding level is 9643 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 9626. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 9660 Tgt 9680,9700 and 9720 (Nifty Spot Levels)
Sell below 9628 Tgt 9603,9585 and 9550(Nifty Spot Levels)
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