- FII’s sold 2.8 K contract of Index Future worth 210 cores ,1.6 K Long contract were liquidated by FII’s and 1.1 K Short contracts were added by FII’s. Net Open Interest decreased by 541 contract, so rise in market was used by FII’s to exit long and enter short in Index futures. FII’s Long to Short Ratio at 5.7 Because I was told I CAN
- As discussed in last analysis Till we are above 9610 we can move towards 9669/9700/9767. Bearish below 9570 for a move towards 9500. Prices cannot stay near gann angles for so long so brace for a trending move. Nifty closed above 9610 on Friday and we finally had a gap up opening which did the first target of 9669 now as long as bulls held on to 9610 we can march for higher target of 9700/9779. Bearish below 9580 for a move towards 9520/9470. Bank Nifty Bulls continue to hold to 23300,EOD Analysis
- Nifty June Future Open Interest Volume is at 2.21 core with liquidation of 0.45 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @9435 Closed above it.
- Total Future & Option trading volume at 2.46 Lakh core with total contract traded at 0.74 lakh , PCR @0.87
- 9700 CE is having Highest OI at 49.2 lakh, resistance at 9650 followed by 9700 .9300-9800 CE added 4.4 Lakh in OI so bears added position in 9700-9800 CE. FII bought 6.4 K CE longs and 1.3 K shorted CE were covered by them.Retail bought 24.7 K CE contracts and 33.3 K CE were shorted by them.
- 9400 PE OI@60 lakhs having the highest OI strong support at 9500 followed by 9400. 9300-9800 PE added 12.4 Lakh in OI so bulls added aggressively in 9300-9400 PE . FII bought 4 K PE and 2.9 K PE were shorted by them. Retail bought 35.3 K PE contracts and 28.2 K PE were shorted by them.
- FII’s sold 59 cores in Equity and DII’s bought 222 cores in cash segment.INR closed at 64.44
- Nifty Futures Trend Deciding level is 9658 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 9586. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 9674 Tgt 9695,9715 and 9740 (Nifty Spot Levels)
Sell below 9635 Tgt 9615,9600 and 9570(Nifty Spot Levels)
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