- FII’s bought 5.1 K contract of Index Future worth 344 cores ,6.5 K Long contract were added by FII’s and 1.3 K Short contracts were added by FII’s. Net Open Interest increased by 7.9 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 at 5.9 The importance of doing “No Trade”
- As discussed in last analysis Nifty moved above 9637 but failed to move towards 9669 but closed was again 9610 suggesting balls is in bull court, but facing lot of resistance at gann angle, Bigger the size of index becomes the more time and energy it takes to move it. 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. Bank Nifty continue to flirt with Gann Angle,EOD Analysis
- Nifty June Future Open Interest Volume is at 2.21 core with addition of 3.2 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @9435 Closed above it.
- Total Future & Option trading volume at 8.2 Lakh core with total contract traded at 0.70 lakh , PCR @0.87
- 9700 CE is having Highest OI at 45.6 lakh, resistance at 9650 followed by 9700 .9200-9700 CE added 4.6 K Lakh in OI so bears added position in 9600-9700 CE. FII sold 1.2 K CE longs and 754 shorted CE were covered by them.Retail sold 72 K CE contracts and 15.5 K shorted CE were covered by them.
- 9400 PE OI@58.8 lakhs having the highest OI strong support at 9500 followed by 9400. 9300-9700 PE added 9.2 Lakh in OI so bulls added aggressively in 9300-9400 PE . FII bought 8.5 K PE and 7.4 K PE were shorted by them. Retail sold 125 K PE contracts and 88.8 K shorted PE were covered by them.
- FII’s sold 517 cores in Equity and DII’s bought 171 cores in cash segment.INR closed at 64.44
- Nifty Futures Trend Deciding level is 9624 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 9574. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 9620 Tgt 9637,9658 and 9681 (Nifty Spot Levels)
Sell below 9590 Tgt 9568,9547 and 9520(Nifty Spot Levels)
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