- As Discussed in Last Analysis Today being an important date high and low are important as explained in video below Bulls will get active only above 10690 for a move back to 10730/10777/10821. Nifty did all target on upside and also rallied 150 points above 10690 above time cycle high. Now as tomorrow being a Budget day and lot of volatility will be seen in market so trade with extreme caution, Bulls will get active above 10843 for a move towards 10885/10931/10985/11040. Bears will get active below 10777 for a move back to 10730/10666/10610/10555.
- Important intraday time for reversal can be at 9:44/11:57/2:14/2:47. Bank Nifty Technical setup for Budget day
- Nifty Feb Future Open Interest Volume is at 1.71 core with addition of 45.7 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @10727 and Rollover %@54.
- Total Future & Option trading volume at 19.64 Lakh core with total contract traded at 1.83 lakh , PCR @0.99
- FII’s bought 3006 cores and DII’s sold 1634 cores in cash segment.INR closed at 71.11. USD INR Weekly Forecast for 21-25 Jan
- Nifty Futures Trend Deciding level is 10794 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 10794 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 10843 Tgt 10885,10931 and 10985 (Nifty Spot Levels)
Sell below 10777 Tgt 10750,10710 and 10666 (Nifty Spot Levels)
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