- As Discussed in Last Analysis As we have expiry tomorrow Bulls will rally above 10821 for a move back to 10877/10931. Bears will get active below 10720 for a move back to 10666/10610. Bears will get active below 10777 for a move back to 10720/10666.Bulls will rally above 10821 for a move back to 10865/10890/10931.
- Important intraday time for reversal can be at 11:20/2:31 Bank Nifty March Expiry Analysis
- Nifty March Future Open Interest Volume is at 1.42 core with addition of 36.3 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @10868 closed below it.
- 11000 CE is having Highest OI at 15.8 Lakh, resistance at 10900 followed by 11000 .10400-11000 CE added 9.5 lakh in OI so bears added position in range of 10800-10900.
- 10700 PE OI@ 23 Lakhs having the highest OI strong support at 10700 followed by 10650 . 10500-11000 PE added 18.2 Lakh in OI so bulls added position in range 10700-10600 PE.
- Total Future & Option trading volume at 17.30 Lakh core with total contract traded at 1.31 lakh , PCR @0.91
- FII’s bought 3210 cores and DII’s sold 5240 cores in cash segment.INR closed at 70.74 USD INR Weekly Forecast as per Gann
- Nifty Futures Trend Deciding level is 10867 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 10867 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 10821 Tgt 10850,10877 and 10900 (Nifty Spot Levels)
Sell below 10785 Tgt 10765,10750 and 10721 (Nifty Spot Levels)
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