Nifty Analysis as Mercury Change Speed

  • As Discussed in Last Analysis  Fresh long should be taken above 11460 for a move towards 11511/11570.  All Bullish targets are done, We have important astro event as discussed in below video, I do not want to predict what side the move will be, Historically it leads to change in trend as discussed in example below, But as a trade I can never be biased towards the market. Long above 11610 for a move back to 11664/11740. Bearish below 11517 for a move towards 11449/11400.

  • Nifty April Future Open Interest Volume is at 1.69 core with addition of 27.4 Lakh with  decrease in  cost of carry suggesting long position were closed today, NF Rollover cost @11537.
  • Total Future & Option trading volume at 22.5 Lakh core with total contract traded at 1.46lakh , PCR @0.81

Buy above 11600 Tgt 11621,11650 and 11680 (Nifty Spot Levels)

Sell below 11532 Tgt 11510,11485 and 11450 (Nifty Spot Levels)

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