Nifty RBI Policy Analysis

FII’s bought 3.4 K contract of Index Future worth 92 cores 2.9 K Long contract were covered by FII’s and 6.4 K Short contracts were covered by FII’s. Net Open Interest decreased by 10.4 K contract, so fall in Nifty was used by FII’s to exit long and exit short in Index futures.FII’s Long to Short Ratio at 2.24. Strong Emotions in Trading

As Discussed in Last Analysis Till 11740 is not crossed no longs should be taken. Long above 11740 for a move back to 11800/11866. Bearish below 11640 for a move towards 11570/11512. Nifty formed double top today at 11760 whipsawed us at 11740 and closed just above our sell level of 11740,Our INtraday short level shared on twitter worked perfectly. Bulls will get active 11678 for a 11726/11760/11810. Bears will get active below 11640 for a move towards 11570/11512 Bank Nifty RBI Policy Analysis

Important intraday time for reversal can be at 10:21/12:14/1:48 How to Find and Trade Intraday Reversal Times

Nifty April Future Open Interest Volume is at 1.56 core with liquidation of 3 Lakh with increase in cost of carry suggesting short position were covered today, NF Rollover cost @11537.

Total Future & Option trading volume at 9.84 Lakh core with total contract traded at 1.11 lakh , PCR @0.88

11800 CE is having Highest OI at 16.5 Lakh, resistance at 11700 followed by 11800 .11000-11800 CE added 1 Lakh in OI so bears added position in range of 11600-11800. FII sold 8.8 K CE and 6.5 K shorted CE were covered by them. Retail bought 158 K CE and 77.1 K CE were shorted by them

11500 PE OI@21.2 Lakhs having the highest OI strong support at 11400 followed by 11300 . 11000-11600 PE added 5.6 Lakh in OI so bulls added position in range 11300-11400 PE.FII bought 14.8 K PE and 1.8 K PE were shorted by them. Retail sold 23.5 K PE and 136 K shorted PE were covered by them.

FII’s sold 1040 cores and DII’s sold 80 cores in cash segment.INR closed at 68.74 USD/INR Technical Analysis

Nifty Futures Trend Deciding level is 11786 For Intraday Traders). NF Trend Changer Level (Positional Traders) 11720 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy above 11740 Tgt 11760,11790 and 11816 (Nifty Spot Levels)