Nifty EOD Analysis

  • As Discussed in Last Analysis Bull need to hold 11682-11690 range for upmove to continue towards 11785/11850. Bears will get active below 11666 for a move back to 11610/11570. 11785 done, Now Bulls will get active above 11678 for a move back to 11732/11786/11840. Bears will get 11610 for a move back to 11570/11512.

  • Nifty May Future Open Interest Volume is at 1.92 core with addition  of 71.8 Lakh with  increase in  cost of carry suggesting Long position were added today, NF Rollover cost @11742 and Rollover %@78.2
  • Total Future & Option trading volume at 25 Lakh core with total contract traded at 2 lakh , PCR @0.83

Buy above 11666 Tgt 11687,11721 and 11740 (Nifty Spot Levels)

Sell below 11625 Tgt 11610,11585 and 11570  (Nifty Spot Levels)

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