Nifty reacts on time cycle date

  • FII’s sold 10.1 K contract of Index Future worth 864 cores 5.1 K Long contract were covered by FII’s and 5 KShort contracts were added by FII’s. Net Open Interest decreased  by 85 contract, so fall in Nifty was used by FII’s to enter long and enter short in  Index futures.FII’s Long to Short Ratio at 2.1. Trading Psychology: Cutting Winning Trades Short
  • As Discussed in Last Analysis  Low made was 11609 so we got a perfect entry and did our  1 target of 11666 now waiting for 11721/11760. Bearish below 11570 for a move towards 11512/11470. Shorts below 11570 got stopped out, As today was important time cycle date high and low are important and break of high 11710 can see move towards 11760/11829. Break of Low 11549 can see move towards 11494/11441. In Between use Intraday level mentioned below to trade. Bank Nifty bounce from Gann Angle Support

Nifty Time Cycle Analysis and Trading Strategy

  • Nifty April Future Open Interest Volume is at 1.56 core with liquidation  of 1.7 Lakh with  increase in  cost of carry suggesting long position were added today, NF Rollover cost @11537.
  • Total Future & Option trading volume at 7.96 Lakh core with total contract traded at 1.22  lakh , PCR @0.99
  • 11800 CE  is having Highest OI  at 19.1 Lakh, resistance at 11700  followed by 11800 .11000-11800 CE added 2.6 Lakh in OI so bears added position in range of 11600-11800. FII bought 13.3 K CE and 14.4 K CE were shorted by them. Retail bought 180 K CE and 102 K CE were shorted by them
  • 11500 PE OI@22.7 Lakhs having the highest OI strong support at 11500 followed by 11400 . 11000-11600 PE liquidated 2.8 Lakh in OI so bulls covered position in range 11300-11400 PE.FII bought 18.3 K PE and 413 shorted PE were covered by them. Retail sold 31 K PE and 6 K PE were shorted by them

Buy above 11616  Tgt 11635,11658 and 11686  (Nifty Spot Levels)

Sell below 11595 Tgt 11570,11550 and 11525  (Nifty Spot Levels)

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3 thoughts on “Nifty reacts on time cycle date”

  1. You have mentioned today for both NIFTY & BANK NIFTY that :

    QUOTE As today was important time cycle date high and low are important UNQUOTE

    If this was mentioned in your Articles of 6th April and/or Weekly Forecasts for April 8th to 12th – it would have helped me to be more attentive towards fall in the Indices.

    I request you to please mention any forthcoming CYCLE DATES in your future Articles.

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