Nifty Analysis as PM Modi Begins New Term

  • FII’s bought 28.3 K contract of Index Future worth 2221 cores 65.2 K Long contract were covered by FII’s and 123 K Short contracts were covered by FII’s. Net Open Interest decreased  by 188 K contract, so rise in Nifty was used by FII’s to exit long and exit short in  Index futures.FII’s Long to Short Ratio at 1.50  How Comfortable you are with your trading ?
  • As Discussed in Last Analysis We have important time cycle date tomorrow, Bulls will get active above 11910 for a move back to 11950/12010. Bears will get active below 11810 for a move back to 11777/11721/11666/11610
  • 11950 done above 11910 and we saw bounceback based on neural analysis and time cycle, Till we are above 11910 bulls can move towards 12000/12041/12100, Bears will get active below 11810 for a move back to 11777/11721/11666/11610 .THE MOST NEGLECTED TRADING DISCIPLINE

  • Nifty June Future Open Interest Volume is at 1.87 core with addition  of 53.1  Lakh with  decrease in  cost of carry suggesting long position were closed today, NF Rollover cost @11954
  • Total Future & Option trading volume at 23.70 Lakh core with total contract traded at 1.68 lakh , PCR @0.88
  • 12000 CE  is having Highest OI  at 53.4 Lakh, resistance at 11900 followed by 11950 .11000-11800 CE added 33 Lakh in OI so bears added position in range of 11800-12000. FII sold 4.2 K CE and 15.9 K shorted  CE were covered by them. Retail bought 183 K CE and 110 K CE were shorted by them.
  • 11700 PE OI@22.4 Lakhs having the highest OI strong support at 11700 followed by 11650 . 11000-11700 PE liquidated 28 Lakh in OI so bulls covered huge position in range 11500-11600 .FII bought 17.9 K PE and 239 PE were shorted by them. Retail sold 71 K PE and 39.4 K PE were shorted by them.

Buy above 11970 Tgt 12000,12021 and 12041 (Nifty Spot Levels)

Sell below 11920 Tgt 11898,11877 and 11843  (Nifty Spot Levels)

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