Nifty May Expiry Analysis

FII’s sold 8 K contract of Index Future worth 734 cores 20.7 K Long contract were added by FII’s and 28.3 K Short contracts were added by FII’s. Net Open Interest increased by 41 K contract, so rise in Nifty was used by FII’s to enter long and enter short in Index futures.FII’s Long to Short Ratio at 0.93. How Comfortable you are with your trading ?

As Discussed in Last Analysis Nifty Bulls now need to hold 11896-11910 zone for the upmove to continue towards 12000/12041/12100. Bears will become active below 11810 for a move back to 11777/11721/11666/11610.
Low made today was 11836 so bulls are protecting 11810,bears will get strong below 11810 only. 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.THE MOST NEGLECTED TRADING DISCIPLINE

Important intraday time for reversal can be at 09:18/11:11/1:29/2:47 How to Find and Trade Intraday Reversal Times

Nifty June Future Open Interest Volume is at 1.34 core with addition of 29.7 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @11742,closed above it.

Total Future & Option trading volume at 11.36 Lakh core with total contract traded at 1.49 lakh , PCR @0.87

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.

FII’s sold 304 cores and DII’s sold 189 cores in cash segment.INR closed at 69.83 Dollar to Rupee Forecast Lok Sabha Election Week

Nifty Futures Trend Deciding level is 11888 For Intraday Traders). NF Trend Changer Level (Positional Traders) 11627 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy above 11883 Tgt 11911,11940 and 11960 (Nifty Spot Levels)