Nifty bounce on 13 June as per Neural Analysis

  • FII’s sold 1.7 K contract of Index Future worth 278 cores 1.6 K Long contract were added by FII’s and 3.4 K Short contracts were added  by FII’s. Net Open Interest increased  by 5.1 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 1.37 How Comfortable you are with your trading ?
  • As Discussed in Last Analysis As Today was an important time cycle date and we are seeing range contraction in index we are bound to see a good move in Nifty. Bulls will now get active above 11933 for a move back to 11975/12041. Bears will get active below 11860 for a move back to 11823/11769. 11823 done below 11860, As per Neural Analysis video we saw perfect bounce in nifty. Bulls will now get active above 11932 for a move back to 11987/12041. Bears will get active below 11870 for a move back to 11823/11769.THE MOST NEGLECTED TRADING DISCIPLINE

  • Nifty June Future Open Interest Volume is at 1.84 core with liquidation of 6.6 Lakh with  increase in  cost of carry suggesting long position were closed today, NF Rollover cost @11954 closed above it.
  • Total Future & Option trading volume at 24.76 Lakh core with total contract traded at 1.15 lakh , PCR @0.73
  • 12000 CE  is having Highest OI  at 19.1 Lakh, resistance at 12000 followed by 12100 .11000-11800 CE added 1.75 Lakh in OI so bears added position in range of 11900-12000.
  • 11800 PE OI@19.2 Lakhs having the highest OI strong support at 11800 followed by 11700 . 11000-11700 PE added 3.2 Lakh in OI so bulls added position in range 11700-11800.

Buy above 11932 Tgt 11959,11987 and 12014 (Nifty Spot Levels)

Sell below 11885 Tgt 11860,11843 and 11821 (Nifty Spot Levels)

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