- FII’s sold 4.8 K contract of Index Future worth 436 cores 804 Long contract were liquidated by FII’s and 4 K Short contracts were added by FII’s. Net Open Interest increased by 3.2 K contract, so fall in Nifty was used by FII’s to exit long and enter short in Index futures.FII’s Long to Short Ratio at 1.53 How Comfortable you are with your trading ?
- As Discussed in Last Analysis Nifty Bulls will get active above 11912 for a move towards 11977/12040/12100. Bears will get active below 11821 for a move towards 11777/11721/11666. 11777 done now waiting for target of 11721/11666. Bulls will get active above 11843 for a move back to 11910/11977.
- Important intraday time for reversal can be at 11:11/1:20/2:20 How to Find and Trade Intraday Reversal Times
- Nifty July Future Open Interest Volume is at 1.83 core with addition of 67 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @11841 closed at it.
- Total Future & Option trading volume at 6.17 Lakh core with total contract traded at 1.04 lakh , PCR @0.94
- 12000 CE is having Highest OI at 14.4 Lakh, resistance at 12000 followed by 12100 .11500-12000 CE added 5.8 Lakh in OI so bears added position in range of 11800-12000.FII bought 706 CE long and 13.5 K CE were shorted by them. Retail bought 193 K CE and 135 K CE were shorted by them.
- 11600 PE OI@7.4 Lakhs having the highest OI strong support at 11600 followed by 11550 . 11000-11700 PE added 6.7 Lakh in OI so bulls added position in range 11500-11600.FII bought 21.2 K PE long and 5.6 K PE were shorted by them. Retail bought 67.7 K PE and 84 K PE were shorted by them.
- FII’s sold 531 cores and DII’s bought 182 cores in cash segment.INR closed at 69.02 Dollar to Rupee Forecast Lok Sabha Election Week
- Nifty Futures Trend Deciding level is 11864 For Intraday Traders). NF Trend Changer Level (Positional Traders) 11894 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 11812 Tgt 11843,11877 and 11910 (Nifty Spot Levels)
Sell below 11755 Tgt 11752,11721 and 11700 (Nifty Spot Levels)
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