Nifty Make Double Top and fall 300 point in Flash Crash

  • FII’s sold 4.3 K contract of Index Future worth 404 cores 844 Long contract were covered by FII’s and 3.5 K Short contracts were added  by FII’s. Net Open Interest increased  by 2.6 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 1.43  How Comfortable you are with your trading ?
  • As Discussed in Last Analysis 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. 12039 done, We have discussed the importance for Emotional High and Low in one of our video,Yesterday high was 12039 and we saw a fast decline towards 11829. Plan remains the same for Swing trader 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 1.81 core with liquidation  of 5.9  Lakh with  decrease in  cost of carry suggesting long position were closed today, NF Rollover cost @11954 closed below it
  • Total Future & Option trading volume at 10.70 Lakh core with total contract traded at 1.93 lakh , PCR @0.88
  • 12000 CE  is having Highest OI  at 14.3 Lakh, resistance at 12000 followed by 12100 .11000-11800 CE added 8.5 Lakh in OI so bears added position in range of 11800-12000. FII bought 13.4 K CE and 4.1 K CE were shorted  by them. Retail bought 164 K CE and 129 K CE were shorted by them.
  • 11700 PE OI@16 Lakhs having the highest OI strong support at 11700 followed by 11650 . 11000-11700 PE added 10 Lakh in OI so bulls added position in range 11600-11800 .FII bought 29.7 K PE and 6.3 K PE were shorted by them. Retail bought 40.8 K PE and 56.1 K PE were shorted by them.

Buy above 11933 Tgt 11955 ,11977 and 12001 (Nifty Spot Levels)

Sell below 11908 Tgt 11880,11855 and 11821  (Nifty Spot Levels)

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