- FII’s sold 6.9 K contract of Index Future worth 236 cores 9.4 K Long contract were added by FII’s and 16.4 K Short contracts were added by FII’s. Net Open Interest increased by 25.9 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 1.36 How Comfortable you are with your trading ?
- As Discussed in Last Analysis We have seen increase in volatility in last 2 session suggesting trending move round the corner,Bulls will get active above 11727 for a move towards 11803/11857.
- Gann Analysis helped us in capturing the trending move again and above 11727 we did 11844. Now Bulls need a close above 11865 for the rally to continue till 11925/11984/12024. Bears will get active below 11785 for a move back to 11733/11680/11625.
- Important intraday time for reversal can be at 10:43/11:35/2:27 How to Find and Trade Intraday Reversal Times
- Nifty June Future Open Interest Volume is at 1.73 core with liquidation of 5.1 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @11954 closed above it.
- Total Future & Option trading volume at 26.3 Lakh core with total contract traded at 1.59 lakh , PCR @0.82
- 12000 CE is having Highest OI at 27.9 Lakh, resistance at 12000 followed by 12100 .11000-11800 CE added 3.4 Lakh in OI so bears added position in range of 11800-12000.
- 11700 PE OI@35.8Lakhs having the highest OI strong support at 11700 followed by 11600 . 11000-11700 PE added 49 Lakh in OI so bulls added position in range 11600-11700.
- FII’s sold 438 cores and DII’s bought 1241 cores in cash segment.INR closed at 69.70 Dollar to Rupee Forecast Lok Sabha Election Week
- Nifty Futures Trend Deciding level is 11774 For Intraday Traders). NF Trend Changer Level (Positional Traders) 11896 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 11844 Tgt 11871,11896 and 11932 (Nifty Spot Levels)
Sell below 11810 Tgt 11780,11755 and 11733 (Nifty Spot Levels)
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