- FII’s sold 2.3 K contract of Index Future worth 124 cores 1.8 K Long contract were added by FII’s and 4.1 K Short contracts were added by FII’s. Net Open Interest increased by 6 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 1.55 How Comfortable you are with your trading ?
- As Discussed in Last Analysis Fresh shorts should be taken below 11821 for a move back to 11775/11730/11666/11610. Long should be taken above 11912 for a move towards 11993/12047/12102. Nifty bears got whipsawed and bulls not able to close above 11912.Fresh shorts should be taken below 11843 for a move back to 11775/11730/11666/11610. Long should be taken above 11912 for a move towards 11993/12047/12102.Tomorrow is Venus ingress date.
- Important intraday time for reversal can be at 10:53/11:51/1:11/2:15 How to Find and Trade Intraday Reversal Times
- Nifty July Future Open Interest Volume is at 1.81 core with liquidation of 4.8 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @11841 closed above it.
- Total Future & Option trading volume at 9.65 Lakh core with total contract traded at 1.06 lakh , PCR @0.87
- 12000 CE is having Highest OI at 14.5 Lakh, resistance at 12000 followed by 12100 .11500-12000 CE added 2.34 Lakh in OI so bears added position in range of 11800-12000.FII bought 3.8 K CE long and 802 shorted CE were covered by them. Retail bought 58.1 K CE and 51.4 K CE were shorted by them.
- 11600 PE OI@10.5 Lakhs having the highest OI strong support at 11600 followed by 11550 . 11000-11700 PE added 3.1 Lakh in OI so bulls added position in range 11500-11600.FII bought 8.7 K PE long and 5.6 K PE were shorted by them. Retail bought 45.8 K PE and 21.9 K PE were shorted by them.
- FII’s sold 512 cores and DII’s bought 141 cores in cash segment.INR closed at 69.02 Dollar to Rupee Forecast Lok Sabha Election Week
- Nifty Futures Trend Deciding level is 11900 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 11920 Tgt 11946,11977 and 12000 (Nifty Spot Levels)
Sell below 11877 Tgt 11850,11821 and 11800 (Nifty Spot Levels)
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