- FII’s sold 11.8 K contract of Index Future worth 1 K cores 15.9 K Long contract were liquidated by FII’s and 4.1 K Short contracts were liquidated by FII’s. Net Open Interest decreased by 20 K contract, so fall in Nifty was used by FII’s to exit long and exit short in Index futures.FII’s Long to Short Ratio at 0.91
- As Discussed in Last Analysis Now bulls need to hold 11340-11370 range for the correction to come to an halt and continue up move towards 11478/11530/11570. Bears will get active below 11318 for a move back to 11265/11212. Nifty took support at the gann level of 11301, till we are holding this level we can see a relief rally towards 11400/11461/11525/11600. Bears will get active below 11300 for a move towards 11239/11194/11142. Tomorrow is important gann and Astro date also.
- Important intraday time for reversal can be at 9:28/11:44/12:27/1:39 How to Find and Trade Intraday Reversal Times
- Nifty July Future Open Interest Volume is at 1.26 core with liquidation of 24.3 Lakh with decrease in cost of carry suggesting short position were closed today, NF Rollover cost @11841 closed below it.
- Total Future & Option trading volume at 10.63 Lakh core with total contract traded at 1.56 lakh , PCR @0.83
- 11600 CE is having Highest OI at 32.5 Lakh, resistance at 11600 followed by 11700 .11500-12000 CE added 18 Lakh in OI so bears added position in range of 11600-11800.FII bought 10.4 K CE and 5.8 K CE were shorted by them. Retail bought 93 K CE and 66.5 K CE were shorted by them.
- 11300 PE OI@38 Lakhs having the highest OI strong support at 11300 followed by 11400 . 11000-11700 PE added 6.4 Lakh in OI so bulls added position in range 11300-11400.FII bought 3.5 K PE and 1.7 K PE were shorted by them. Retail bought 62.1 K PE and 56.8 K PE were shorted by them.
- FII’s sold 1916 cores and DII’s bought 1829 ores in cash segment.INR closed at 68.92 Dollar to Rupee Forecast Lok Sabha Election Week
- Nifty Futures Trend Deciding level is 11347 For Intraday Traders). NF Trend Changer Level (Positional Traders) 11699 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 11355 Tgt 11376,11398 and 11441 (Nifty Spot Levels)
Sell below 11333 Tgt 11301,11270 and 11243 (Nifty Spot Levels)
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