Nifty continue to trade in Astro Date Range

  • FII bought 10.8 K contract of Index Future worth 692 cores, Net OI has increased by 5.2 K contract, 8 K Long contract were added by FII and 2.8 K shorts were covered by FII. Net FII Long Short ratio at 1.38, So FII used rise to enter  longs and exit shorts.
  •  As discussed in last analysis  We are near gann angle support suggesting good move should come in next 2 days.  Bulls need to move above 9320 for a move back to 9390/9444/9492/9540.Bears need a close below 9232 for a move back to 9184/9136/9088/9041.Low made was 9260 so we did not break astro date low and bulls above 9320 did 1 target on upside,Astro date again helped in capturing good move in  Nifty. Bulls need to move above 9410 for a move back to 9453/9502/9555.Bears need a close below 9320 for a move back to 9260/9190/9136.

  • Total Future & Option trading volume at 9  Lakh core with total contract traded at 1.9 lakh , PCR @0.91
  • Nifty May Future Open Interest Volume is at 0.46 Lakh core with addition of 12 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @8093 closed above it.
  • 9400 CE is having Highest OI at 12 Lakh, resistance at 9400 followed by 9500.9200-9500 CE added 2 Lakh in OI so bears added position in range of 9300-9400. FII bought 7.6 K CE Long 1.8 K shorted CE were covered  by them. Retailers sold 16 K CE and 799 CE were shorted by them.
  • 9000 PE OI@11 Lakhs having the highest OI strong support at 9100 followed by 9000. 8900-9200 PE added 15 Lakh in OI so bulls added position in range 9000 -9200.FII bought 6.1 K PE Long 14 K PE were shorted by them. Retailers bought 103 K PE and 64 K PE were shorted by them.
  • FII’s sold 122 cores and DII’s Bought 389 cores in cash segment.INR closed at 76.13

Buy Above 9409 Tgt 9436,9455 and 9499 (Nifty Spot Levels)

Sell Below 9360 Tgt 9333,9300 and 9260 (opens in a ne (Nifty Spot Levels)

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