- FII bought 10.9 K contract of Index Future worth 511 cores, Net OI has increased by 9.9 K contract, 10.4 K Long contract were added by FII and 490 Shorts were covered by FII. Net FII Long Short ratio at 1.27, So FII used rise to enter longs and exit shorts.
- As discussed in last analysis We saw the effect of Astro date.Now Bull need to move above 10120 for a move back to 10180/10250/10312. Bears will get active below 10000 for a move back to 9930/9860/9800. Bulls were able to do 2 target on upside, Bulls now need to hold range of 10170-10200 for the upmove towards 10320/10400. Bears need to break 10150 for a move back to 10070/10000/9920.We have Annular Solar Eclipse 2020 on Sunday be prepared for volatile move in coming week.
- Intraday time for reversal can be at 9:15/10:51/12:23/1:36/2:24 How to Find and Trade Intraday Reversal Times
- Total Future & Option trading volume at 11.06 Lakh core with total contract traded at 2.34 lakh , PCR @0.72
- Nifty June Future Open Interest Volume is at 0.91 Lakh core with addition of 0.1 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @9164 closed above it.
- 10300 CE is having Highest OI at 11 Lakh, resistance at 10300 followed by 10400.10000-10400 CE added 12 Lakh in OI so bears added in range of 10300-10400.FII bought 24.1 K CE and 22 K CE were shorted by them. Retailers bought 89 K CE and 90 K CE were shorted by them.
- 9900 PE OI@18 Lakhs having the highest OI strong support at 9900 followed by 9800. 9600-9800 PE added 13 Lakh in OI so bulls added position in range 9600-9700.FII bought 15.1 K PE and 11.9 K PE were shorted by them. Retailers bought 147 K PE and 141 K PE were shorted by them.
- FII’s bought 1237 cores and DII’s bought 880 cores in cash segment.INR closed at 76.26
- Nifty Futures Trend Deciding level is 10157 For Intraday Traders). NF Trend Changer Level (Positional Traders) 9924 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy Above 10250 Tgt 10272,10300 and 10323 (Nifty Spot Levels)
Sell Below 10170 Tgt 10140,10100 and 10070 (opens in a ne (Nifty Spot Levels)
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