Ideas and Forecast on NIFTY Weekly Expiry

FII bought 6.3 K contract of Index Future worth 294 cores, Net OI has increased by 6.5 K contract, 6.4 K Long contract were added by FII and 112 shorts were added by FII. Net FII Long Short ratio at 1.27, So FII used rise to enter longs and enter shorts.

As discussed in last analysis Bears need to break 9944-10000 astro range for further fall towards 9889/9821/9721.Bulls now need to move above 10073 for a move back to 10123/10160/10222.10150 done above 10073, We have important astro date today so break of today high and low will decide the next 100-150 points move in nifty.Bulls now need to move above 10153 for a move back to 10210/10276. Bears need to break 10072 for a move back to 10000/9944.

Intraday time for reversal can be at 9:36/10:51/11:37/12:51/2:14 How to Find and Trade Intraday Reversal Times

Total Future & Option trading volume at 16.69 Lakh core with total contract traded at 2.1 lakh , PCR @0.90

Nifty June Future Open Interest Volume is at 1.04 Lakh core with liquidation of 0.13 Lakh with increase in cost of carry suggesting short position were closed today, NF Rollover cost @9164 closed above it.

10200 CE is having Highest OI at 18 Lakh, resistance at 10200 followed by 10300.10000-10400 CE added 22 Lakh in OI so bears added in range of 10200-10300.FII bought 1.3 K CE and 1.2 K Shorted CE were covered by them. Retailers sold 53 K CE and 13.4 K Shorted CE were covered by them.

10000 PE OI@22 Lakhs having the highest OI strong support at 10000 followed by 9900. 9800-10100 PE added 23 Lakh in OI so bulls added position in range 10000 -10100.FII bought 1.3 K PE and 14.2 K PE were shorted by them. Retailers bought 116 K PE and 78.1 K PE were shorted by them.

FII’s sold 919 cores and DII’s bought 500 cores in cash segment.INR closed at 75.65

Nifty Futures Trend Deciding level is 10098 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 10125 Tgt 10155,10190 and 10225 (Nifty Spot Levels)