- FII sold 13.8 K contract of Index Future worth 923 cores, Net OI has increased by 3 K contract, 8.4 K Long contract were covered by FII and 5.3 K shorts were added by FII. Net FII Long Short ratio at 1, So FII used fall to exit longs and enter shorts.
- As discussed in last analysis 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.Nifty Bears did both target on downside so Astro was able to give another trade. We have important Bearish Aspect forming tommrow between Mars and Neptune so another good move should be seen. Bears need to break 9710 for a move back towards 9666/9610/9525. Bulls will get active above 9801 for a move back to 9843/9925/10000.
- 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 31.16 Lakh core with total contract traded at 2.3 lakh , PCR @0.79
- Nifty June Future Open Interest Volume is at 1.08 Lakh core with addition of 4.3 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 8 Lakh, resistance at 10200 followed by 10300.10000-10400 CE added 2 Lakh in OI so bears added in range of 10200-10300.
- 9800 PE OI@3 Lakhs having the highest OI strong support at 9800 followed by 9600. 9600-9800 PE added 23 Lakh in OI so bulls added position in range 9600-9700.
- FII’s sold 805 cores and DII’s sold 874 cores in cash segment.INR closed at 75.81
- Nifty Futures Trend Deciding level is 9990 For Intraday Traders). NF Trend Changer Level (Positional Traders) 9929 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy Above 9820 Tgt 9850,9888 and 9930 (Nifty Spot Levels)
Sell Below 9770 Tgt 9740,9700 and 9666(opens in a ne (Nifty Spot Levels)
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