- FII sold 13.8 K contract of Index Future worth 1001 cores, Net OI has decreased by 44 K contract, 28 K Long contract were covered by FII and 16 K Shorts were covered by FII. Net FII Long Short ratio at 0.72, So FII used fall to exit longs and exit shorts.
- As discussed in last analysis Now bulls need to move above 10343 for a move back to 10385/10434/10485. Bears will get active below 10280 for a move back to 10231/10180/10130. Bulls got whipsawed but bears were able to to almost 2 target on downside, As yesterday was an important Astro date with Venus moving to Gemini which is considered as Barren Sign which generally leads to negative price,so break of High and Low of 25 will decide the next 150-200 points move in Nifty. Bulls need to break 10361 for a move back to 10421/10499/10555. Bears will get active below 10258 for a move back to 10209/10158/10108/10060.
- Intraday time for reversal can be at 10:35/11:35/12:22/1:11/2:07/2:31 How to Find and Trade Intraday Reversal Times
- Total Future & Option trading volume at 42 Lakh core with total contract traded at 2.44 lakh , PCR @0.78
- Nifty July Future Open Interest Volume is at 1.06 Cores with addition of 31 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @10325 closed below it.
- 10400 CE is having Highest OI at 4 Lakh, resistance at 10400 followed by 10500.10200-10600 CE added 2 Lakh in OI so bears added in range of 10400-10600.
- 10200 PE OI@8 Lakhs having the highest OI strong support at 10200 followed by 10300. 10100-10300 PE added 3 Lakh in OI so bulls added position in range 10100-10200.
- FII’s sold 1050 cores and DII’s sold 255 cores in cash segment.INR closed at 75.64
- Nifty Futures Trend Deciding level is 10244 For Intraday Traders). NF Trend Changer Level (Positional Traders) 10244 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy Above 10300 Tgt 10323,10355 and 10396 (Nifty Spot Levels)
Sell Below 10258 Tgt 10230,10208 and 10180(opens in a ne (Nifty Spot Levels)
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