- FII’s sold 1.7 K contract of Index Future worth 111 cores ,0.6 K Long contract were liquidated by FII’s and 1.1 K short contracts were added by FII’s. Net Open Interest increased by 0.5 K contract, so fall in market was used by FII’s to exit long and enter shorts in Index futures. Why Trading is a mental game
- As discussed last Analysis Now going forwards 8740-8750 range is very very crucial crossing the same Bulls can see move towards 8951-9000, Unable to cross another down move towards 8520. 8710-8732 is crucial range for bulls as its gann resistance and 8601-8610 is support on downside below which bears will start warming up again. Between the range choppy move continue. Bank Nifty holds 19320, fails to close above 19500, EOD Analysis
- Nifty Oct Future Open Interest Volume is at 1.79 core with liquidation of 4.5 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @8777,corrected 250 points from that
- Total Future & Option trading volume was at 4 Lakh core with total contract traded at 1 lakh , PCR @0.90 , Trader’s Resolutions for the New Financial Year 2016-17
- 9000 CE is having Highest OI at 63.3 lakh, resistance at 9000 .8500/9000 CE added 4.7 lakh so bears added in 8700-8800 range .FII sold 865 CE longs and 13.3 K shorted CE covered were by them .Retail bought 39 K CE contracts and 17.9 K CE were shorted by them.
- 8500 PE OI@49.3 lakhs having the highest OI strong support at 8500. 8500-9000 PE added 4.5 Lakh in OI so bulls added aggressively in 8600-8700 PE. FII bought 15.7 K PE longs and 0.6 K shorted PE were covered by them .Retail bought 17.2 K PE contracts and 24.7 K PE were shorted by them.
- FII’s sold 282 cores in Equity and DII’s bought 724 cores in cash segment.INR closed at 66.67
- Nifty Futures Trend Deciding level is 8668 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8685 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 8670 Tgt 8695,8727 and 8755 (Nifty Spot Levels)
Sell below 8650 Tgt 8630,8610 and 8577 (Nifty Spot Levels)
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