Nifty bounce from Gann Angle Support

• FII’s bought 7.1 K contract of Index Future worth 632 cores 7.5 K Long contract were added by FII’s and 336 Short contracts were added by FII’s. Net Open Interest increased  by 7.8 K contract, so fall in Nifty was used by FII’s to enter long and enter short in  Index futures.FII’s Long to Short Ratio at 2.39. Trading Psychology: Cutting Winning Trades Short

• As Discussed in Last Analysis  As we are near support zone fresh shorts should be taken below 11555 only for a move back to 11512/11470. Bulls will get active again above 11610 for a move back to 11666/11721/11760. Low made was 11609 so we got a perfect entry and did our  1 target of 11666 now waiting for 11721/11760. Bearish below 11570 for a move towards 11512/11470  Bank Nifty bounce from Gann Angle Support
  

• Important intraday time for reversal can be at 10:13/12:26/2:04 How to Find and Trade Intraday Reversal Times

• Nifty April Future Open Interest Volume is at 1.58 core with addition of 3.7 Lakh with  increase in  cost of carry suggesting long position were added today, NF Rollover cost @11537.
  

• Total Future & Option trading volume at 6.23  Lakh core with total contract traded at 0.96  lakh , PCR @1.02

• 11800 CE  is having Highest OI  at 18.9 Lakh, resistance at 11700  followed by 11800 .11000-11800 CE added 0.27 Lakh in OI so bears added position in range of 11600-11800. FII bought 4.2 K CE and 4.7 K CE were shorted by them. Retail bought 53.3 K CE and 58.3 K CE were shorted by them
  

• 11500 PE OI@22.6 Lakhs having the highest OI strong support at 11500 followed by 11400 . 11000-11600 PE added 8.8 Lakh in OI so bulls added position in range 11300-11400 PE.FII bought 13.4 K PE and 13.8 K PE were shorted by them. Retail bought 124 K PE and 93.1 K PE were shorted by them

• FII’s bought 797  cores and DII’s  sold 325  cores in cash segment.INR closed at 69.23  USD/INR Technical Analysis
  

• Nifty Futures Trend Deciding level is 11727For Intraday Traders). NF Trend Changer Level (Positional Traders) 11718  How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy above 11690 Tgt 11711,11735 and 11760 (Nifty Spot Levels)

Sell below 11650 Tgt 11620,11600  and 11570 (Nifty Spot Levels)

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