- As Discussed in Last Analysis Bull need to hold 11682-11690 range for upmove to continue towards 11785/11850. Bears will get active below 11666 for a move back to 11610/11570. 11785 done, Now Bulls will get active above 11678 for a move back to 11732/11786/11840. Bears will get 11610 for a move back to 11570/11512.
- Important intraday time for reversal can be at 10:31/12:20/2:29 How to Find and Trade Intraday Reversal Times
- Nifty May Future Open Interest Volume is at 1.92 core with addition of 71.8 Lakh with increase in cost of carry suggesting Long position were added today, NF Rollover cost @11742 and Rollover %@78.2
- Total Future & Option trading volume at 25 Lakh core with total contract traded at 2 lakh , PCR @0.83
- FII’s bought 3785 cores and DII’s sold 4069 cores in cash segment.INR closed at 70.27 USD to INR forecast for next week
- Nifty Futures Trend Deciding level is 11811 For Intraday Traders). NF Trend Changer Level (Positional Traders) 11811 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 11666 Tgt 11687,11721 and 11740 (Nifty Spot Levels)
Sell below 11625 Tgt 11610,11585 and 11570 (Nifty Spot Levels)
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