Nifty stalls around 100 DMA, FII FnO Data Analysis

• FII’s bought 17.2  K contract of Index Future worth 361 cores ,19.6 K Long contract were added by FII’s and 2.3 K  short contracts  were added  by FII’s. Net Open Interest increased  by 21.9 K contract, so today’s fall was used by FII’s to enter longs in index futures Overcoming Emotions As A Day Trader

• Nifty made high of 8479 around 100 DMA and was unable to break yesterday high of 8481 and consolidated in 50 point range catching breadt after 2 big days. Nifty also stuck around  gann 1*2 line  and closing above the same can see move till 8524/8619.Weekly Closing tomorrow bulls will like to close above 8480 which is 20 WSMA. Support exits in range of 8400-8380.
  

 

• Nifty July Future Open Interest Volume is at 1.69 core with liquidation of 0.5 Lakh, with decrease in CoC suggesting longs  have exited out of system today. 31 Lakh OI added in past 3 trading session,NF Rollover range @8357 should be kept close eye on,holding below bears are in control above it bulls have upper hand.
  

• Total Future & Option trading volume was   at 1.47 core with total contract traded at 3.6  lakh. PCR @1.07

• 8500  CE  OI at 36.3 lakh , wall of resistance @ 8500 .8000/8500 CE added 2.3  lakh so bears added small positions and just holding 13 lakhs overall. FII bought 33.8 K  CE longs and 5.1 K CE  were shorted by them.Retail bought 15.4 K CE contracts.
  

• 7900 PE OI@ 54.4 lakhs so strong base @ 7900.  8100/8500 PE added 17.4  lakh so bulls added aggressively today and have added 73 lakh suggesting bulls are still in control of market . FII bought 19.2 K PE longs and 18.6 K PE were shorted by them.Retail bought 47.2 lakh PE contracts.
  

• FII’s bought 575 cores in Equity and DII’s sold 219  cores in cash segment.INR closed at 63.5

• Nifty Futures Trend Deciding level is 8450 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8377 and BNF Trend Deciding Level 18570 (For Intraday Traders) BNF Trend Changer Level (Positional Traders) 18325 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
  

 

Buy above 8455 Tgt 8480,8500 and 8517 (Nifty Spot Levels)

Sell below 8425 Tgt 8406,8388 and 8350 (Nifty Spot Levels)

 

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