- FII’s bought 2.3 K contract of Index Future worth 154 cores ,8.6 K Long contract were added by FII’s and 6.3 K short contracts were added by FII’s. Net Open Interest increased by 15 K contract, so rally today in Nifty market was used by FII’s to enter majority long and enter shorts in Index futures. Trade Psychology Rules to Follow
- Nifty closed above the supply zone of 7512 and now heading towards the next zone of 7554, close above 7554 will signal move towards 7600/7634. Zone of 7554-7634 is very crucial. Support is in range 7400-7380. Bank Nifty Bulls again hold 15136 ,EOD Analysis
- Nifty March Future Open Interest Volume is at 2.25 core with liquidation of 4.1 Lakh with decrease in cost of carry suggesting short position were closed today, NF closed above Rollover cost @7147. Nifty rallied 300 points above Rollover cost
- Total Future & Option trading volume was at 2 Lakh core with total contract traded at 1.5 lakh , PCR @1.06, .How To Identify Market Tops and Bottom
- 7500 CE OI at 63.8 lakh , wall of resistance @ 7500 .7000/7500 CE liquidated 4.3 lakh so bears ran for cover in 7200/7300 CE .FII bought 14.4 K CE longs and 450 CE were shorted by them .Retail bought 19.5 K CE contracts and 10.1 K CE were shorted by them.
- 7000 PE OI@64.1 lakhs having the highest OI strong support at 7000 . 7000/7400 PE added 5.2 lakh so bulls trying to form a based around 7100/7200.FII bought 10.1 K PE longs and 10.1 K shorted PE were by them .Retail bought 3.5 K PE contracts and 6.3 K PE were shorted by them.
- FII’s bought 462 cores in Equity and DII’s sold 823 cores in cash segment.INR closed at 67.21
- Nifty Futures Trend Deciding level is 7476 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 7266 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 7540 Tgt 7572,7595 and 7615 (Nifty Spot Levels)
Sell below 7490 Tgt 7460 ,7430 and 7390 (Nifty Spot Levels)
Thank you sir for your guide. I love to read your advice. I like to buy some swing trade stocks.
Also this red line & gann green lines meeting at 7560 around.. can market cross those lines? what is your opinion?
excellent details sir. I always start my day after reading this. Do you publish on whatsApp? my no is 7738119840.
Sir, trend reversal started? Are we in wave 5 of long term charts