- FII’s bought 4.1 K contract of Index Future worth 257 cores ,2 K Long contract were added by FII’s and 2 K short contracts were liquidated by FII’s. Net Open Interest decreased by 23 contract, so rise in market was used by FII’s to enter long and exit shorts in Index futures.Mental Toughness Required by Traders Part-II
- As discussed in Yesterday Analysis Close above 8242 can lead to 8300/8336/8392. Below 8200 can see downmove towards 8140/8080. Low made today was 8216 and High made was 8294, So as per gann analysis we held on to gann trendline and we saw the move till 8294. Now Bulls need a close above 8300 for a next move towards 8392. Till we are holding 8210 on weekly basis nifty can move towards 8557. Bank Nifty does 18000,EOD Analysis
- Nifty June Future Open Interest Volume is at 2.16 core with addition of 2.16 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @7961 closed above it
- Total Future & Option trading volume was at 2.41 Lakh core with total contract traded at 1.52 lakh , PCR @1.16, Trader’s Resolutions for the New Financial Year 2016-17
- 8400 CE is having Highest OI at 48.1 lakh, resistance at 8400 .8000/8600 CE added 1.1 lakh so bears forming resistance at higher levels but not adding aggressively .FII bought 13.3 K CE longs and 623 CE were shorted by them .Retail SOLD 7.3 K CE contracts and 16.1 K CE were shorted by them.
- 8000 PE OI@64.3 lakhs having the highest OI strong support at 8000. 8000-8600 PE added 23.6 Lakh in OI so strong base near 8000-8100 zone .FII bought 1.2K PE longs and 8.9 K PE were shorted by them .Retail bought 58 K PE contracts and 8.4 K PE were shorted by them. As discussed yesterday Retailers going in RBI policy with bearish bias and market rallied 🙂
- FII’s bought 499 cores in Equity and DII’s bought 46 cores in cash segment.INR closed at 66.77
- Nifty Futures Trend Deciding level is 8277 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8192 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 8302 Tgt 8335,8360 and 8392 (Nifty Spot Levels)
Sell below 8250 Tgt 8220,8200 and 8180 (Nifty Spot Levels)
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