- FII’s sold 12.3 K contract of Index Future worth 791 cores ,2.7 K Long contract were added by FII’s and 15 K short contracts were added by FII’s. Net Open Interest increased by 17.7 K contract, so rise in market was used by FII’s to enter long and enter shorts in Index futures.How to deal with Negative Emotions in Day Trading
- As discussed in Yesterday Analysis For next 4 days 8111 will play a important role on upside and 7972 on downside, breaking any one of the levels can see move 8210/8241 on upside and 7921/7777 on downside. High made today was 8146,and closed above 8111. Now we need to get the follow upmove in next 2 trading session till 8200/8270 else market can again whipsaw long trades above 8111. Trading below 8050 can see quick fall towards 7972/7921 as shown in below chart. Will Bank Nifty close above top of gann arc,EOD Analysis
- Nifty June Future Open Interest Volume is at 1.07 core with liquidation of 13.6 Lakh with increase in cost of carry suggesting short position were closed today, NF Rollover cost @7961 closed above it
- Total Future & Option trading volume was at 3.76 Lakh core with total contract traded at 1.6 lakh , PCR @1.10, Trader’s Resolutions for the New Financial Year 2016-17
- 8300 CE is having Highest OI at 60.3 lakh, resistance at 8300 .8000/8600 CE added 3.5 lakh so bears forming resistance at higher levels 8200-8300 zone .FII bought 13 K CE longs and 5 CE were shorted by them .Retail bought 13 K CE contracts and 22.7 K CE were shorted by them.
- 8000 PE OI@71.6 lakhs having the highest OI strong support at 8000. 8000-8600 PE added 13.7 Lakh in OI so bulls making strong base near 7900-8000 zone .FII bought 11 K PE longs and 830 PE were shorted by them .Retail bought 33.8 K PE contracts and 19.2 K PE were shorted by them.
- FII’s sold 146 cores in Equity and DII’s sold 147 cores in cash segment.INR closed at 67.93
- Nifty Futures Trend Deciding level is 8128 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8180 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 8155 Tgt 8180,8200 and 8215 (Nifty Spot Levels)
Sell below 8111 Tgt 8095,8060 and 8030 (Nifty Spot Levels)
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