Will Nifty Bulls be able to protect 9460 ?

• FII’s bought 119 contract of Index Future worth 7 cores ,3.9 K Long contract were added by FII’s and 3.8 K  Short contracts were added by FII’s. Net Open Interest increased  by 7.8 K contract, so rise in market was used by FII’s to enter long and enter short in  Index futures. Why Do Traders Lose Money Part -I?

• As discussed in last analysis  Nifty did range breakout once 9460 was broken and moved towards the first target of 9529 and 9590. Time Analysis again favored bulls. Bearish below 9368 only. Nifty continue to hold 9460 and made a new life high and in process did our target of 9529, high made was 9532. Now bulls should hold the range of 9450-60 range for  a move towards 9590 which is major zone of resistance, Bearish below 9368 only.  Will Bank Nifty Bulls we able to protect 22700 ?

• Nifty May Future Open Interest Volume is at 2.22 core with addition of 5 Lakh with increase in  cost of carry suggesting long position were added today, NF Rollover cost @9307 Closed above it.

• Total Future & Option trading volume at 4.42 Lakh core with total contract traded at 0.73 lakh , PCR @1.02

• 9500  CE  is having Highest OI  at 52.4 lakh, resistance at 9500 followed by 9450 .9000-9500 CE liquidated 12.7 Lakh in OI so bears ran for cover  in 9400-9500 CE.FII bought 16.6 K CE longs and 7.8 K CE were shorted  by them.Retail bought 13.6 K CE contracts and 15.2 K CE were shorted  by them.
  

• 9300 PE OI@73.2 lakhs having the highest OI strong support at 9300 followed by 9200. 9000-9500 PE added 28 Lakh in OI so bulls used the rise to add aggressive position in 9400/9500 PE . FII bought 10.2 K PE and 18.9 K PE were shorted by them. Retail bought 56 K PE contracts and 30.5 K PE were shorted by them.
  

• FII’s sold 731  cores in Equity and DII’s bought 614  cores in cash segment.INR closed at 64.14
  

• Nifty Futures Trend Deciding level is 9516 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 9390. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy above 9515 Tgt 9535,9555 and 9590 (Nifty Spot Levels)

Sell below 9490 Tgt 9470,9450 and 9430 (Nifty Spot Levels)

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