- As Discussed in Last Analysis Bulls need a close above 11100 for the next move towards 11202/11255/11308/11415. Bearish below 10992 for a move towards 10887/10783. High made was 11095 and low made was 11009 so we traded in our range of consolidation. As we have time cycle on 25 Jan so plan remains Long above 11000 for a move towards 11202/11255/11308/11415. Bearish below 10992 for a move towards 10887/10783. Option Trading Strategy for Union Budget 2018
- Nifty Feb Future Open Interest Volume is at 2.50 core with addition of 105 Lakh with decrease in cost of carry suggesting long position were added today, NF Rollover cost @11048 closed above it and rollover %@ 63.9.
- Total Future & Option trading volume at 17.50 Lakh core with total contract traded at 1.56 lakh , PCR @0.88
- FII’s bought 937 cores and DII’s sold 965 cores in cash segment.INR closed at 63.53
- Nifty Futures Trend Deciding level is 11074 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 11074 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 11100 Tgt 11120,11145 and 11180 (Nifty Spot Levels)
Sell below 11055 Tgt 11020,10996 and 10970 (Nifty Spot Levels)
Follow on Facebook https://www.facebook.com/Brameshs-Tech-14011718268586
Follow on Twitter:https://twitter.com/brahmesh