Nifty Analysis for May Series

As Discussed in Last Analysis So last 2 days we have got whipsawed on both side, it genreally happen when 2 gann angle meets and it also set base for bigger move which is bound to come. Under these time most important thing a trader has to do is control urge to take trade and protect the trading capital. Range contraction is happening so best is to trade long above 10590 for a move towards 10638/10730. Bearish below 10514 for a move towards 10480/10400. Bulls were active above 10590 and did 10628, Now bulls need the close above 10640 for a move towards 10720/10800/10897. Bearish below 10555 for a move back towards 10500/10420. Important intraday time for reversal can be at 2:38. Bank Nifty Analysis for May Series

Nifty May Future Open Interest Volume is at 2.24 core with addition of 94 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @10613 closed above it.

Total Future & Option trading volume at 14 Lakh core with total contract traded at 1.71 lakh , PCR @0.99

FII’s sold 1056 cores and DII’s bought 684 cores in cash segment.INR closed at 66.75

Nifty Futures Trend Deciding level is 10607 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 10607 . How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level