Nifty EOD Analysis for 09 May

FII’s sold 1.7 K contract of Index Future worth 94 cores ,2.6 K Long contract were added by FII’s and 4.3 Short contracts were added by FII’s. Net Open Interest increased by 6.9 K contract, so rise in market was used by FII’s to enter long and enter short in Index futures. FII’s Long to Short Ratio at 1.25 .Using “The Greeks” To Understand Options

As Discussed in Last Analysis 10700 done now once we move above 10730 bulls can see good move till 10800/10866.Bearish below 10610 for a move back to 10555/10500. Nifty bounced from gann angle with time cycle date suggesting price time squaring. Nifty opened with gap up and did 10758 but failed to close above 10730.Above 10730 bulls can see good move till 10800/10866.Bearish below 10610 for a move back to 10555/10500. Important intraday time for reversal can be at 10:20/1:23 . Bank Nifty does 26000 after doing price time squaring,EOD Analysis

Nifty May Future Open Interest Volume is at 2.39 core with addition of 1.21 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @10613 closed above it.

Total Future & Option trading volume at 5.49 Lakh core with total contract traded at 0.85 lakh , PCR @1.01

10800 CE is having Highest OI at 35 Lakh, resistance at 10800 followed by 11000 .10300-11000 CE added 1 lakh in OI so bears added position in range of 10700-10800 CE. FII bought 3.3 K CE and 1.4 K shorted CE were covered by them. Retail bought 15.5 K CE and 15.2 K CE were shorted by them.

10500 PE OI@54.9 lakhs having the highest OI strong support at 10500 followed by 10400 . 10400-11000 PE added 5.7 Lakh in OI so bulls added position in 10500-10600 PE. FII bought 5.9 K PE and 810 PE were shorted by them. Retail bought 38.7 K PE and 38.8 K PE were shorted by them.

FII’s sold 97 cores and DII’s bought 923 cores in cash segment.INR closed at 67.07

Nifty Futures Trend Deciding level is 10731 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 10706. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy above 10730 Tgt 10750,10777 and 10800 (Nifty Spot Levels)