Nifty Analysis for June Series

By | May 31, 2018 9:03 pm
  • As Discussed in Last Analysis   As we have expiry tomorrow and important astrological date big move can be expected in next 2 trading days. Bears need to break 10610 for the next round of down move towards 10555/10512/10444. Bullish above 10730 which is above gann angel. We saw the effect of astro date today as low made was 10620 and high was 10760 so we did the range trade and also close above 10730. Now till we are above 10720 we can see move towards 10800/10836. Bearish below 10656 for a move back to 10610/10570. Important intraday time for reversal can be at 10:50/2:42. Bank Nifty hold 26352 and bounced 500 point,EOD Analysis

  • Nifty June Future Open Interest Volume is at 1.89 core with addition of 75 Lakh with decrease in  cost of carry suggesting long position were closed today, NF Rollover cost @10656 and rollover %@60.7.


  • Total Future & Option trading volume at 18.34 Lakh core with total contract traded at 1.57 lakh , PCR @0.92


  • FII’s sold 15 cores  and DII’s sold 266 cores in cash segment.INR closed at 67.43


Buy above 10740 Tgt 10765,10790 and 10820 (Nifty Spot Levels)

Sell below 10700 Tgt 10680,10666 and 10630 (Nifty Spot Levels)

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