- FII’s bought 6.3 K contract of Index Future worth 553 cores ,5.3 K Long contract were added by FII’s and 994 Short contracts were liquidated by FII’s. Net Open Interest increased by 4.3 K contract, so fall in market was used by FII’s to enter long and exit short in Index futures. FII’s Long to Short Ratio at 0.82. How to Control Emotions While trading
- As Discussed in Last Analysis Bullish above 10730 for a move back to 10800/10866. Bearish below 10656 for a move back to 10610/10570. As soon as 10656 broken bears were on front foot and did low of 10618 near our target of 10610. 06 June is an important astrological date around which nifty has formed a bottom in past, So bulls need a close above 10656 for a move back to 10730/10770.Bearish below 10610 for a move towards 10555/10512. Important intraday time for reversal can be at 10:59/2:39. Bank Nifty Bulls hold gann angle after 1000 point correction
- Nifty June Future Open Interest Volume is at 2 core with addition of 8.5 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @10656 closed below it.
- 11000 CE is having Highest OI at 39.7 Lakh, resistance at 10800 followed by 10700 .10300-11000 CE added 25.9 lakh in OI so bears added position in range of 10700-11000 CE. FII bought 3.9 K CE and 15.3 K CE were shorted by them. Retail bought 146 K CE and 81.8 K CE were shorted by them.
- 10600 PE OI@34.6 lakhs having the highest OI strong support at 10600 followed by 10700 . 10300-11000 PE added 7.5 Lakh in OI so bulls added position in 10300-10600 PE. FII bought 19.5 K PE and 9.7 K PE were shorted by them. Retail bought 3.3 K PE and 25.2 K shorted PE were covered by them.
- Total Future & Option trading volume at 6.43 Lakh core with total contract traded at 1.28 lakh , PCR @0.81
- FII’s bought 2354 cores and DII’s sold 712 cores in cash segment.INR closed at 67.07
- Nifty Futures Trend Deciding level is 10707 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 10693. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 10636 Tgt 10654,10672 and 10700(Nifty Spot Levels)
Sell below 10610 Tgt 10590,10574 and 10500 (Nifty Spot Levels)
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