Nifty Analysis for July Series

As Discussed in Last Analysis As soon as 10700 broken nifty did 10666 till we are trading below 10700 we can see down move towards 10620/10555. Bullish above 10730 for a move back towards 10777/10820. For 14 days Nifty was stuck in 192 points range and once 10700 broken we had a fall till 10557 so 143 points fall in 2 days,see the below graph that the beauty of gann price time analysis. Above 10610 bulls will be active and 10697/10730. Bearish below 10570 for a move back to 10520/10476. Important intraday time for reversal can be at 11:21/2:43. Bank Nifty June Expiry Analysis

Nifty July Future Open Interest Volume is at 1.87 core with addition of 7 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @10720 and rollover %@62.8 closed above it.

11000 CE is having Highest OI at 29.9 Lakh, resistance at 10800 followed by 11050 .10100-11000 CE added 49 lakh in OI so bears added position in range of 10700-10800 CE suggesting resistance at 10800-10900 by start of series

10600 PE OI@35 lakhs having the highest OI strong support at 10600 followed by 10500 . 10100-11000 PE added 34.6 Lakh in OI so bulls making support in range of 10500-10400

Total Future & Option trading volume at 19.64 Lakh core with total contract traded at 2.11 lakh , PCR @0.83

FII’s sold 951 cores and DII’s bought 442 cores in cash segment.INR closed at 68.63

Nifty Futures Trend Deciding level is 10606 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 10606. How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level