- FII’s sold 690 contract of Index Future worth 74 cores 1 K Long contract were added by FII’s and 1.6 K Short contracts were added by FII’s. Net Open Interest increased by 2.7 K contract, so rise in Nifty was used by FII’s to enter long and enter short in Index futures.FII’s Long to Short Ratio at 2.08. Strong Emotions in Trading
- As Discussed in Last Analysis Till 11740 is not crossed no longs should be taken. Long above 11740 for a move back to 11800/11866. Bearish below 11640 for a move towards 11570/11512. Bank Nifty continue to trade below 30450
- Important intraday time for reversal can be at 10:21/12:14/1:48 How to Find and Trade Intraday Reversal Times
- Nifty April Future Open Interest Volume is at 1.59 core with liquidation of 0.52 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @11537.
- Total Future & Option trading volume at 7.56 Lakh core with total contract traded at 0.96 lakh , PCR @0.90
- 11800 CE is having Highest OI at 15.1 Lakh, resistance at 11700 followed by 11800 .11000-11800 CE added 0.57 Lakh in OI so bears added position in range of 11600-11800. FII bought 8.3 K CE and 282 CE were shorted by them. Retail bought 12.8 K CE and 28.2 K CE were shorted by them
- 11500 PE OI@19.2 Lakhs having the highest OI strong support at 11400 followed by 11300 . 11000-11600 PE added 10 Lakh in OI so bulls added position in range 11300-11400 PE.FII sold 357 PE and 9.4 K PE were shorted by them. Retail bought 82.6 K PE and 91.4 K shorted PE were covered by them.
- FII’s bought 543 cores and DII’s sold 437 cores in cash segment.INR closed at 68.74 USD/INR Technical Analysis
- Nifty Futures Trend Deciding level is 11753 For Intraday Traders). NF Trend Changer Level (Positional Traders) 11704 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 11740 Tgt 11760,11790 and 11816 (Nifty Spot Levels)
Sell below 11690 Tgt 11666,11644 and 11610 (Nifty Spot Levels)
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