Nifty bounce from gann angle

• FII’s sold 5.7 K contract of Index Future worth 211 cores 3 K Long contract were added by FII’s and 8.7 K Short contracts were added by FII’s. Net Open Interest increased  by 11.8 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 1.96. Trading Psychology: Cutting Winning Trades Short

• As Discussed in Last Analysis As today was important time cycle date high and low are important and break of high 11710 can see move towards 11760/11829. Break of Low 11549 can see move towards 11494/11441. Intraday level mentioned worked perfectly. Break of  11710 can see move towards 11760/11810/11888. Break of Low 11549 can see move towards 11494/11441. Another Big move can be seen in next 2 days.. Bank Nifty bounce from Vedic Number 29791

• Important intraday time for reversal can be at 9:36/11:48/2:01 How to Find and Trade Intraday Reversal Times

• Nifty April Future Open Interest Volume is at 1.58 core with addition of 1.76 Lakh with  increase in  cost of carry suggesting long position were added today, NF Rollover cost @11537.
  

• Total Future & Option trading volume at 9.74 Lakh core with total contract traded at 1  lakh , PCR @0.85

• 11800 CE  is having Highest OI  at 18.1 Lakh, resistance at 11800  followed by 11900 .11000-11800 CE liquidated 2.5 Lakh in OI so bears covered position in range of 11600-11800. FII bought 15.1 K CE and 938 CE were shorted by them. Retail sold 65.2 K CE and 22.2 K shorted CE were covered by them
  

• 11500 PE OI@24.1 Lakhs having the highest OI strong support at 11500 followed by 11400 . 11000-11600 PE added 5.8 Lakh in OI so bulls added position in range 11300-11400 PE.FII bought 3.9 K PE and 14 K PE were shorted by them. Retail bought 3.9 K PE and 14 K PE were shorted by them

• FII’s bought 1212 cores and DII’s  sold 688 cores in cash segment.INR closed at 69.65  USD to INR forecast for next week
  

• Nifty Futures Trend Deciding level is 11692 For Intraday Traders). NF Trend Changer Level (Positional Traders) 11712  How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy above 11685  Tgt 11710,11740 and 11765 (Nifty Spot Levels)

Sell below 11640 Tgt 11621,11600 and 11570 (Nifty Spot Levels)

Follow on Twitter:https://twitter.com/brahmesh

Follow on Facebook https://www.facebook.com/Brameshs-Tech-14011718268586

Youtube Channel: https://www.youtube.com/channel/UCxTIpotKybyOQIDsS3eEqhQ