Nifty continue to hold time cycle low

FII’s bought 1 K contract of Index Future worth 28 cores 4.4 K Long contract were covered by FII’s and 5.4 K Short contracts were covered by FII’s. Net Open Interest decreased by 9.9 K contract, so rise in Nifty was used by FII’s to exit long and exit short in Index futures.FII’s Long to Short Ratio at 1.79. Trading Psychology: Cutting Winning Trades Short

As Discussed in Last Analysis Now Bulls need to move above 11621 for a move back to 11666/11710.Bears will get active below 11549 for a move towards 11494/11441. Rangebound day did not trigger both buy and sell levels. Bulls need to move above 11621 for a move back to 11666/11710.Bears will get active below 11549 for a move towards 11494/11441
Important intraday time for reversal can be at 9:46/11:40/1:14 How to Find and Trade Intraday Reversal Times

Nifty April Future Open Interest Volume is at 1.53 core with liquidation of 3.5 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @11537.

Total Future & Option trading volume at 19.94 Lakh core with total contract traded at 0.85 lakh , PCR @0.69

11800 CE is having Highest OI at 23.5 Lakh, resistance at 11800 followed by 11900 .11000-11800 CE added 2.4 Lakh in OI so bears added position in range of 11600-11800. FII sold 27.3 K CE and 23.8 K shorted CE were covered by them. Retail sold 326 K CE and 206 K shorted CE were covered by them

11500 PE OI@26.5 Lakhs having the highest OI strong support at 11500 followed by 11400 . 11000-11600 PE added 9.7 Lakh in OI so bulls added position in range 11300-11400 PE.FII sold 20.5 K PE and 26.8 K shorted PE were covered by them. Retail sold 136 K PE and 115 K shorted PE were covered by them

FII’s bought 476 cores and DII’s sold 16 cores in cash segment.INR closed at 68.94 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