- FII’s sold 18.3 K contract of Index Future worth 1413 cores 10 K Long contract were covered by FII’s and 8.5 K Short contracts were added by FII’s. Net Open Interest decreased by 1.7 K contract, so fall in Nifty was used by FII’s to exit long and enter short in Index futures.FII’s Long to Short Ratio at 1.1. How Comfortable you are with your trading ?
- As Discussed in Last Analysis Bulls will get active above 11800 for a move back to 11896. 11896-11910 is important zone of resistance big rally on close above 11896 only towards 12080/12167/12260. Bears will get active below 11666 for a move back to 11570/11500/11400.
- Today High will remains high for next 15-20 days,Nifty will consolidate gain and mostly will move in range bound move. Nifty Bulls will get active above 11698 for a move towards 11753/11807/11861. Bears will active below 11585 for a move back to 11537/11483/11430. THE MOST NEGLECTED TRADING DISCIPLINE
- Important intraday time for reversal can be at 9:30/10:25/11:21/12:47/1:56 How to Find and Trade Intraday Reversal Times
- Nifty May Future Open Interest Volume is at 1.76 core with addition of 9.8 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @11742,closed above it.
- Total Future & Option trading volume at 25.81 Lakh core with total contract traded at 3.5 lakh , PCR @0.86
- 12000 CE is having Highest OI at 47.7 Lakh, resistance at 11800 followed by 12000 .11000-11800 CE added 19.9 Lakh in OI so bears added position in range of 11800-12000. FII sold 5.5 K CE and 41.2 K shorted CE were covered by them. Retail sold 37.7 K CE and 68.9 K shorted CE were covered by them.
- 11500 PE OI@22.3 Lakhs having the highest OI strong support at 11600 followed by 11500 . 11000-11700 PE added 13.3 Lakh in OI so bulls added huge position in range 11400-11500 .FII bought 4.4 K PE and 18.3 K shorted PE were covered by them. Retail sold 160 K PE and 127 K shorted PE were covered by them.
- FII’s bought 1352 cores and DII’s sold 593 cores in cash segment.INR closed at 69.59 Dollar to Rupee Forecast Lok Sabha Election Week
- Nifty Futures Trend Deciding level is 11878 For Intraday Traders). NF Trend Changer Level (Positional Traders) 11574 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 11698 Tgt 11735,11760 and 11800 (Nifty Spot Levels)
Sell below 11630 Tgt 11605,11585 and 11550 (Nifty Spot Levels)
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