- FII’s sold 1.7 K contract of Index Future worth 4 cores 1.8 K Long contract were added by FII’s and 4.1 K Short contracts were added by FII’s. Net Open Interest increased by 9 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 1.55 How Comfortable you are with your trading ?
- We were not able to discuss analysis yesterday,Apologies for that. Bulls need to move above 11993 for a move towards 12043/12100. Bears will get active below 11883 for a move back to 11830/1175/11750/11700. Trade cautiously as we will see wild and volatile swings.
- Important intraday time for reversal can be at 9:40/10:45/11:54/1:03/2:09 How to Find and Trade Intraday Reversal Times
- Nifty July Future Open Interest Volume is at 1.79 core with liquidation of 0.68 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @11841 closed above it.
- Total Future & Option trading volume at 19.7 Lakh core with total contract traded at 1.06 lakh , PCR @0.94
- 12000 CE is having Highest OI at 18.6 Lakh, resistance at 12000 followed by 12100 .11500-12000 CE added 1.26 Lakh in OI so bears added position in range of 11900-12000.
- 11500 PE OI@16.6 Lakhs having the highest OI strong support at 11600 followed by 11550 . 11000-11700 PE added 7.8 Lakh in OI so bulls added position in range 11700-11800
- FII’s sold 28 cores and DII’s bought 58 cores in cash segment.INR closed at 68.50 Dollar to Rupee Forecast Lok Sabha Election Week
- Nifty Futures Trend Deciding level is 11975 For Intraday Traders). NF Trend Changer Level (Positional Traders) 11918 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 11970 Tgt 11993,12043 and 12102,12157(Nifty Spot Levels)
Sell below 11884 Tgt 11830,11775 and 11743,11694 (Nifty Spot Levels)
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