- FII’s sold 17.1 K contract of Index Future worth 1469 cores 5.5 K Long contract were added by FII’s and 22.6K Short contracts were added by FII’s. Net Open Interest increased by 23 K contract, so fall in Nifty was used by FII’s to enter long and enter short in Index futures.FII’s Long to Short Ratio at 0.88 How Comfortable you are with your trading ?
- As Discussed in Last Analysis Neural Analysis worked perfectly and we saw big fall on 08 Jul and once below 11763 had a big fall. Fresh Short should be taken below 11520 for a move back to 11460/11400. Long should be take above 11577 for a move back to 11620/11666/11730. Nifty formed a DOJI at gann angle support suggesting till we are holding today low. Also Neural Analysis suggests we can see a relief rally in the market towards 11731. Bulls will become active above 11568 for a move towards 11622/11676/11730. Bears will become active below 11512 for a move back to 11460/11410
- Important intraday time for reversal can be at 10:23/12:43/1:40 How to Find and Trade Intraday Reversal Times
- Nifty July Future Open Interest Volume is at 1.86 core with addition of 4.5 Lakh with decrease in cost of carry suggesting long position were added today, NF Rollover cost @11841 closed below it.
- Total Future & Option trading volume at 11.41 Lakh core with total contract traded at 1.98 lakh , PCR @0.81
- 12000 CE is having Highest OI at 31.2 Lakh, resistance at 11800 followed by 12000 .11500-12000 CE added 12.5 Lakh in OI so bears added position in range of 11800-12000..FII bought 9.2 K CE long and 12.5 K CE were shorted by them. Retail bought 46.1 K CE and 38.9 K CE were shorted by them.
- 11500 PE OI@17.2Lakhs having the highest OI strong support at 11500 followed by 11400 . 11000-11700 PE added 3.7Lakh in OI so bulls added position in range 11500-11400.FII bought 13.7 K PE long and 2 K shorted PE were covered by them. Retail bought 74.6 K PE and 70.9 K PE were shorted by them.
- FII’s sold 674 cores and DII’s bought 710 cores in cash segment.INR closed at 68.44 Dollar to Rupee Forecast Lok Sabha Election Week
- Nifty Futures Trend Deciding level is 11537 For Intraday Traders). NF Trend Changer Level (Positional Traders) 11842 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 11568 Tgt 11596,11622 and 11666 (Nifty Spot Levels)
Sell below 11512 Tgt 11495,11470 and 11444 (Nifty Spot Levels)
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