Nifty does Price Time Squaring

FII’s sold 6 K contract of Index Future worth 599 cores 15.6 K Long contract were added by FII’s and 21.7K Short contracts were added by FII’s. Net Open Interest increased by 37 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

As Discussed in Last Analysis Nifty took support at the gann level of 11301, till we are holding this level we can see a relief rally towards 11400/11461/11525/11600. Bears will get active below 11300 for a move towards 11239/11194/11142. High made today was 11398 so we almost did 11400 ,low made was 11302 so we formed Inside bar pattern. Bears will get active below 11300 for a move towards 11239/11194/11142.Bulls above 11343 can push towards 11400/11461/11525/11600.Nifty is doing Price Time Squaring if 11301 is protected.

Important intraday time for reversal can be at 9:24/11:44/12:21/1:38/2:58 How to Find and Trade Intraday Reversal Times

Nifty July Future Open Interest Volume is at 1.19 core with liquidation of 73 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @11841 closed below it.

Total Future & Option trading volume at 12.25 Lakh core with total contract traded at 1.52 lakh , PCR @0.86

11600 CE is having Highest OI at 32.5 Lakh, resistance at 11600 followed by 11700 .11500-12000 CE added 18 Lakh in OI so bears added position in range of 11600-11800.FII sold 10.2 K CE and 792 CE were shorted by them. Retail bought 63 K CE and 30 K CE were shorted by them.

11300 PE OI@38 Lakhs having the highest OI strong support at 11300 followed by 11400 . 11000-11700 PE added 6.4 Lakh in OI so bulls added position in range 11300-11400.FII bought 6.2 K PE and 7.5 K PE were shorted by them. Retail bought 18.7 K PE and 26.1 K PE were shorted by them.

FII’s sold 2607 cores and DII’s bought 2625 ores in cash segment.INR closed at 68.92 Dollar to Rupee Forecast Lok Sabha Election Week

Nifty Futures Trend Deciding level is 11355 For Intraday Traders). NF Trend Changer Level (Positional Traders) 11681 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level