- FII bought 12.8 K contract of Index Future worth 592 cores, Net OI has increased by 12.3 K contract, 12.5 K Long contract were added by FII and 246 short were covered by FII. Net FII Long Short ratio at 0.37, So FII used fall to enter longs and cover shorts.
- As Discussed in Last Analysis Nifty Bull need to move above 11010 for a move back to 11052/11100/11141. Bears will get active below 10943 for a move back to 10890/10843. As per time cycle we should see another big move in Nifty in next 2 days. Bears were on roll and we saw big fall as discussed in neural analysis. Now we can see relief rally in market above 10848 for a move back to 10900/10952/11000.Bears have there chances only below 10771 for a move back to 10719/10667.
- Important intraday time for reversal can be at 9:34/11:20/12:13/1:15/2:19 How to Find and Trade Intraday Reversal Times
- Total Future & Option trading volume at 13.66 Lakh core with total contract traded at 1.93 lakh , PCR @0.87
- Nifty Sep Future Open Interest Volume is at 1.93 core with addition of 3.1 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @11050 closed above it.
- 11100 CE is having Highest OI at 34 Lakh, resistance at 11100 followed by 11200 .10600-11200 CE added 30 Lakh in OI so bears added position in range of 11100-11200. FII sold 8.7 K CE Long and 27 K CE were shorted by them. Retails Bought 271 K CE and 130 K CE were shorted by them.
- 10800 PE OI@36.1 Lakhs having the highest OI strong support at 10800 followed by 10700 . 10600-11200 PE added 2.2 Lakh in OI so bulls added position in range 10800-11100.FII Bought 40.3 K PE Long and 12.6 K PE were shorted by them. Retails sold 99 K PE and 46.7 K PE were shorted by them.
- FII’s sold 808 cores and DII’s bought 85 cores in cash segment.INR closed at 71.89
- Nifty Futures Trend Deciding level is 10903 For Intraday Traders). NF Trend Changer Level (Positional Traders) 10973 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 10848 Tgt 10871,10890 and 10920 (Nifty Spot Levels)
Sell below 10790 Tgt 10771,10746 and 10721 (Nifty Spot Levels)
Follow on Twitter:https://twitter.com/brahmesh
Follow on Facebook https://www.facebook.com/Brameshs-Tech-14011718268586
Youtube Channel: https://www.youtube.com/channel/UCxTIpotKybyOQIDsS3eEqhQ