- As Discussed in Last Analysis As we have RBI Policy outcome by 11:45 tomorrow and today we had mercury ingress suggesting good move on cards. Nifty Bulls need to close above 11376 for a move back to 11460/11520/11570. Bears will get active below 11240 for a move back to 11194/11141/11100. High made was 11400 so bulls got whipsawed above 11376 and bears once below 11240 did all 2 target on downside. Astro date combined with price helped us in capturing the whole move, Now Bulls need to 11230 to be back in game 11290/11330/11376 . Bears will get active below 11141 for a move back to 11100/11053/10943.
- FII sold 7.1 K contract of Index Future worth 724 cores, Net OI has increased by 2 K contract, 2.5 K Long contract were liquidated by FII and 4 K short were added by FII. Net FII Long Short ratio at 0.47, So FII used fall to exit longs and enter shorts.
- Important intraday time for reversal can be at 10:16/11:17/12:46/2:34 How to Find and Trade Intraday Reversal Times
- Total Future & Option trading volume at 9.6 Lakh core with total contract traded at 1.43 lakh , PCR @0.90
- Nifty Oct Future Open Interest Volume is at 1.54 core with liquidation of 3.5 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @11608 closed below it.
- 11500 CE is having Highest OI at 24 Lakh, resistance at 11500 followed by 11600 .11200-11700 CE added 20 Lakh in OI so bears added position in range of 11500-11600.
- 11000 PE OI@22 Lakhs having the highest OI strong support at 11200 followed by 11000 . 11000-11700 PE liquidated 5.6 Lakh in OI so bulls covered position in range 11400-11600.
- FII’s sold 692 cores and DII’s bought 606 cores in cash segment.INR closed at 71.10
- Nifty Futures Trend Deciding level is 11307 For Intraday Traders). NF Trend Changer Level (Positional Traders) 11477 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy Above 11200 Tgt 11230,11270 and 11300 (Nifty Spot Levels)
Sell Below 11141 Tgt 11110,11090 and 11052 (Nifty Spot Levels)
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