- FII bought 5 K contract of Index Future worth 226 cores, Net OI has increased by 56 contract, 2.5 K Long contract were added by FII and 2.5 K shorts were covered by FII. Net FII Long Short ratio at 1.16, So FII used fall to enter longs and exit shorts.
- As discussed in last analysis Now Bulls need to move above 10205 for a move back to 10270/10322. Bears will get active below 10120 for a move back to 10073/10020. 9944-10000 is range for Astro date so break of these levels can only see big fall in nifty.Bulls did 1 target on upside and below 10120 did both target on downside. Bears need to break 9944-10000 astro range for further fall towards 9889/9821/9721.Bulls now need to move above 10073 for a move back to 10123/10160/10222.
- Intraday time for reversal can be at 9:57/10:12/11:37/12:38/2:16 How to Find and Trade Intraday Reversal Times
- Total Future & Option trading volume at 14.83 Lakh core with total contract traded at 2.2 lakh , PCR @0.92
- Nifty June Future Open Interest Volume is at 1.04 Lakh core with liquidation of 0.33 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @9164 closed above it.
- 10300 CE is having Highest OI at 14 Lakh, resistance at 10300 followed by 10400.10000-10400 CE added 12 Lakh in OI so bears covered in range of 10200-10300.FII bought 11 K CE and 11.4 K CE were shorted by them. Retailers bought 175 K CE and 128 K CE were shorted by them.
- 10000 PE OI@22 Lakhs having the highest OI strong support at 10000 followed by 9900. 9800-10100 PE added 13 Lakh in OI so bulls added position in range 10000 -10100.FII bought 21.9 K PE and 22.7 K PE were shorted by them. Retailers bought 82.6 K PE and 66.1 K PE were shorted by them.
- FII’s bought 490 cores and DII’s sold 733 cores in cash segment.INR closed at 75.71
- Nifty Futures Trend Deciding level is 10161 For Intraday Traders). NF Trend Changer Level (Positional Traders) 9904 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy Above 10073 Tgt 10100,10123 and 10155 (Nifty Spot Levels)
Sell Below 10000 Tgt 9973,9944 and 9900(opens in a ne (Nifty Spot Levels)
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