Nifty Technical Analysis & Signals

FII bought 2.5 K contract of Index Future worth 75 cores, Net OI has decreased by 3.6 K contract, 3.9 K Long contract were added by FII and 1.4 K Shorts were added by FII. Net FII Long Short ratio at 1.31, So FII used rise to enter longs and enter shorts.

As discussed in last analysis Bulls now need to hold range of 10170-10200 for the upmove towards 10320/10400. Bears need to break 10150 for a move back to 10070/10000/9920.We have Annular Solar Eclipse 2020 on Sunday be prepared for volatile move in coming week. We opened with gap up and did all target on upside, We are near an important gann angle resistance as shown in below chart, Bulls need a close above 10378 for a move back to 10429/10480. Bears will get active below 10250 for a move back to 10190/10140.

Intraday time for reversal can be at 9:26/11:09/12:22/1:29/2:32 How to Find and Trade Intraday Reversal Times

Total Future & Option trading volume at 12.06 Lakh core with total contract traded at 1.99 lakh , PCR @0.78

Nifty June Future Open Interest Volume is at 0.91 Lakh core with addition of 0.1 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @9164 closed above it.

10400 CE is having Highest OI at 14 Lakh, resistance at 10400 followed by 10500.10000-10400 CE added 22 Lakh in OI so bears added in range of 10300-10400.FII bought 7.5 K CE and 10.8 K CE were shorted by them. Retailers bought 86 K CE and 54 K CE were shorted by them.

10100 PE OI@18 Lakhs having the highest OI strong support at 10100 followed by 10000. 10000-10200 PE added 23 Lakh in OI so bulls added position in range 10000-10200.FII bought 9.4 K PE and 9.8 K PE were shorted by them. Retailers bought 100 K PE and 79 K PE were shorted by them.

FII’s bought 424 cores and DII’s sold 1287 cores in cash segment.INR closed at 76.06

Nifty Futures Trend Deciding level is 10308 For Intraday Traders). NF Trend Changer Level (Positional Traders) 9945 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level