Nifty Make New All Time Closing High

• FII sold 6.3 K contract of Index Future worth 690 cores, Net OI has decreased by 5 K contract 5.6 K Long contract were covered by FII and 625 Shorts were added by FII. Net FII Long Short ratio at 1.2  so FII used rise to exit longs and enter shorts.

• As Discussed in Last Analysis Today we have  Mercury – Venus Declination and Tommrow Mercury goes retrograde so strong trending move will be seen in next 2 trading sessions. We got the big trending move as expected and formed outside bar pattern today and we closed above important gann level of 15541, Bulls need to hold this level of 15541 and close above 15610 for the move to contiue towards 15668/15743/15843. Bears will get active below 15521 for a move back to 15485/15424/15385.

• Intraday time for reversal can be at 9:28/11:23/12/1:16/2:34 How to Find and Trade Intraday Reversal Times

• Total Future & Option trading volume at 30 Lakh core with total contract traded 1.05 lakh , PCR @0.79

• Nifty June Future Open Interest Volume is at 1.05 Cores with addtion of 1.5 Lakh withdecrease in cost of carry suggesting LONG position were closed today, NF Rollover cost @15296 closed above it. 

• 15700 CE is having Highest OI at 12.8 Lakh, resistance at 15600 followed by 15700. 15500-15700 CE added 14 Lakh in OI so bears added in range of 15600-15700. FII bought 13 K CE and 5.5 K shorted CE were covered by them. Retailers bought 76.3 K CE and 120 K CE were shorted by them.

• 15400 PE OI@19 Lakhs having the highest OI strong support at 15400 followed by 15300. 15400-15500 PE added 18.9  Lakh in OI so bulls addded position in range 15400-15500. FII bought 30.6 K PE and 26.6 PE were shorted by them. Retailers bought 305 K PE and 265 K PE were shorted by them.

• FII’s bought 2412 cores and DII’s bought 179 cores in cash segment.INR closed at 72.9

• Nifty Futures Trend Deciding level is 15531 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 15455  How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy Above 15610 Tgt 15636,15666 and 15699 (Nifty Spot Levels)

Sell Below 15551 Tgt 15521, 15490 and 15466 (Nifty Spot Levels)