Nifty Analysis for 16 June

• FII sold 8.3 K contract of Index Future worth 11 cores, Net OI has increased by 827  contract 1.6 K Long contract were added by FII and 1.6 K Shorts were added by FII. Net FII Long Short ratio at 2.8  so FII used rise to enterlongs and enter shorts so longs were added and small shorts entered in the system.

• As Discussed in Last Analysis We saw a swift fall in nifty and today being an important astro date as discussed in below video we can see a top or bottom formation based on the break of today high and low. Bulls will get active above 15825 for a move towards 15887/15943/16001. Bears will get active below 15777 for a move towards 15729/15666/15610/15555. We formed bottom as price broke the days high of astro date Now for mometeum to continue on upside bulls need to break 15901 for a move towards 15960/16020/16087. Bears have there chance only below 15811 for a move towards 15777/15729/15666.

• Intraday time for reversal can be at  9:53/10:34/11/12:07/1:33/2:13 How to Find and Trade Intraday Reversal Times

• Total Future & Option trading volume at 34.2 Lakh core with total contract traded 0.91 lakh , PCR @0.86

• Nifty June Future Open Interest Volume is at 1.16 Cores with liquidation of 1.96 Lakh with increase in cost of carry suggesting LONG position were closed today, NF Rollover cost @15296 closed above it. 

• 16000 CE is having Highest OI at 23.5 Lakh, resistance at 16000 followed by 16100. 15900-16000 CE added 14 Lakh in OI so bears added in range of 15900-16000. FII bought 16.1 K CE and 11.6 K CE were shorted by them. Retailers bought 34.5 K CE and 51 K CE were shorted by them.

• 15600 PE OI@22 Lakhs having the highest OI strong support at 15600 followed by 15500. 15500-15600 PE added 32Lakh in OI so bulls addded position in range 15500-15600. FII sold 4.5 K PE and 5.3K PE were shorted by them. Retailers bought 190 K PE and 159 K PE were shorted by them.

• FII’s bought 633 cores and DII’s sold 649  cores in cash segment.INR closed at 73.44

• Nifty Futures Trend Deciding level is 15883 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 15666 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy Above 15901  Tgt 15930,15966 and 16001(Nifty Spot Levels)

Sell Below 15840 Tgt 15811, 15777 and 15743(Nifty Spot Levels)