Nifty Analysis for 29 June

• FII sold 8.6 K contract of Index Future worth 728 cores, Net OI has decreased by 5.5K contract 7 K Long contract were covered  by FII and 1.5 K Shorts were added by FII. Net FII Long Short ratio at 3.5 so FII used fall to exit longs and enter shorts so longs exited and shorts entered in the system.

• As Discussed in Last Analysis Bulls did 2 target on upside in a dull expiry,Now Bulls need to move 15843 for a move back to 15890, 15959,and 16001. Bears will get active below 15699 for a move back to 15652/15602/15555. We will be see impact of Venus Ingress and Moon Saturn cycle tommrow, Bulls need to move above 15864 for a move back to 15920/15999/16044. Bears will get active below 15763 for a move back to 15729/15643/15555.

• Intraday time for reversal can be at 9:30/10:39/11:42/12:40/1:11/2:29  How to Find and Trade Intraday Reversal Times

• Total Future & Option trading volume at 29.5 Lakh core with total contract traded 0.86 lakh , PCR @0.82

• Nifty July Future Open Interest Volume is at 0.94 Cores with liquidation of 1.35 Lakh with increase in cost of carry suggesting LONG position were added today, NF Rollover cost @15794 closed above it. 

• 16000 CE is having Highest OI at 20.6 Lakh, resistance at 16000 followed by 16100. 15800-16000 CE added 24 Lakh in OI so bears added in range of 15900-16000. FII bought 54.4  K CE and 57.1 K CE were shorted by them. Retailers bought 374 K CE and 319 K CE were shorted by them.

• 15700 PE OI@10.4 Lakhs having the highest OI strong support at 15700 followed by 15600. 15500-15700 PE added 22 Lakh in OI so bulls addded position in range 15600-15700.FII bought 36.5 K PE and 18.5 K PE were shorted by them. Retailers bought 102 K PE and 139 K PE were shorted by them.

• FII’s sold 1658 cores and DII’s bought 1277 cores in cash segment.INR closed at 74.43

• Nifty Futures Trend Deciding level is 15869 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 15848 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy Above 15853 Tgt 15888,15920 and 15960 (Nifty Spot Levels)

Sell Below 15785 Tgt 15766, 15729 and 15700 (Nifty Spot Levels)