Nifty Analysis for Monthly Close

• FII sold 16 K contract of Index Future worth 1300 cores, Net OI has decreased by 11.7 K contract 13.8 K Long contract were covered  by FII and 2.1 K Shorts were added by FII. Net FII Long Short ratio at 2.8 so FII used fall to exit longs and enter shorts so longs exited and shorts entered in the system.

• As Discussed in Last Analysis  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.  High made was 15835 so bulls unable to cross 15864 and bears below 15763 did 1 target in very slow moving market. 15714-15729  is important zone which bears need to break for downside mometum to come towards 15657/15591. Bulls need to move above 15780 for a rally towards 15824/15880/15940. We have monthly close tommrow so should trending move in next 2 trading sessions. 

• Intraday time for reversal can be at 9:25/10:34/11:13/12:40/2:30  How to Find and Trade Intraday Reversal Times

• Total Future & Option trading volume at 30.5  Lakh core with total contract traded 1.18  lakh , PCR @0.85

• Nifty July Future Open Interest Volume is at 0.94 Cores with liquidation of 0.46 5 Lakh with increase in cost of carry suggesting LONG position were closed today, NF Rollover cost @15794 closed above it. 

• 16000 CE is having Highest OI at 22.6 Lakh, resistance at 16000 followed by 16100. 15800-16000 CE added 14 Lakh in OI so bears added in range of 15900-16000. FII bought 59.2 K CE and 54.3 K CE were shorted by them. Retailers bought 324 K CE and 268 K CE were shorted by them.

• 15700 PE OI@12.4 Lakhs having the highest OI strong support at 15700 followed by 15600. 15500-15700 PE added 12 Lakh in OI so bulls addded position in range 15600-15700.FII bought 59.2 K PE and 54.3 K PE were shorted by them. Retailers sold 16.6 K PE and 59.2 K PE were shorted by them.

• FII’s bought 116 cores and DII’s bought 1810 cores in cash segment.INR closed at 74.46

• Nifty Futures Trend Deciding level is 15798 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 15835 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy Above 15780 Tgt 15810,15843 and 15881 (Nifty Spot Levels)

Sell Below 15729 Tgt 15701, 15670 and 15636 (Nifty Spot Levels)