Nifty Analysis for 18 June

• FII sold 2.3 K contract of Index Future worth 377 cores, Net OI has increased by 194 contract 1 K Long contract were covered by FII and 1.2 K Shorts were added by FII. Net FII Long Short ratio at 2.43 so FII used rise to exit longs and enter shorts so longs were exited and small shorts entered in the system.

• As Discussed in Last Analysis Bulls again failed to give follow upmove above 15901 and gann angle as shown below as high made today was 15881, Bears got the chance did only 1 target on downside in slow moving market. Now Bears need to move below 15740 for a move back to  15666/15610. Bulls will get active above 15813 for a move towards 15881/15943/16001.  High made was 15769 near our trigger level of 15740 and did all target on downside. We are approaching crucial time cycle both ganna and asto, price is  near gann support zone as shown in below chart suggesting we are in another big move in next 2 trading sessions. Bulls will get active above 15729 for a move towards 15768/15843/15920.  Bears will get active below 15666 for a move towards 15610/15555/15485.

• Intraday time for reversal can be at  9:28/10:15/11:21/12:21/2:15   How to Find and Trade Intraday Reversal Times

• Total Future & Option trading volume at 90.2 Lakh core with total contract traded 1.16 lakh , PCR @0.96

• Nifty June Future Open Interest Volume is at 0.99 Cores with liquidation of 0.83 Lakh with decrease in cost of carry suggesting SHORT position were closed today, NF Rollover cost @15296 closed above it. 

• 15900 CE is having Highest OI at 33.5 Lakh, resistance at 15900 followed by 16000. 15900-16000 CE added 24 Lakh in OI so bears added in range of 15900-16000.

• 15700 PE OI@32 Lakhs having the highest OI strong support at 15700 followed by 15600. 15700-15600 PE added 32 Lakh in OI so bulls addded position in range 15600-15700. 

• FII’s sold 879 cores and DII’s bought 45 cores in cash segment.INR closed at 74.18

• Nifty Futures Trend Deciding level is 15701 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 15677 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy Above 15729  Tgt 15766,15799 and 15836(Nifty Spot Levels)

Sell Below 15666 Tgt 15636, 15600 and 15555 (Nifty Spot Levels)