Nifty Analysis for 13 July

• FII bought 9 K contract of Index Future worth 719 cores, Net OI has decreased by 2.8 K contract 3 K Long contract were added by FII and 5.9 K Shorts were covered by FII. Net FII Long Short ratio at 1.39  so FII used fall to enter longs and exit shorts.

• As Discussed in Last Analysis  We have broken the gann trendline on downside suggesting fall can get mometum if we breach 15666 for a move back to 15610/15555/15485. Bulls will get active above 15785 for a move back to 15848/15940. High made was 15789 so bulls failed to rally above 15785 and bears failed to fall below 15666 so day of whipsaw. We should see trending move in next 2 days based on astro dates in below video. Bulls need to move above 15790 for a move back to 15853/15920. Bears will get active below 15625 for a move back to 15564/15490.

• Intraday time for reversal can be at   9:43/10:48/11:17/12:05/1:36/2:13  How to Find and Trade Intraday Reversal Times

• Total Future & Option trading volume at 37.10 Lakh core with total contract traded 1.31 lakh , PCR @0.93

• Nifty July Future Open Interest Volume is at 0.94 Cores with liqudiation of 2.4 Lakh with decrease in cost of carry suggesting SHORT position were closed today, NF Rollover cost @15794 closed below it. 

• 15900 CE is having Highest OI at 19.2 Lakh, resistance at 15900 followed by 16000. 15800-16000 CE added 24 Lakh in OI so bears added in range of 15900-16000. FII bought 8.6  K CE and 21.3 K CE were shorted by them. Retailers bought 256 K CE and 217 K CE were shorted by them.

• 15500 PE OI@17.2 Lakhs having the highest OI strong support at 15500 followed by 15400. 15500-15700 PE added 22 Lakh in OI so bulls addded position in range 15600-15700. FII bought 4 K PE and 14 K PE were shorted by them. Retailers bought 107 K PE and 106 K PE were shorted by them.

• FII’s sold 745 cores and DII’s bought 447 cores in cash segment.INR closed at 74.74

• Nifty Futures Trend Deciding level is 15741 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 15797 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy Above 15729 Tgt 15750,15777 and 15801 (Nifty Spot Levels)

Sell Below 15643 Tgt 15626, 15599 and 15564 (Nifty Spot Levels)