Nifty Trade Plan for 30 June Monthly Expiry

FII sold 30.3 K contract of Index Future worth 2413 cores, Net OI has decreased by 6.7 K contract 18.5 K Long contract were covered by FII and 11.8 K Shorts were added by FII. Net FII Long Short ratio at 0.18 so FII used fall to exit long and enter short in Index Futures.

As Discussed in Last Analysis Bears got whipsawed today Bulls were able to do 1 target on upside. For Swing traders Bulls need to move above 15835 for a move towards 15898/15960/16023 . Bears will get active below 15738 for a move towards 15675/15611/15548. Another gap down open and both bulls and bears got whipsawed. Today we have weekly, monthly and quarterly expiry so expect decent move in last 1 hour as positions will get settled. For Swing traders Bulls need to move above 15801for a move towards 15864/15927 . Bears will get active below 15738 for a move towards 15675/15611/15548.

Intraday time for reversal can be at 9:37/10:30/11:20/12:29/1:40/2:39 How to Find and Trade Intraday Reversal Times

MAX Pain is at 15800 PCR at 0.80 PCR below 0.88 and above 1.3 lead to trending moves, and in between leads to range bound markets.

Nifty May Future Open Interest Volume is at 0.54 Cores with liquidation of 23 Lakh with decrease in cost of carry suggesting Long positions were closed today.

Maximum Call open interest of 59 lakh contracts was seen at 15900 strike, which will act as a crucial resistance level and Maximum PUT open interest of 72 lakh contracts was seen at 15600 strike, which will act as a crucial Support level. There is total OI of 10.88 Cr on the Call side and 11.77 Cr on the Put side. So, the activity is more on PUT side indicating Option Writers are having Bullish Bias.

FII’s sold 851 cores and DII’s bought 847 cores in cash segment.INR closed at 79.16

Retailers have bought 252 K CE contracts and 192 K CE contracts were shorted by them on Put Side Retailers bought 164 K PE contracts and 167 K PE shorted contracts were added by them suggesting having Neutral outlook,On Flip Side FII bought 31.2 K CE contracts and 4.1 K CE were shorted by them, On Put side FII’s bought 34 K PE and 40 K PE were shorted by them suggesting they have a turned to Bullish Bias.

As per Musical Octave Above 15642 Rally towards 16108

I go with premise that equity cycle is a delayed FnO cycle – and high activity in equities generally indicate culmination of that particular cycle. 20 Dec FII sold 3565 cr 08 Mar 8142 cr 17 Jun 7818 cr FII Highest sell figure leads to short term bottom in #nifty50 — Worked perfectly

Those who rid themselves of their egos are rewarded greatly. They are the superstars of their fields. In the market, rewards come in the form of profits. In the world of art, masterpieces are the results. In sports, the players are all-stars and command enormous salaries. Every pursuit has its own manifestation of victory over the ego.

For Positional Traders Stay long till we are holding Trend Change Level 15661 and stay short below it. That will help you stay on the side of Institutions and which has a greater risk-reward ratio. For Intraday Traders 15784 will act as a Intraday Trend Change Level.

Buy Above 15820 Tgt 15848, 15888 and 15921 (Nifty Spot Levels)

Sell Below 15777 Tgt 15743, 15714 and 15685 (Nifty Spot Levels)

Upper End of Expiry : 15905

Lower End of Expiry : 15544

As always I wish you maximum health and trading success

One thought on “Nifty Trade Plan for 30 June Monthly Expiry”

Sukumar June 30, 2022 11:22 am

Maximum Call open interest of 59 lakh contracts was seen at 15900 strike. Where do you get tthis data?
I have checked Bhavcopy with 30-6-2022 expiration date. plz enlighten me.

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