Nifty Bounces On 13 June As Per Neural Analysis

  • FII’s sold 1.7 K contracts of Index Futures worth 278 cores; 1.6 K Long contracts were added by FII’s and 3.4 K Short contracts were added by FII’s. Net Open Interest increased  by 5.1 K contract, so a rise in Nifty was used by FII’s to enter long and enter short in Index futures. FII’s Long to Short Ratio at 1.37 
  • As Discussed in Last Analysis: As Today was an important time cycle date and we are seeing a range contraction in the index; We are bound to see a good move in Nifty. Bulls will now get active above 11933 for a move back to 11975/12041. Bears will get active below 11860 for a move back to 11823/11769. 11823 continued below 11860, as per our Neural Analysis video, we saw a perfect bounce in Nifty. Bulls will now get active above 11932 for a move back to 11987/12041. Bears will get active below 11870 for a move back to 11823/11769.

  • Nifty June Future Open Interest Volume is at 1.84 core with a liquidation of 6.6 Lakh and with an increase in  cost of carry suggesting long positions were closed today, NF Rollover cost is @11954 and closed above it.
  • Total Future & Option trading volume at 24.76 Lakh core with total contracts traded at 1.15 lakh, PCR @0.73
  • 12000 CE  is having a Highest OI  at 19.1 Lakh, resistance at 12000 followed by 12100. 11000-11800 CE added 1.75 Lakh in OI so bears added positions in the range of 11900-12000.
  • 11800 PE OI@19.2 Lakhs having the highest OI strong support at 11800 followed by 11700. 11000-11700 PE added 3.2 Lakh in OI so bulls added position in range 11700-11800.

Buy above 11932 Tgt 11959,11987 and 12014 (Nifty Spot Levels)

Sell below 11885 Tgt 11860,11843 and 11821 (Nifty Spot Levels)