Nifty Ready For Big Move As Per Time Cycle

  • FII’s sold 2.5 K contract of Index Future worth 222 cores 5.1 K Long contract were added by FII’s and 7.7 K Short contracts were added by FII’s. Net Open Interest increased  by 12.8 K contract, so rise in Nifty was used by FII’s to enter long and enter short in  Index futures. FII’s Long to Short Ratio at 1.62. 4 Trading Fears and How to Overcome Them
  • As Discussed in Last Analysis Nifty continued to be in sideways mode as it happened in 2014 election discussed in below video. Now Bulls need to hold 11610-11621 range for upmove to continue towards 11710/11760. 11704 done.Now bulls need to move above 11710 for a move back to 11760/11810. Bears will get active below 11650 for a move back to 11610/11550. As per time cycle good move should be seen in next 2 days.  Bank Nifty bounce from time cycle low of 29700

  • Nifty April Future Open Interest Volume is at 1.54 core with addition of 0.41 Lakh with  increase in  cost of carry suggesting long position were added today, NF Rollover cost @11537.
  • Total Future & Option trading volume at 6.40 Lakh core with total contract traded at 0.67 lakh , PCR @0.88
  • 11800 CE  is having Highest OI  at 22.6  Lakh, resistance at 11800  followed by 11900 .11000-11800 CE liquidated 6.7 Lakh in OI so bears covered position in range of 11600-11800. FII bought 2 K CE and 591 CE were shorted by them. Retail bought 32.8 K CE and 39.9 K CE were shorted by them
  • 11500 PE OI@29 Lakhs having the highest OI strong support at 11500 followed by 11400 . 11000-11600 PE added 4.5 Lakh in OI so bulls added position in range 11300-11400 PE.FII bought 11.6 K PE and 3.2 K PE were shorted by them. Retail bought 98 K PE and 3  K  PE were shorted by them.

Buy above 11715  Tgt 11737,11760 and 11800 (Nifty Spot Levels)

Sell below 11675 Tgt 11657,11625 and 116000 (Nifty Spot Levels)