Nifty forms triangle, ready for big move, FII Data Analysis

• Nifty May Future Open Interest Volume is at 1.40 core with addition of 2.1  lakhs with  cost of carry going negative suggesting  long position got closed. OI is lowest in last 3 months, such low OI generally suggests trending move is round the corner.

• Total Future & Option trading volume was   at 2.16 core with total contract traded at 5.6  lakh. PCR @0.85 getting in oversold zone.

• 8500  CE  OI at 53.2 lakh , wall of resistance @ 8500 .8100/8400 CE saw addition of 3.5  lakhs ,so bears added again in small quantity ,and still holding 93 lakh open position. FII sold 12.9 K  CE longs and 16.5 K CE  were shorted  by them.Retailers have bought 1.07 lakh CE contracts in today’s session.

• 8000 PE OI@ 47.1  lakhs so strong base @ 8000.  8100/8400 PE liquidated 2.2  lakh so bulls ran for cover and holding just 18 lakh open position.  FII bought 3.8  K PE longs and 3.2 K shorted  PE  were covered by them. Retailers have bought 26.3 K PE contracts in today’s session. 
  

• FII’s sold 73 cores  in Equity and DII’s bought 302 cores in cash segment.INR closed at 63.63

• Nifty Futures Trend Deciding level is 8202 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8230  and BNF Trend Deciding Level 18004 (For Intraday Traders) BNF Trend Changer Level (Positional Traders) 18080 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .

Buy above 8236 Tgt 8260,8298 and 8333 (Nifty Spot Levels)

Sell below 8190  Tgt 8160,8130 and 8100 (Nifty Spot Levels)