Nifty bounce from pyrapoint support,FII FnO Data Analysis

• FII’s bought 35.1 K contract of Index Future worth 547 cores ,53.4 K Long contract were added by FII’s and 18.2 K  short contracts  were added  by FII’s. Net Open Interest increased  by 71.7 K contract, so todays fall was used by FII’s to enter longs in index futures 95% of Retail Forex Traders Lose Money – Is This Fact, or Fiction?

• Nifty saw a gap down opening made low exactly at Pyrapoint 90 degree line as we discussed in ourweekly analysis and saw a sharp bounceback in last hour. Also as per gunner we took support at green arc and saw a decent bounceback. For tomorrow 45 degree line @8345 will act as resistance and gunner horizontal line @ 8470 will be resistance in short term. Support exists at 8250, any close below 8250 opens scenario for revisit of 8000 again. 

 Nifty July Future Open Interest Volume is at 1.52 core with addition of 13.7 Lakh, with decrease in CoC suggesting longs  have entered in the system today.NF Rollover range @8357 should be kept close eye on,holding below bears are in control.

• Total Future & Option trading volume was   at 2.12  core with total contract traded at 6.8 lakh. PCR @1.04

• 8500  CE  OI at 31 lakh , wall of resistance @ 8500 .8000/8500 CE added 11.1 lakh so bears added in minor quantity on the first day of series. FII bought 47.4 K  CE longs and 3.5 K CE  were shorted by them.Retail bought 0.25 K CE contracts.

• 7900 PE OI@ 58.2 lakhs so strong base @ 7900.  7900/8500 PE added 20.8  lakh so bulls added aggressively today even on a down day suggesting bulls are still in control of market . FII bought 56.3 K PE longs and 20.5 K PE were shorted by them.Retail bought 0.87 lakh PE contracts.

• FII’s sold 711 cores in Equity and DII’s bought 906  cores in cash segment.INR closed at 63.85

• Nifty Futures Trend Deciding level is 8256 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8346 and BNF Trend Deciding Level 17992 (For Intraday Traders) BNF Trend Changer Level (Positional Traders) 18251 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .

Buy above 8330 Tgt 8365,8380 and 8414 (Nifty Spot Levels)

Sell below 8300 Tgt 8280,8250 and 8232 (Nifty Spot Levels)