Nifty: Important levels for trade day 13 April 2023

Apr 12, 2023

We are looking at hourly chart of Nifty.

Result season has officially begun with TCS results out

Let’s see what Data is telling us…

Index Futures
Retail traders squared off 7099 Long positions and added 10005 Short Contracts
FIIs added 7717 Long contracts and squared off 11004 Short Positions
Pro traders added 3776 Long contracts and squared off 1589 Short contracts

Index Call Option
Retail traders added 2.55 Lakh Call Long contracts and also added 2.59 Lakh Call Short Contracts
FIIs added 57.86 K Call Long contracts and added 78.23 K Call Short Positions
Pro traders added 1.30 Lakh Call Long contracts and added 1.06 Lakh Call Short contracts

Index Put Option
Retail traders added 6.43 Lakh Put Long contracts and added 5.29 Lakh Put Short Contracts
FIIs added 1.22 Lakh Put Long contracts and added 1.12 Lakh Put Short Positions
Pro traders added 1.95 Lakh Put Long contracts and added 3.20 Lakh Call Short contracts


Given the chart set up and Data inputs Important levels on Nifty spot for 13th April 2023

Important levels on the upside 17839 / 17872 / 17911
Important level on the downside 17743 / 17712 / 17678


In Nifty Futures, 17833 is key for Nifty Futures. Below that next level on Futures is 17766

Take care & safe trading..!!!