- FII’s sold 23.7 K contract of Index Future worth 641 cores, 16.5 K Long contract were squared off FII’s and 7.2 K short contracts were added by FII’s. Net Open Interest decreased by 9.2 K contract ,so FII’s squared off long and added shorts in Index Futures in volatile session of trade.
- Nifty closed in red after 7 day of rise , it was a roller coaster ride for market today but was able to close above the hourly trendline resistance. Gann Box was unable to cross the yellow line and corrected back to green line. Nifty has been rangebound in the range of 8800-8900 in past 2 session expect a good move once this range gets resolved. As per Quant analysis We had 83 point correction today which is less than 109 which happened on 19 Feb so till correction are in this range market will continue with current uptrend any correction larger than 109 suggests the current trend is over.
- Nifty Future Feb Open Interest Volume is at 2.29 core with liquidation of 19 lakhs out of which 15 lakh got rollovered in March series.
- Total Future & Option trading volume was at 3.34 core with total contract traded at 5.4 lakh. PCR @0.93.
- 9000 CE OI at 73 lakh with addition of 12.1 lakh so wall of resistance @ 9000 getting stronger.8500/8800 CE liquidated 1.4 lakhs so bears are still liquidating, 8900 CE added 7.7 and 17 lakh added in this week so 8900 will add as big resistance and gap up can take off that. FII bought 1 K CE and 12.6 K CE were shorted by them.
- 8800 PE OI@ 43 lakhs so strong base @ 8800. 8900 PE saw liquidation of 2.8 so bulls have started liquidating so fight for 8800/8900 will get resolved by Tuesday . FII bought 10.8 K PE and 5 K shorted PE were covered by them.
- FII’s sold 89 cores in Equity and DII bought 204cores in cash segment.INR closed at 62.14.
- Nifty Futures Trend Deciding level is 8872 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8797 and BNF Trend Deciding Level 19170 (For Intraday Traders) BNF Trend Changer Level (Positional Traders) 19390.How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 8850 Tgt 8883,8913 and 8933 (Nifty Spot Levels)
Sell below 8816 Tgt 8800,8766 and 8750 (Nifty Spot Levels)
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Bramesh ji,
As of now it is from the high the fall is 120 pts. If it cuts 8748 then as per your theory whether the uptrend is over.
As Bramesh ji said, expect a big move by coming Tuesday. In a bull market, more correction means more momentum.
Bramesh ji calls oi suggesting that very difficult that nifty to cross 8900 in this srees nd fii solding calls nd acumleting puts what is your view on expire ???
Greece deal of some sorts + Indian markets to open on budget day – hope it sugars well on Monday
There was a bullish Engulfing candle( bullish ) on weekly charts last weeks closing.This week its an doji (neutral candle).And on daily charts its bearish engulfing today on 20/02/2015 ..what to predict now …
Bramesh ji , kindly put some light on how to use On Balance Volume and Guess the Market
You rarely predict, Pl stick with that. Because your last prediction of nifty crossing all time high boomeranged.
Dear Gopi,
It was based on fast rise retracement, and it did not meet the expected target as analyzed within the stipulated time frame.
Now keeping this 1 case in consideration if you think i should stop analyzing that not possible. I will keep doing it and will keep improving my analysis.
Rgds,
Bramesh
Bramesh Ji,
if time permits, can you please suggest where yellow line (index) will be on Monday and Tuesday.
Thanks
8925 NS
hi,
regd. the 109 point correction you mentioned. today it was 83 pts 8889 – 8813.
what should be trigger point for more than 109 pts fall in case mkt. high remains at 8860 on monday ?
from the high calculate 109 points.
Monday’s opening — Gap Up or Gap Down —- Min 100 points…
Greece news