Nifty near Murry Line Support, FII FnO Analysis

By | April 25, 2015

FII

  •  Nifty again formed a lower low @8273 which was near to last swing low of 8269 and also near its 200 DMA. Biggest Problem with our market is World Markets are trading at life highs but Indian market are trading at 1 Month low suggesting their is some intrinsic problem with Indian market showing so much under performance. Also we have taken 3 times support near the Murry Math Line so if 4 time 8269 gets broken which can see move towards 8124 odd levels. Gunner also suggests we are entering the next quadrant so another 150/200 point possible if 200 DMA gets broken. Monday Price action is very crucial as this will be expiry week so need to be cautious.

Nifty MML

Nifty Gunner

  • Nifty April Future Open Interest Volume is at 1.95 core with liquidation of 8.2 lakhs with increase in cost of carry suggesting  short position got closed.
  • Total Future & Option trading volume was   at 3.31  core with total contract traded at 5.2 lakh. PCR @0.81.
  • 8500  CE  OI at 51.1  lakh , wall of resistance @ 8500 .8200/8400 CE saw addition of 18.6 lakhs ,so  bears who added aggressively in and added 132 lakh in past 7 trading session, so bears are still adding on to positions. FII bought 27.9  K  CE longs and 1.8 K CE  were shorted  by them.
  • 8300 PE OI@ 50.4  lakhs so strong base @ 8300.  8400/8600 PE liquidated 16.8  lakh so bulls are stuck with panic still no addition seen in PE .  FII bought 2.6 K PE longs were squared off  and 17.1 K PE  were shorted  by them.

OI

  • FII’s sold 276 cores  in Equity and DII’s bought 559  cores in cash segment.INR closed at 63.3 lowest level in 2015.

 

Buy above 8331 Tgt 8360,8388 and 8413 (Nifty Spot Levels)

Sell below 8273 Tgt 8247,8190 and 8108(Nifty Spot Levels)

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23 thoughts on “Nifty near Murry Line Support, FII FnO Analysis

  1. Bramesh Post author

    yes thats one of the possible scenario

  2. karna

    ,Brahmeshji, Has the PC open ineterst /ITM anything to with levels of nifty and bank nifty, I am thinking the recent correction was due to that there are lot of longs in the market, prior the correction from 8880 and obviously writers cannot end in huge loss. And it the current juncture too the ITM of Puts outweigh the ITM of Calls. So we are finding the same levels and dangling around DMA 200.

    If so, can we expect bullishenss after this expiry.

  3. sibsankar

    Sir,as per Ichimoku if the price is below the cloud then how to get the support ?

  4. sibsankar

    Thanks a lot Sir for allowing right click and also for the session of ‘ STOP LOSS ‘. Lots of thanks again.

  5. Bramesh Post author

    Why earthquake will impact stock market ?

  6. Ajit

    Bramesh Ji,

    As we all know very well that Stock Mkt is very sensitive to calamity either it is natural or man made. So do you think the current earthquake will shake the NSE & BSE also badly on monday?
    Please shed some light.

  7. Rajiv sahani

    Sir,whats ur view on bhel,canara Bank,as last week u were giving indicators for these stocks(till this settlement). Thanks

  8. mohitjain

    Any body can not catch bottom nd top like you as you catch many time top in stocks nd nifty in stoks top century bharat foerg auropharma etc nifty also topped out your label 8850 now

  9. mohitjain

    Brmesh ji in my 8year experianc your weekly prediction the best in my view many blue chenl analisest can not cach mood of the markt you pick mkt moode one week before 95% your label will creckt any small investor whch fallow your bloge can not make loss thanks your analises is best I saute you

  10. vipul

    THE “WILL” TO SUCCEED IS IMPORTANT,
    BUT WHAT,S MORE IMPORTANT IS THE
    “WILL” TO PREPARE AND STAY DISCIPLINED.
    This is what bramesh sir teaches
    PLAN YOURS TRADE
    TRADE YOURS PLAN…….
    THANKS BRAMESH A LOT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  11. Bramesh Post author

    Dear Prasant,

    If you are not disciplined every tool will fail. Its human nature to look for excuses to hide their weakness.

    Rgds,
    Bramesh

  12. prasant

    Gunner failed. Now it’s the turn of Murray to fail, right

  13. gaurav

    Brameshji, which is the best technical indicator as per ur experience to predict direction

  14. Bramesh Post author

    Thanks a lot Sir !! We all Salute the market.

    Rgds,
    Bramesh

  15. Bramesh Post author

    As that level is very far we have change the TC level.

  16. manoj nagurkar

    hi bramesh yesterday nf trend changer level 8616 and monday nf trend chang level 8406. so diffrence between 210 point.so any correction

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