Nifty achieves triangle breakout target, How to trade next move ?


  • FII’s bought 26.9 K contract of Index Future worth 647 cores,20.9 K Long contract were added by  FII’s and 5.9  K  short contracts  were squared off by FII’s. Net Open Interest decreased  by 26.9 K contract so today’s intraday fall was used by FII’s to squared off  shorts  and add longs   in Index Future. Why 90% Traders fail in Trading ?
  • As discussed in last analysis Triangle pattern in hourly pattern as shown in below chart, has broken on upside, we need to see follow up move on Monday. Gunner is also entering new quadrant and pyrapoint analysis suggests Nifty is ready for an explosive move. Nifty meet the triangle target today of 8427 made exact high and saw a 100 points intraday dip. Gunner is still positive quadrant till holding above 1*1 gann line for bulls to get in momentum as per pyrapoint 8427 should be broken else dip towards 8228 is on cards.

nifty hourly

NIFTY - Pyrapoint


Nifty Gunner

  • Nifty May Future Open Interest Volume is at 1.36 core with liquidation of 0.02 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 2.79 core with total contract traded at 5.5 lakh. PCR @1 .04approaching overbought zone.
  • 8500  CE  OI at 50.9  lakh , wall of resistance @ 8500 .8100/8400 CE saw addition of 3.2 lakh  ,so bears did not add aggressively  but still holding 76 lakh open position. FII bought 22.8 K  CE longs and 25.2 K shorted  CE  were covered by them.Retailers also wrote 66K of CE position, So FII’s Buying CE and Retailers shorting CE.
  • 8000 PE OI@ 54.4  lakhs so strong base @ 8100.  8100/8400 PE liquidated 1.7  lakh so bulls are gaining ground  and holding 60 lakh open position.  FII bought 2 K PE longs and 0.06 K PE  were shorted  by them.
  • FII’s bought 48 cores  in Equity and DII’s bought 451 cores in cash segment.INR closed at 63.76


Buy above 8376 Tgt 8414,8456 and 8504 (Nifty Spot Levels)

Sell below 8320 Tgt 8300,8283 and 8231(Nifty Spot Levels)


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  1. girish shah said:

    again u and ur call ROCKS………

    May 20, 2015
  2. Bramesh said:

    Net OI is for participants not only FII. Its of FII/DII/Retails


    May 20, 2015
  3. vinesh kumar said:

    Net Open Interest decreased by 26.9 K contract so today’s intraday fall was used by FII’s to squared off shorts and add longs ———-Nifty May Future Open Interest Volume is at 1.36 core with liquidation of 0.02 lakhs with cost of carry going negative suggesting long position got closed

    bramesh ji two contararian comments , how do we interpreat whether longs are addad or closed in the system please explain

    May 20, 2015
  4. Amit said:

    We are in debt to you Thanks

    May 20, 2015
  5. Bramesh said:

    Thanks its corrected..

    May 20, 2015
  6. rajveer said:

    looks like a bear flag is forming on the daily chart, suggesting lower levels ahead,bullish short term set up for the India vix also which rebounded from much lower levels today suggesting some down side ahead as well.

    May 19, 2015
  7. Abhi said:

    Dear Bramesh Ji,
    Can you please check open interest addition in 8100/8400 puts, it should be liquidation of 1.7 lakhs.

    May 19, 2015
  8. Sumantra said:


    May 19, 2015

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