Nifty form bullish ABCD,BAT harmonic pattern,FII FnO Data Analysis

By | June 13, 2015

FII

  • FII’s sold 10.5 K contract of Index Future worth 120 cores ,16 K Long contract were added by FII’s and 26.6  K  short contracts  were added  by FII’s. Net Open Interest increased  by 42.7 K contract, so todays small rise was used by FII’s to add both shorts and long in index futures. The Trader’s Mindset Leap from unprofitable to Profitable trader
  • Nifty after 8 months gave a weekly close below 8000 but bounced from the demand zone of 795-7930 and close above 7962.Bank Nifty has formed DOJI on weekly charts near important support, suggesting Bank Nifty has formed short term bottom. Also from 15 June we are entering new time cycle which should be bullish. Nifty again try to close above the Gunner  gann line, if we see follow up move on Monday we can see fast and furious up move on next 2 days. Also Nifty has completed 2 crucial harmonic pattern ABCD and BAT pattern both are bullish if 7930 is held.

Nifty Gunner

Nifty Harmonic

BN Weekly Time Analysis

 

  • Nifty June Future Open Interest Volume is at 1.66 core with addition of 0.66 Lakh, with increase in CoC suggesting longs have entered  in system
  • Total Future & Option trading volume was   at 1.96  core with total contract traded at 4.6 lakh. PCR @0.73 again reached the oversold zone.
  • 8500  CE  OI at 52.3 lakh , wall of resistance @ 8500 .8000/8400 CE added 5.3 lakh  ,so  bears added today  in small quantity still holding 1.16 core in open position. FII bought 23.5 K  CE longs and 18 K CE  were shorted   by them.Retail bought 0.20 lakh CE contracts.
  • 7900 PE OI@ 50  lakhs so strong base @ 7900.  8100/8500 PE liquidated 6.6  lakh so bulls surrender completely . FII bought 19 K PE longs and 2.8 K PE were shorted  by them.Retail bought 0.56 lakh PE contracts.
  • FII’s sold 670 cores   in Equity and DII’s bought 705 cores in cash segment.INR closed at 64.06.

 

Buy above 8000 Tgt 8028,8060 and 8100 (Nifty Spot Levels)

Sell below 7950 Tgt 7918,7895 and 7856 (Nifty Spot Levels)

 

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26 thoughts on “Nifty form bullish ABCD,BAT harmonic pattern,FII FnO Data Analysis

  1. Bramesh Post author

    Thanks for ur view and analysis.

    We trade on levels, with neutral bias

  2. Bramesh Post author

    Views are always welcome, as its help in improving me and the readers.

    Rgds,
    Bramesh

  3. somnath

    Raajjesh, this is a temple for learning, layman like me welcomes healthy discussions from any quarters which throw open other views and enriching reply from Bramesh. It is implied that the market is for the optimists and the participants have a positive bend of mind. Please welcome other views too for the benefit of people like me and leave it to them to pick up the grain from the shaff.

  4. Sukhdeep

    Sree Krishna,
    If that’s your view really, what are you doing on this blog ? A person with your view should be reading fundamental analysis, not waste time on such blogs.
    regards,
    Sukhdeep

  5. saravanan

    as per my view 8120-8160 is stiff resistance
    on closing basis

  6. saravanan

    i think mkt in weekly bottom we need some pull back that’s why it is bullish

  7. GANGADHARA RAI

    Bramesh and Srikrishna, I think it is better further not to elaborate this issue. For me, it looks like Srikrishna’s comment is not to undermine your research. In fact it is (your research) so exhaustive and it is up to trader and investor to take it.

  8. maulik

    yup bro 8960 also swing there 2 close below it change some view else bounce possible from here . 🙂
    thanks big b for ur valuable research

  9. Bramesh Post author

    My only request do not make fun of studies.

    Views will and should be diffrent and there is always room for improvement.No one is perfect.

  10. Bramesh Post author

    I do not like anyone making fun of studies. The way u told dbca pattern it offended me. No one is right in market but it does not give us right to make fun of studies.

    I never say anyone to blindly follow my analysis.I always say use them as input to your trading plan.

    Rgds,
    Bramesh

  11. Priya

    All your articles are enriching, endearing and rewarding.Relentless efforts to change the mind set from black to white is really laudable.Is there a yardstick to measure the value of your time and efforts? Your overall view makes one to trade and not to speculate.
    Regards and Best wishes.

  12. VPS

    Is this not a bullish Butterfly, rather than a Bat pattern? I am not trying to question your judgement, but seeking a clarification, since the D point is at a 1.374XA extension.

  13. Raajjesh Shinde

    Bramesh Sir
    So many people reading your blog is a testimony to the respect your knowledge has. Please do not concern yourself with people who give their views. I m pretty sure those views are not for you but to impress the other followers you have here.
    I have been a follower of your blog for years and so have others and with experience we have known how right you always have been
    Once again thank you for the hard work and effort you put in,in sharing your knowledge with all of us
    Regards
    Raj

  14. Suraj

    You are doing a good job but everyone has his views. You cannot stop anyone from coming to your site nor can you change their views.

  15. himanshu

    Yes weekly rsi also near to support levels but in all respect 8300 will provide stiff resistance

  16. jeejo raveendran

    Around 7930 or even one more leg below 7930 around to 7850 to 7929 nifty may be making a short term low before a rise or pull back near to the niftys 200 DMA. But has to watch this herculean resistance will be crossed with ease or struggle to clear that. Then only to confirm the bullish pattern till then the trend remains only a bearish & cautiously bullish if any pull back from the short term low bottom Forming shortl. Brakesh ur view on will nifty crosses the 200 DMA Once nifty forms a short term bottom?

  17. Bramesh Post author

    Sree Krishna ,

    I do not like people who do not pay respect to other studies. Mind your language next time you write a comment.

    If you do not like studies of others just ignore it do not make fun.

    RGds,
    Bramesh

  18. rajveer

    Great stuff as always. Yes also bullish divergences on the RSI. We could head beck to 8200 and higher levels soon. However the death cross of 50 dma crossing below 200 dma implies resistance at 8300.

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