Nifty near gann support, will it hold FII FnO Analysis


  • FII’s sold 84.7 K contract of Index Future worth 1771 cores ,55.1 K Long contract were squared off by FII’s and 29.5 K  short contracts  were added  by FII’s. Net Open Interest decreased  by 25.5 K contract, so today’s fall in market was used by FII’s to exit long and enter  shorts in index futures .Want to be Profitable Trader,Develop the following Qualities
  • Nifty finally broke the range on downside, Nifty has broken its weekly trendline on downside need to see if tomorrow close is below it and also near gann box support as shown in below chart so 8300/8315 becomes and important levels to be watched tomorrow.

NIFTY - Weekly Trendline

NIFTY - Gann Box

  • Nifty August Future Open Interest Volume is at 1.46  core with addition of 2.4 Lakh, with increase in CoC suggesting  short  positions got added today.NF Rollover price came at 8503 and NF close below it.
  • Total Future & Option trading volume was   at 3.41 core with total contract traded at 5.7 lakh . PCR @0.91.
  • 8600  CE  OI at 57.5 lakh , wall of resistance @ 8600 .8400/8800 CE added 37 lakh in OI so bears added aggressively today in 8400 /8500 CE.  FII sold 1 K CE longs and 16.2 K CE were shorted  by them.Retail bought 298 K CE contracts and 72.8 K CE were shorted  by them.
  • 8200 PE OI@ 62.6  lakhs  strong base @ 8200.  8300/8600 PE  liquidated 33  lakh so major liquidation was seen in  8400/8500 PE still bulls are holding  and 67  lakh from start of series . FII bought 50 K PE longs and 234 PE were shorted by them.Retail sold 206 K PE contracts and 6.5 K PE contracts were shorted by them.

Buy above 8350 Tgt 8375,8390 and 8411 (Nifty Spot Levels)

Sell below 8321 Tgt 8300,8270 and 8250 (Nifty Spot Levels)

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  1. naleep gupta said:

    i have a question, as lic broke 460 and tgt met now came back again at 460, what should i do, sell again with sl or wait for it to go above sl and then break 460 to sell with momentum

    August 21, 2015
  2. Rohan said:

    Sgx nifty at 8331 currently….hence i think a gap down expected tomorrow…plus dow jones in deep red

    August 20, 2015
  3. Everyday I see your levels and I think they are pretty good.
    Can I request you to explain me when closing was on 8372 and your levels are of 8350 to buy above. What should one do ? Do you see a gapdown / gapup ?

    August 20, 2015
  4. Preet said:

    Weekly chopad levels played perfectly this week. Below 8546 achieved all three downside tgts. Kudos for providing such analysis and keep up the good work as always.

    August 20, 2015
  5. mamashri said:

    Thanks guruji

    August 20, 2015

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