Nifty unable to break gann line with 50 BPS cut,EOD Analysis


  • FII’s sold 30.6 K contract of Index Future worth 519 cores ,12.6 K Long contract were squared off by FII’s and 17.9 K  short contracts  were added of by FII’s. Net Open Interest increased  by 5.3 K contract, so today’s rise in market was used by FII’s to enter both long  and shorts in  Index futures  Secrets of successful Intraday Trading
  • As discussed in last analysis Again 7767 demand area will play crucial role tomorrow. Any close below the same will increase portability of nifty hitting 7539 and below. Holding the same can see bounceback till 7958 so 7767 should be watched closely tomorrow.  Nifty opened gap down well below 7767 touched the gann arc as shown below and after RBI cut interest rate jumped up but still unable to close above the gann trendline. 7958 is supply zone should be watched in coming 2 days.

Nifty Gunner

Supply Demand


  • Nifty October Future Open Interest Volume is at 1.88 core with addition of 2.2 Lakh with  decrease in CoC suggesting short position have added today. Rollover cost @7940 for October series, Nifty Future still unable to close over this.
  • Total Future & Option trading volume was   at 2.74  Lakh core with total contract traded at 9.2  lakh . PCR @0.87 Live SGX Nifty chart from 6:30-11:30
  • 8200  CE  OI at 37.3  lakh , wall of resistance @ 8200 .7700/8200 CE added 28.3 lakh in OI so bears added aggressively even after a 50BPS cut  .  FII bought 95.9 K CE longs and 14.2 K CE were shorted  by them.Retail bought 46.1  K CE contracts and 108 K CE were shorted by them.
  • 7500 PE OI@ 37  lakhs  strong base @ 7500.  7600/8200 PE  added 16.9 lakh so bulls also adding in 7800/7700 PE making base stronger at lower level. FII bought 103  K PE longs and 6.4K PE were shorted by them .Retail bought 63 K PE contracts and 111 K PE were  shorted by them.

Buy above 7830 Tgt 7863,7900 and 7931 (Nifty Spot Levels)

Sell below 7800 Tgt 7780,7750 and 7710 (Nifty Spot Levels)

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  1. Amit said:

    The index future numbers in the beginning is for all the indexes ? Never realized that.

    September 30, 2015
  2. Bramesh said:

    Nope they can enter both long and shorts ..

    LOng in Bank Nifty future short in NF. Pair trade its called.

    September 30, 2015
  3. Thanks bramesh ji. If fii squared off long, then they only entered shorts in index futures. Please correct

    September 30, 2015

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