Nifty near gann arc,FII FnO Data Analysis

By | October 24, 2015

FII

  • FII’s bought 62.3 K contract of Index Future worth 1850 cores ,36.2 K Long contract were added by FII’s and 26 K  short contracts  were liquidated by FII’s. Net Open Interest increased  by 10.1 K contract, so today’s rise in market was used by FII’s to enter long and  exit shorts in  Index futures How to develop yourself as Profitable trader
  • Nifty took support at gann line  but struggling to cross the green arc as shown below and above that the horizontal line at 8313/8321 range which is also point where harmonic ABCD pattern will get invalidated , The current rally from the low of 7539 is the biggest rally in percentage term as Nifty is up almost 9%  or 744 points from low. 8313 is important zone of resistance Nifty was unable to close above it on Friday, closing above it can see Nifty moving towards 8380/8420 odd levels. Support at 8220/8204 range .Bank Nifty close shy of 17950,EOD Analysis

Nifty Gunner

  • Nifty October Future Open Interest Volume is at 1.85 core with liquidation of 5.1 Lakh with  increase in CoC suggesting short position were closed today.
  • Total Future & Option trading volume was   at 2.34  Lakh core with total contract traded at 3.5  lakh . PCR @1.07, bulls getting overconfident. Live SGX Nifty chart from 6:30-11:30 http://sgxrtchart.blogspot.in/
  • 8300  CE  OI at 55.1 lakh , wall of resistance @ 8300 .7700/8300 CE  liquidated 16.9  lakh in OI so bears used the rise to cover their position, we got early indication as Bulls was using fall to cover position.  FII sold 18.5 K CE longs and 8.2 K shorted CE were covered by them.Retail bought 17.6 K CE contracts and 31.4 K CE were shorted by them.
  • 8200 PE OI@ 54 lakhs  strong base @ 8200. 8300/8400  PE  added 11 lakh so bulls added position in today’s rise suggesting all dips coming will be bought by bulls till 8200 PE is not broken . FII sold 13.2 K PE longs and 2.7 K shorted PE were covered by them .Retail bought 48.8 K PE contracts and 3.5 K shorted  PE were covered by them. Retailers buying PE and going short in CE suggesting bearish bias which is opposite to FII bullish bias.
  • FII’s bought 229  cores in Equity and DII’s sold 156 cores in cash segment.INR closed at 64.82.

 

Buy above 8322  Tgt 8348,8369 and 8390 (Nifty Spot Levels)

Sell below 8298 Tgt 8275,8255  and 8230 (Nifty Spot Levels)

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7 thoughts on “Nifty near gann arc,FII FnO Data Analysis

  1. Bramesh Post author

    Close Above 8321 ABCD pattern gets invalidated

  2. Chetan patel

    Sir can u pls enlighten on how the figure of 36.2 K Long contract were added by FII’s and 26 K short contracts were liquidated Was arrived

  3. Timiri P Venkat

    Nifty took support at gann line but struggling to cross the green arc as shown below and above that the horizontal line at 8313/8321 range which is also point where harmonic ABCD pattern will get invalidated

    Is that means high probabiity of closing above 8321, to validate ABCD pattern sir?

  4. Deepakmvr

    If nifty crosses 8412 and closes above coming week the long term bull run should stay intact , However should it break 8134 and a close below that coming week we might see new lows below 7600 . this is my view . Ramesh I take a bow for ur work hopefully one day I might be able to analyze like u . keep up the good work .. Cheers…

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