Nifty continue to struggle between gann angles,EOD Analysis


  • FII’s bought 658 contract of Index Future worth 23 cores ,227 Long contract were squared off  by FII’s and 935  short contracts  were squared off by FII’s. Net Open Interest decreased  by 1.2 K contract, so today’s rise  in market was used by FII’s to exit both long and  shorts in  Index futures. The importance of failure in succeeding at trading
  • As discussed in last analysis  Nifty was unable to break yesterday high and 90 degree angle bears use this as opputunity to break on downside and nifty fall down to touch 135 degree angel and also gann arc, closing below this can see nifty moving towards 7630/7539. Holding the green arc another move towards 7820/7885. Nifty opened with gap up after holding the 135 degree line and than move up again till 90 degree line and also held on to its gann arc and bounced for 3 time in a row. Now 7885 should be watched going above it can see move towards 7937. On Downside break of 7810 again will revisit yesterday low.Bank Nifty reacts from gann trendline,EOD Analysis

NIFTY - Pyrapoint

Nifty Gunner


  • Nifty November Future Open Interest Volume is at 1.71  core with liquidation of 9.6 Lakh with increase in CoC suggesting short position were closed today.NF closed below the  Rollover cost @8294
  • Total Future & Option trading volume was   at 2.82 Lakh core with total contract traded at 1.71 lakh , PCR @0.86. Live SGX Nifty chart from 6:30-11:30
  • 8000  CE  OI at 63.6 lakh , wall of resistance @ 8000 .7800/8200 CE  liquidated 31.6 lakh in OI as bears ran for cover as market reversed yesterday loss .FII bought 16.5 K CE longs and 35.3 K shorted CE were covered  by them.Retail sold 75 K CE contracts and 1.5 K CE were shorted were by them.
  • 7700 PE OI@ 61.3 lakhs  strong base @ 7700. 7500/7900 PE  added 30 lakh so bulls added aggressively suggesting till 7700 not broken market could have formed short term bottom .FII sold 4.8 K PE longs and 8.5 K PE were shorted by them .Retail bought 51.8 K PE contracts and 24.7 K  PE were shorted  by them.
  • FII’s sold 343 cores in Equity and DII’s bought 234 cores in cash segment.INR closed at 66.18.

Buy above 7855 Tgt 7876,7910 and 7955 (Nifty Spot Levels)

Sell below 7820 Tgt 7790,7765 and 7735 (Nifty Spot Levels)

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One Comment

  1. Thakur said:

    Please elaborate the timing of the booking profit. What? parameters do you apply Please explain in your article.

    November 20, 2015

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