Nifty bounce from SHARK PRZ zone,EOD Analysis

By | December 14, 2015

FII

  • FII’s bought 2.7 K contract of Index Future worth 164 cores ,8.4 K Long contract were added by FII’s and 5.7 K  short contracts were added by FII’s. Net Open Interest increased  by 14.1 K  contract, so today’s rise in market was used by FII’s to enter long and  enter shorts in  Index futures. Problems Created by Trading Loss

Nifty HarmonicSupply Demand

  • Nifty December Future Open Interest Volume is at 1.98 core with addition of 3.8 Lakh with increase in CoC suggesting long position were added today. Nifty closing below rollover cost 7896.
  • Total Future & Option trading volume was   at 1.97 Lakh core with total contract traded at 1.58  lakh , PCR @0.81.
  • 8000  CE  OI at 65.5 lakh , wall of resistance @ 8000 .7600/8000 CE  added 8.4 lakh in OI as bears added position at higher level most of addition was seen in 7800/7900 CE.FII bought 4.4 K CE longs and 10.3 K CE were shorted by them .Retail bought 5.7 K CE contracts and 9.6 K CE were shorted  by them.
  • 7500 PE OI@ 77.2 lakhs  strong base @ 7500. 7600/8000 PE  added 3.7 lakh so bulls added on 7600/7700.FII bought 36 K PE longs and 6.4 K PE were by shorted them .Retail bought 25.6 K PE contracts and 36.9 K  PE were shorted  by them.
  • FII’s sold 157 cores in Equity and DII’s bought 386 cores in cash segment.INR closed at 67.1.

Buy above 7664 Tgt 7692,7730 and 7767 (Nifty Spot Levels)

Sell below 7620 Tgt 7600,7580 and 7551 (Nifty Spot Levels)

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14 thoughts on “Nifty bounce from SHARK PRZ zone,EOD Analysis

  1. RAJMOHAN

    CONQUER THE SHARK BY MOVING CLOSELY WITH THE TREND AFTER US FED MTG

  2. Vijay

    Thank you for the clarification. Cheers and Prosperous Trading 🙂

  3. Bramesh Post author

    That was an earlier pattern, this is new pattern we have been discussing from past 5-6 days

  4. Vijay

    Ramesh,

    Didn’t the shark pattern get invalidated when breaking 7731? I remember having read that in an earlier post of yours.

  5. Aditya

    Sir..FII have open positions always so we can not decide to go long or short based on OI data…correct me if I m wrong….thnx

  6. Fadil

    Dear Sir,
    It would be helpful if you could provide the TD level in Nifty Spot.
    Thanks in advance.

  7. nikku

    nifty 7200 possible after fed. if yes then midcap and smallcap can fall upto 30% ???

  8. Rohit Patil

    Hello Sir

    Typo –

    so today’s rise in market was used by FII’s to enter long and enter shorts in Index futures.

    Should have “exit shorts”

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