Nifty heading towards PRZ of 7550/7530,EOD Analysis


  • FII’s sold 15.9 K contract of Index Future worth 922 cores ,8.1 K Long contract were liquidated by FII’s and 7.7 K  short contracts were added by FII’s. Net Open Interest decreased  by 398  contract, so today’s fall in market was used by FII’s to exit long and  enter shorts in  Index futures. Motivational Real Life Stories: The secret to keep winning in life!!!!
  • As discussed yesterday  Trend will change once we close above 7767, till than Nifty can go all the way down till 7539 and below.  Nifty made high of 7703 and low 7575 near 7539 low. Many readers are confused on 2 harmonic analysis i have posted in past 2 session, Let me clarify so as not to confuse all, Harmonic Works on PRZ(Potential Reversal Zone) When we discussed Nifty forming  Bullish SHARK pattern its PRZ is near  7550, so price action near 7539/7550 needs to be watched to check the validity of this pattern, On the Similar Ground we need to see ABCD pattern also whose formation will get confirmed if Nifty close below 7539 levels and Nifty might move towards 7237-7300 where PRZ lies for ABCD pattern.Bank Nifty forms bearish engulfing pattern,EOD Analysis

Nifty Gunner

  • Nifty December Future Open Interest Volume is at 1.94  core with addition of 5.7 Lakh with decrease in CoC suggesting long position were closed today. Nifty closing below rollover cost 7896.
  • Total Future & Option trading volume was   at 2.06 Lakh core with total contract traded at 1.5  lakh , PCR @0.77.
  • 8000  CE  OI at 67.4 lakh , wall of resistance @ 8000 .7600/8000 CE  added 20 lakh in OI as bears added position at higher level most of addition was seen in 7600/7700 CE.FII bought 6.3 K CE longs and 8.4 K CE were shorted by them .Retail bought 43.3 K CE contracts and 15.9 K CE were shorted  by them.
  • 7500 PE OI@ 59.7 lakhs  strong base @ 7500. 7600/8000 PE  liquidated 4.9 lakh so bulls running for cover .FII bought 7.4 K PE longs and 1.7 K PE were by shorted them .Retail sold 10.5 K PE contracts and 7.4 K  PE were shorted  by them.
  • FII’s bought 254 cores in Equity and DII’s bought 293 cores in cash segment.INR closed at 66.88.

Buy above 7611 Tgt 7630,7660 and 7690 (Nifty Spot Levels)

Sell below 7575 Tgt 7554,7500 and 7450 (Nifty Spot Levels)

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  1. raj said:

    what is CoC? i am sorry to ask this question but could not get answer either on this blog or internet. Kindly explain,

    December 12, 2015
  2. Raj Alok said:

    Brahmesh ji, can you please elaborate on significance of 7767. Sorry if I missed any previously.

    December 12, 2015
  3. Bikash said:

    FII bought 254 crs in equity market I think, not sold. Plz check.

    December 12, 2015

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