Nifty reacts from gann resistance close below 7767,EOD Analysis


  • FII’s bought 6.6 K contract of Index Future worth 437 cores ,6.2 K Long contract were added by FII’s and 0.03 K  short contracts were liquidated by FII’s. Net Open Interest increased  by 5.8 K  contract, so today’s fall in market was used by FII’s to enter long and  exit shorts in  Index futures.Four Multi-Millionaire Traders Share Their Thoughts On Trading
  • As discussed   Bulls need to close above 7858 for next move towards 7979 else market can come down to retest 7767 where price action needs to be seen . Weekly Closing below 7767 will not go down well with bulls and more time we stay below 7767 more is the probability of market revisiting 7539 and breaking below it. Bank Nifty reacts from gann resistance,EOD Analysis

Nifty Gunner


  • Nifty December Future Open Interest Volume is at 1.86 core with liquidation of 4.2 Lakh with increase in CoC suggesting short  position were closed today. Nifty closing below rollover cost 7896.
  • Total Future & Option trading volume was   at 2.21 Lakh core with total contract traded at 1.4  lakh , PCR @0.88.VIX fall  after the FED Event is over so OTM Option Buyers saw premium crashing.
  • 8000  CE  OI at 83.7 lakh , wall of resistance @ 8000 .7600/8000 CE  added 15.4 lakh in OI as bears added aggressively  in 7800/8000 CE.FII sold 22 K CE longs and 24 K shorted CE were covered by them .Retail bought 53.2 K CE contracts and 19 CE were shorted  by them.Retailer now having bullish bias in the event and market corrected.
  • 7500 PE OI@54 lakhs  strong base @ 7500. 7600/8000 PE  liquidated 9.5 lakh so bulls ran for cover as nifty unable to coss above the supply zone of 7860.FII sold 7 K PE longs and 5.4 K shorted  PE were covered  by them .Retail sold 10.5 K PE contracts and 19.4 K  PE were shorted  by them.
  • FII’s sold 7 cores in Equity and DII’s sold  405 cores in cash segment.INR closed at 66.4

Buy above 7785 Tgt 7815,7840 and 7866 (Nifty Spot Levels)

Sell below 7730 Tgt 7701,7660 and 7625 (Nifty Spot Levels)

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One Comment

  1. Nimesh said:

    Can you please tell whether retail traders stop loss orders can be seen by operators & they hunt it down?

    December 19, 2015

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