Nifty Forming CYPHER Harmonic Pattern,EOD Analysis


  • FII’s sold 9.5 K contract of Index Future worth 559  cores ,8.7 K Long contract were liquidated by FII’s and 820 short contracts were added by FII’s. Net Open Interest decreased  by 7.8 K contract, so fall in market was used by FII’s to exit long and  enter shorts in  Index futures.Think Less & Keep It Simple

Nifty Harmonic

  • Nifty January  Future Open Interest Volume is at 2.08 core with addition of 0.99 Lakh with decrease in cost of carry suggesting short position added today . Nifty  rollover cost 7930 close below it saw sharp decline
  • Total Future & Option trading volume was   at 2  Lakh core with total contract traded at 1.01  lakh , PCR @0.77.
  • 8000  CE  OI at 60.8  lakh , wall of resistance @ 8000 .7800/8400 CE  added 12 lakh in OI as bears added aggressively in 7900/8000 CE at the start of the series.FII bought 19.3 K CE longs and 22.6 K CE were shorted by them .Retail bought 18.7 K CE contracts and 17 K CE were shorted  by them.
  • 7500 PE OI@56.5 lakhs  strong base @ 7500. 7500/8000 PE  added 5.6 lakh so bulls added at lower levels .FII bought 14.3 K PE longs and 4 K PE were shorted by them .Retail bought 20.3 K PE contracts and 22.4 K  PE were shorted  by them.
  • FII’s sold 352 cores in Equity and DII’s bought 13 cores in cash segment.INR closed at 66.83

Buy above 7710 Tgt 7750,7787 and 7830(Nifty Spot Levels)

Sell below 7670 Tgt 7645,7625 and 7600 (Nifty Spot Levels)

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  1. aajdaz said:


    January 7, 2016
  2. bramesh ji, can you please post the updated supply demand chart? It seems like the cypher pattern has become invalid now. Will it be forming the shark pattern next?

    January 7, 2016
  3. Yogesh Bhatia said:

    Bramesh ji, Thanks for the analysis. Please check for FII CE/PE Buy Sell numbers. They seem to be yesterdays numbers.

    January 7, 2016

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