Nifty forms ABCD Pattern,EOD Analysis


  • FII’s bought 18.7 K contract of Index Future worth 958 cores ,15 K Long contract were added by FII’s and 3.6 K short contracts were liquidated by FII’s. Net Open Interest increased  by 11.4 K contract, so fall in market was used by FII’s to enter long and  exit shorts in  Index futures.Market is going against me, but unable to cut my loses
  • As per below chart nifty has formed a BULLISH ABCD pattern near so if 7323 is held we can see bounceback till 7579/7610/7654 in short term , Short covering rally will be fast and furious. Nifty has corrected 637 so short covering rally cannot be ruled out, our levels are 7323/7300 should be held for the rally to take place. Another level to keep an eye on is 7230. Bank Nifty heading towards gann arc,EOD Analysis

Nifty Harmonic

  • Nifty January  Future Open Interest Volume is at 2.12 core with liquidation of 13.7 Lakh with increase in cost of carry suggesting short position were added today . Nifty  rollover cost 7930 close below it saw sharp decline
  • 7700  CE  OI at 62  lakh , wall of resistance @ 7700 .7400/8000 CE added 30 lakh in OI as bears added position in  7500 and 7400 CE seems like emotional selling looking at IV’s in Options .FII bought 8.9 K CE longs and 15 K CE were shorted by them .Retail bought 61.5 K CE contracts and 4.5 K CE were shorted  by them.Retailers have been buying CE and are losing heavily.
  • 7300 PE OI@67.8 lakhs  strong base @ 7300. 7300/8000 PE  liquidated 11 lakh so bulls again got knock out punch from bears as 7400 was broken.FII bought 14 K PE longs and 13.7 K PE were shorted by them .Retail sold 3.2 K PE contracts and 12.7 K  PE were shorted  by them.
  • FII’s sold 1203 cores in Equity and DII’s bought 1122 cores in cash segment.INR closed at 67.68

Buy above 7385 Tgt 7420,7440 and 7463 (Nifty Spot Levels)

Sell below 7330 Tgt 7305,7260 and 7230 (Nifty Spot Levels)

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  1. suresh said:

    Hi Bramesh Ji,

    For the stocks you are giving stoploss level. how to trade with Nifty for example buy above 7385. If nifty is trading 1 to 2 mins above 7385 we can take the poistion in Nifty.
    What will be the stop loss for this postion. 7380 kind of levels or we need to keep 10 to 20 points.
    Please suggest sir.


    January 19, 2016
  2. vaibhav shah said:

    Do u mean markets are up till 25 feb or fed dat ie 18 march ??..not clear with your above message Rajveer

    January 19, 2016
  3. Rajveer said:

    Thank you for the analysis, close to a bottom for a relief rally to fed day end of the month, then down again after that

    January 19, 2016

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