Nifty holds on to Shark Pattern,EOD Analysis


  • FII’s bought 6.2 K contract of Index Future worth 322 cores ,3 K Long contract were added by FII’s and 3.2 K short contracts were liquidated by FII’s. Net Open Interest decreased  by 230 contract, so fall in market was used by FII’s to enter long and  exit shorts in  Index futures.Trade Like a Chameleon
  • Nifty Shark pattern again came to rescue for bulls  as market again made a new low @7425 but still unable to close below 7503. Close below 7503 increases probability of Nifty going towards 7400/7118.Holding the same bounceback till 7610 and above that 7676. Bullish only on close above 7767.  Nifty moved Today 398 Points in 6 hours and might have formed a short term bottom which will get confirmed on weekly close above 7503. Bank Nifty forms DOJI and ABCD pattern,EOD Analysis

Nifty Harmonic

  • Nifty January  Future Open Interest Volume is at 2.22 core with addition of 4.1 Lakh with decrease in cost of carry suggesting short position closed today . Nifty  rollover cost 7930 close below it saw sharp decline
  • Total Future & Option trading volume was   at 3.85 Lakh core with total contract traded at 2.9 lakh , PCR @0.74.
  • 8000  CE  OI at 68.7  lakh , wall of resistance @ 8000 .7600/8000 CE  liquidated 7.5 lakh in OI as bears liquidated position in  7700/7800 CE .FII bought 20 K CE longs and 16.7 K CE were shorted by them .Retail sold 20 K CE contracts and 11.3 K shorted  CE were covered by them.
  • 7500 PE OI@57 lakhs  strong base @ 7500. 7500/8000 PE  liquidated 7.2 lakh so bulls ran for cover in 7500/7800 .FII bought 11 K PE longs and 3 K PE were shorted by them .Retail bought 12.4 K PE contracts and 9.1 K  PE were shorted  by them.
  • FII’s sold 75 cores in Equity and DII’s bought 618 cores in cash segment.INR closed at 66.84

Buy above 7565 Tgt 7590,7625 and 7675 (Nifty Spot Levels)

Sell below 7520 Tgt 7490,7460 and 7430 (Nifty Spot Levels)

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  1. Bramesh said:

    very nice 🙂

    January 14, 2016
  2. Har vender Arora said:

    Dear Bramesh…plz check and correct this sentence…so fall in market was used by FII’s to enter long and enter shorts in Index futures. ( fiis reduced 3255 contract index short futures while added 3025 contracts of index future longs )

    January 14, 2016
  3. Bramesh said:

    Thanks for sharing your view.. We use FII data in conjunction with our TA to get the best out of the trades

    January 14, 2016
  4. Bramesh said:

    Thanks a lot !!

    January 14, 2016
  5. Sb said:

    Hii Bramesh. Appreciate your helping nature. Usually experts don’t share their techniques but you belong to unique group of people who has great heart. Keep it up buddy.

    January 14, 2016
  6. Dhananjay said:

    Bramesh if you will check complete setup of calls and purs by fiis then the possibility of nifty going down is more.

    More than futures its call long and put long data which is important in my opinion. Your views on the same please.

    January 14, 2016
  7. sandipdesai said:

    bramesh sir .. one think .. how can we maintain stoploss in nifty … plzzz

    January 14, 2016
  8. Bramesh said:

    Pleas read the post

    January 13, 2016

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