Will Nifty invalidate shark pattern ,EOD Analysis

By | January 12, 2016

FII

  • FII’s sold 4.2 K contract of Index Future worth 248 cores ,1.4 K Long contract were added by FII’s and 5.6 K short contracts were added by FII’s. Net Open Interest increased  by 7.1 K contract, so fall in market was used by FII’s to enter long and  enter shorts in  Index futures.Understanding Market Sentiment
  • Nifty Shark pattern again came to rescue for bulls  as market again got sold off trading near 18 months low 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.  Bank Nifty near 18 month low,EOD Analysis

Nifty Harmonic

  • Nifty January  Future Open Interest Volume is at 2.17 core with liquidation of 1.7 Lakh with decrease in cost of carry suggesting long position closed today . Nifty  rollover cost 7930 close below it saw sharp decline
  • Total Future & Option trading volume was   at 2.05 Lakh core with total contract traded at 1.5 lakh , PCR @0.80.
  • 8000  CE  OI at 70 lakh , wall of resistance @ 8000 .7600/8000 CE  added 21 lakh in OI as bears added aggressively in 7700/7800 CE .FII bought 2.6 K CE longs and 20.4 K CE were shorted by them .Retail bought 60 K CE contracts and 10.5 K CE were shorted  by them.
  • 7500 PE OI@59.9 lakhs  strong base @ 7500. 7500/8000 PE  liquidated 8 lakh so bulls ran for cover .FII bought 22.4 K PE longs and 2.9 K PE were shorted by them .Retail sold 6.3 K PE contracts and 10.5 K  PE were shorted  by them.
  • FII’s sold 540 cores in Equity and DII’s bought 141 cores in cash segment.INR closed at 66.86

Buy above 7530 Tgt 7560,7600 and 7629 (Nifty Spot Levels)

Sell below 7490 Tgt 7470,7445 and 7430 (Nifty Spot Levels)

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10 thoughts on “Will Nifty invalidate shark pattern ,EOD Analysis

  1. Bramesh Post author

    Very nice sir !! Practices makes a man perfect

  2. Bramesh Post author

    Dear Sir,

    I am not super genius just a follow of this market and shared my analysis. I am happy my analysis helped u in taking trades.

  3. dnshukla

    GE, Thanks for your indepth updates. Today I read your article 10 times specially for today and when this fall started. Tried to understand deeply your knowledge. Corelated with trade like a chamellion. Came to the conclusion that you are super genius and your analysis is amazing. I salute you. Will be meeting you in near future.

  4. Ragv

    Hi bramesh Ji
    Coul d you pls help us in trading options in a more better way

  5. RAJMOHAN

    WE ALSO AWAIT YOUR ARTICLES ON OPTION GREEKS – USEFUL FOR OPTION TRADERS

    I USE THETA – TIME DECAY FACTOR FOR PROFIT IN OPTION SELLING BUT NOT MASTERED.

    THANKS BRAMESHJI

  6. Vijay

    Hello Bramesh !
    Sir I am not expert like You, But I was little confused How you have drawn Shark Pattern. How much Minimum ” B ” Point should Be in ratio of X-A Length in percentage wise? And How much Max C-D Length can Go. Please forgive me for asking so much basic things. Regard’s

  7. Vineet Nigum

    Thanks for the analysis Sir.

    It wud be of of great academic help if u can do an article on
    1) Why Chinese markets have fallen so steeply recently ?
    2) Impact of that on Indian markets and economy.

    Rgds

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