Nifty near gann support,EOD Analysis

By | February 25, 2016

FII

  • As discussed in last analysis Nifty closed below 7058 suggesting we can see down move till 6934/6900 range where we have the next gann arc as shown below , Nifty made low of 6961 and closed near 6970, near the gann confluence of trend line and just above the green arc. Holding the same we can see bounce back till 7058/7110. Break of green arc can see nifty moving towards 6830/6800 range.   Bank Nifty does Gann target,EOD Analysis

Nifty Gunner

  • Nifty March Future Open Interest Volume is at 1.86 core with addition of  44.9  Lakh with increase in cost of carry suggesting long position were closed today, Rollover stands at 65 % and Rollover cost @7147

 

  • FII’s sold 1465 cores in Equity and DII’s bought 807 cores in cash segment.INR closed at 68.71

Buy above 6990 Tgt 7015,7034 and 7061 (Nifty Spot Levels)

Sell below 6960 Tgt 6942,6915 and 6870 (Nifty Spot Levels)

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11 thoughts on “Nifty near gann support,EOD Analysis

  1. Bramesh Post author

    Dear Sir,

    Need to backtest on your analysis.. Will do work on it and update you .. Thanks for sharing.

  2. Bramesh Post author

    2 time Sl triggered no further trade to be taken.. We have Budget session coming up so market will remaing choppy before a big move by Tuesday..

  3. Harvender Arora

    it was expiry day, Fiis unwinding stands 104776 contracts of index future longs while 37750 contracts of index future shorts were reduced . Unable to understand, from where you took these numbers ( mentioned in your note) Sir ? ok, I got it, these are expiry eve numbers, please correct…thnx

  4. fan

    Dear champ have noticed one thing/phenomenon.. on 31/12/2015 almost all mainstream large and mid cap stocks closed well above crucial levels.after which sell of started,i hve noticed that stocks fall mon to wed and thursday but friday(weekly closing ) all go up and close above long term crucial supports.what does this indicate ,is this a recurring pattern/phenomenon which points out somethng ?

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