Nifty in T20 mode, Hit 3 centuries back to back,EOD Analysis

By | March 3, 2016

FII

  • FII’s bought 4.9 K contract of Index Future worth 259 cores ,9.4 K Long contract were added by FII’s and 4.5 K short contracts were added by FII’s. Net Open Interest increased  by 13.9 K contract, so  rally in market was used by FII’s to enter long and  enter shorts in  Index futures. How to Maintain Trading Journal
  • As discussed in last analysis   Nifty is now trading in top gear trading from gap to gap, Now as we have closed above 7350, close above 7406 is required for the next target of 7600 as per Alternate BAT pattern and supply demand analysis. Strong support at 7250-7280 zone. Nifty has hit 3 centuries in a row now now we need a close above 7512 for move towards 7556/7601. Support in range of 7360/7380 range. Do remember overbought market can remain overbought for prolonged period of time, Just market is overbought does not mean go and short it.  Bank Nifty closes above 15136,EOD Analysis

Supply DemandAlternate BAT_Nifty

  • Nifty March Future Open Interest Volume is at 2.13 core with addition of  13.7 Lakh with decrease in cost of carry suggesting short position were added today, NF closed above Rollover cost @7147. Nifty rallied 300 points above Rollover cost
  • 7500  CE  OI at 51.3 lakh , wall of resistance @ 7500 .7100/7500 CE  liquidated 5.2 lakh so bears ran for cover in 7100/7200 CE .FII bought  26.7  K CE longs and 5 K shorted  CE were covered by them .Retail sold 12.5 K CE contracts and 24.4 K CE were shorted  by them.
  • 7000 PE OI@70.1 lakhs having the highest OI strong support at 7000 . 7000/7400 PE  added 42 lakh so bulls trying to form a based around 7100/7200.FII bought 5 K PE longs  and 30.6 K PE shorted were by them .Retail bought 76.1 K PE contracts and 19.5 K  PE were shorted  by them. Retailers buying PE and getting whipped everyday.
  • FII’s bought 911 cores in Equity and DII’s sold 464 cores in cash segment.INR closed at 67.35

 

Buy above 7486 Tgt 7504,7533 and 7560 (Nifty Spot Levels)

Sell below 7450 Tgt 7370 ,7350 and 7310 (Nifty Spot Levels)

6 thoughts on “Nifty in T20 mode, Hit 3 centuries back to back,EOD Analysis

  1. Bramesh Post author

    NF is trading in discount due to dividend pay out of Nifty companies. See Stocks Futures of most of Nifty companies are trading in discount which is reflected in NF

  2. Bramesh Post author

    NF is trading in discount due to dividend pay out of Nifty companies. See Stocks Futures of most of Nifty companies are trading in discount which is reflected in NF

  3. PankajM

    Would like to know the same reason of Nifty Future DISCOUNT to the SPOT is it due to such a HUGE move that FII are BUY in CASH (HUGE) and SELL in Index (HUGE) for hedging or is it that its a BEAR TRAP and indicating DUMB retailers who to short more averaging and they will then take it to 7700 eating up the premium of 7200-7300-7400 put till Long Mar16 expiry. Pls explain or correct up the abv details – as per my understanding of the “discount”. Thanks PM

  4. abhaydeepdubey

    Thank you bramesh ji for your excellent analysis.

    any particular reason we are viewing this as alternate bat pattern and not shark pattern? the ratios seem to match.

  5. shiva

    Dear sir FII’s are in buying equity and in index future also. But nifty future trading in discount, how is this sir, plz reply sir…..

Leave a Reply