Nifty Bulls waiting to close above 7058,EOD Analysis

By | March 1, 2016

FII

  • FII’s bought 13.3 K contract of Index Future worth 668 cores ,0.8 K Long contract were liquidated by FII’s and 14.1 K short contracts were liquidated by FII’s. Net Open Interest decreased  by 14.9 K contract, so Budget day rally/fall in market was used by FII’s to exit long and  exit shorts in  Index futures. Impact of the Union Budget on the Indian Stock Market
  • As discussed in last analysis . As we have Budget on Monday move above 7058 will see quick move towards 7141/7252. On Downside break of 6930 can see move towards 6860/6830. Nifty moved above 7058 but unable to do target of 7141/7252, but downside break of 7930 did target of 6860/6830, Low made was 6825 :). We can see another big move today, levels remains the same close above 7058 Move towards 7141/7252  Bank Nifty bounces from gann support on Budget day,EOD Analysis

Supply Demand_Weekly

  • Nifty March Future Open Interest Volume is at 1.80 core with liquidation of  4.4 Lakh with decrease in cost of carry suggesting long position were closed today, Rollover stands at 54 % and Rollover cost @7179.
  • 7500  CE  OI at 51 lakh , wall of resistance @ 7500 .7000/7300 PE  added 26 lakh so bears added aggressively above 7200 .FII bought  27.6  K CE longs and 34.5 K CE were shorted by them .Retail bought 67.8 K CE contracts and 25.2 K CE were shorted  by them.
  • 7000 PE OI@49 lakhs having the highest OI strong support at 7000 . 7000/6800 PE  added 13 lakh so bulls trying to form a based around 7000.FII bought 15.5 K PE longs  and 5.7 K PE were shorted  by them .Retail bought 28.4 K PE contracts and 39 K  PE were shorted  by them.
  • FII’s sold 2018 cores in Equity and DII’s bought 1445 cores in cash segment.INR closed at 68.41

Buy above 7020 Tgt 7050,7080 and 7112 (Nifty Spot Levels)

Sell below 6960 Tgt 6920,6860 and 6830 (Nifty Spot Levels)

8 thoughts on “Nifty Bulls waiting to close above 7058,EOD Analysis

  1. RAJMOHAN

    TODAY ALSO TDL 7058 LONG ROCKING / CHOPAD ZINDABAD

  2. Bramesh Post author

    Buying at 7156 does not make sense as its above the TC level by 130 points.. Best is wait for next trade opportunity as and when it comes..

  3. Avadhut

    According to your post quick move in nifty in second half of the day if we hold 7141or7150 goes to 7250

  4. Avadhut

    Hi am avadhut Today I buy 7300call can i go long for target 7200 or book profit or what is stop-loss for nifty?

  5. Bramesh Post author

    Yes sir SL got triggered today and now longs take are in Profit of almost 75 points

  6. Maid Pradip

    YESTARDAY I VAN TAKE POSITIONAL NIFTY SELL 7020 SL 7053 BUT ITS OPEN HIGH CAN SQ UP MY POSITION AGAIN BUY…OR WAIT

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