- FII’s bought 15 K contract of Index Future worth 706 cores ,12.2 K Long contract were added by FII’s and 2.8 K short contracts were liquidated by FII’s. Net Open Interest increased by 9.4 K contract, so rally in market was used by FII’s to enter long and exit shorts in Index futures. Why majority of traders lose?
- As discussed in last analysis We can see another big move today, levels remains the same close above 7058 Move towards 7141/7252, High made today was 7235 near Black Swan pattern 3 target, Now close above 7250 is required for next move till 7317/7460. Support in range of 7150-7170, 6830 is important gann support and combined with gann time lead to lethal move Nifty rallying highest in past 7 years in absolute terms. Bank Nifty rally above gann trend line,EOD Analysis
- Nifty March Future Open Interest Volume is at 1.85 core with addition of 5.2 Lakh with decrease in cost of carry suggesting short position were closed today, NF closed above Rollover cost @7147.
- Total Future & Option trading volume was at 2.41 Lakh core with total contract traded at 2.3 lakh , PCR @0.97, .How To Identify Market Tops and Bottom
- 7500 CE OI at 52.8 lakh , wall of resistance @ 7500 .7100/7500 CE added 1.5 lakh so bears added aggressively above 7400/7500 CE .FII bought 61.5 K CE longs and 34.5 K shorted CE were covered by them .Retail sold 48.8 K CE contracts and 34.4 K CE were shorted by them.
- 7000 PE OI@60 lakhs having the highest OI strong support at 7000 . 7200/6800 PE added 45 lakh so bulls trying to form a based around 7000.FII bought 38.6 K PE longs and 17.7 K PE shorted were by them .Retail bought 64.4 K PE contracts and 38 K PE were shorted by them.
- FII’s bought 1761 cores in Equity and DII’s bought 317 cores in cash segment.INR closed at 67.86
- Nifty Futures Trend Deciding level is 7168 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 7061 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 7250 Tgt 7276 ,7293 and 7323 (Nifty Spot Levels)
Sell below 7220 Tgt 7200 ,7165 and 7140 (Nifty Spot Levels)
U r really a perfect technical analyst!
Thanks Sir.. Just using my studies which i learnt in course of Journey.. Respect market !!
Thank u sir for your great help
Brahmesh, u had mentioned that FII has covered 34.5k CE which were shorted by them. Can u please recheck, I am getting a different number. per my calculation 7 lot is what I get. (286 k EOD 29/2 vs 279K EOD 1/3). Thanks
sure will do that..
Hello sir today’s nifty future is lower level than spot nifty so what is meaning for nifty?either nifty goes high or low and percentage change is1.52for nifty future sir please help me!
Please read this http://www.brameshtechanalysis.com/2013/03/discount-and-premium-in-nifty-futures/
SIR U R TCL IS RATE HIGH BOTH INTR AND POSITIONAL HW TO TAKE POSITION
No Level = No Trade
will you pls said which charting tool did u use.. would you refer me?
Ninjatrader..
u use motivewave also sir ?
yes sir
SUPPLY / DEMAND CHARTS ARE PROVEN TO BE MORE POWERFUL
THANKS BRAMESHJI