Nifty rallies above 7058,EOD Analysis

By | March 1, 2016

FII

  • 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 Black SwanBig Rally

  • 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.
  • 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

Buy above 7250 Tgt 7276 ,7293 and 7323 (Nifty Spot Levels)

Sell below 7220 Tgt 7200 ,7165 and 7140 (Nifty Spot Levels)

14 thoughts on “Nifty rallies above 7058,EOD Analysis

  1. Bramesh Post author

    Thanks Sir.. Just using my studies which i learnt in course of Journey.. Respect market !!

  2. Prakash

    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

  3. Avadhut

    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!

  4. pushparaja

    will you pls said which charting tool did u use.. would you refer me?

  5. RAJMOHAN

    SUPPLY / DEMAND CHARTS ARE PROVEN TO BE MORE POWERFUL

    THANKS BRAMESHJI

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