Nifty heading towards gann line,EOD Analysis


  • FII’s bought 2.3 K contract of Index Future worth 154 cores ,8.6 K Long contract were added by FII’s and 6.3 K short contracts were added by FII’s. Net Open Interest increased  by 15 K contract, so rally  today in Nifty market was used by FII’s to enter majority  long and  enter shorts in  Index futures. Trade Psychology Rules to Follow
  • Nifty closed above the supply zone of 7512 and now heading towards the next zone of 7554, close above 7554 will signal move towards 7600/7634. Zone of 7554-7634 is very crucial. Support is in range 7400-7380. Bank Nifty Bulls again hold 15136 ,EOD Analysis

Nifty Holding arc heading towards gann line

  • Nifty March Future Open Interest Volume is at 2.25 core with liquidation of  4.1 Lakh with decrease in cost of carry suggesting short position were closed today, NF closed above Rollover cost @7147. Nifty rallied 300 points above Rollover cost
  • 7500  CE  OI at 63.8 lakh , wall of resistance @ 7500 .7000/7500 CE  liquidated 4.3 lakh so bears ran for cover in 7200/7300 CE .FII bought 14.4  K CE longs and 450 CE were shorted  by them .Retail bought 19.5 K CE contracts and 10.1 K CE were shorted  by them.
  • 7000 PE OI@64.1 lakhs having the highest OI strong support at 7000 . 7000/7400 PE  added 5.2 lakh so bulls trying to form a based around 7100/7200.FII bought 10.1 K PE longs  and 10.1 K shorted PE were by them .Retail bought 3.5 K PE contracts and 6.3 K  PE were shorted  by them.
  • FII’s bought 462 cores in Equity and DII’s sold 823 cores in cash segment.INR closed at 67.21

Buy above 7540 Tgt 7572,7595 and 7615 (Nifty Spot Levels)

Sell below 7490 Tgt 7460 ,7430 and 7390 (Nifty Spot Levels)


  1. SUBHADIP DAS said:

    Thank you sir for your guide. I love to read your advice. I like to buy some swing trade stocks.

    March 10, 2016
  2. alkesh said:

    Also this red line & gann green lines meeting at 7560 around.. can market cross those lines? what is your opinion?

    March 10, 2016
  3. alkesh said:

    excellent details sir. I always start my day after reading this. Do you publish on whatsApp? my no is 7738119840.

    March 10, 2016
  4. SK said:

    Sir, trend reversal started? Are we in wave 5 of long term charts

    March 9, 2016

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