Nifty rallies after crossing 7250 with gap,EOD Analysis

By | March 3, 2016

FII

  • FII’s bought 25 K contract of Index Future worth 1188 cores ,20.3 K Long contract were added by FII’s and 5.1 K short contracts were liquidated by FII’s. Net Open Interest increased  by 15.1 K contract, so  rally in market was used by FII’s to enter long and  exit shorts in  Index futures. Are you Loss Making Trader?
  • As discussed in last analysis  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. 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. Many traders have called me and told we made very good money and want to share some of their Profits with me, My request to all traders who get benefited with analysis is to donate part of  profits to poor and needy. Please accept my apologies on delay in updating analysis as i get lot of call and sms, why not updated in night, got stuck with some work will try to updated before  Bank Nifty reacts furiously after crossing gann trendline,EOD Analysis

Alternate BAT_NiftyNifty Supply zone cross gap up

  • Nifty March Future Open Interest Volume is at 1.99 core with addition of  13.6 Lakh with decrease in cost of carry suggesting short position were added today, NF closed above Rollover cost @7147. Nifty rallied 200 points above Rollover cost
  • 7500  CE  OI at 50.2 lakh , wall of resistance @ 7500 .7100/7500 CE  liquidated 14 lakh so bears ran for cover in 7100/7200 CE .FII bought  60 K CE longs and 5 K shorted  CE were covered by them .Retail sold 42 K CE contracts and 29.5 K CE were shorted  by them.
  • 7000 PE OI@66 lakhs having the highest OI strong support at 7000 . 7000/7400 PE  added 43 lakh so bulls trying to form a based around 7000/7100.FII bought 41.4 K PE longs  and 27.4 K PE shorted were by them .Retail bought 46.8 K PE contracts and 15 K  PE were shorted  by them.
  • FII’s bought 1437 cores in Equity and DII’s bought 593 cores in cash segment.INR closed at 67.54

Buy above 7425 Tgt 7468,7500 and 7525 (Nifty Spot Levels)

Sell below 7400Tgt 7370 ,7350 and 7310 (Nifty Spot Levels)

20 thoughts on “Nifty rallies after crossing 7250 with gap,EOD Analysis

  1. Bramesh Post author

    Till 7350 its normal correction, only close below 7240 trend will change.

  2. Ram Nene

    Divyesh , Minimize your loss , Sell 5 or more put lots of 7100 or 7000 Nifty march series.

  3. Bramesh Post author

    Let it first finish the upward journey than we will see downward journey

  4. Bramesh Post author

    Bearish only on close below 7350 till than its buy on dips market.

    Rgds,
    Bramesh

  5. Bhuvi

    Thanks so much for ur response…and this is Ms :))

  6. Vamsi

    As it completed alt Bat pattern will Nifty continue downward journey??

  7. Divyesh

    Sir I’m holding 7250 puts 5 lots
    I wanna know will mrkt come down till 7200 in March expiry or I shud exit and book the loss ??

    Pls guide me

  8. Manurika agarwal

    Thank you.. Please confirm the author..I can find this book by author Tony plummer

  9. Bramesh Post author

    Dear Sir.

    These are intraday levels

  10. Bhuvi

    Mr Bramesh, i am a beginner and reading ur blog for the first time..found it very interesting..but i have quick question for u
    when u say “Buy above 7425”, can we buy when the nifty spot crosses 7425 or we have to buy when the day close is above 7425 spot ?
    please let me know
    thanks so much for sharing ur analysis.

  11. subramaniam

    read the sentence as “arbitrage trade square off” word off was missed in my earlier post

  12. subramaniam

    today nifty future has gone into a discount vs spot while it was in a premium as of yesterday. same goes for some bank (private/psb) that i follow. Not seen futures in discount so early in a series vs spot rates, does this mean arbirtrage trade square which normally happens around expiry has already happened? please explain this aspect,

  13. Bramesh Post author

    Dear Sir,

    Please read this

    The Law of Vibration: The Revelation of William D. Gann

    Rgds,
    Bramesh

  14. Manurika Agarwal

    Bramesh ji, if possible , please suggest some books on gann theory & methology.

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