- As discussed in Last Analysis Support is again at 7550 and resistance in range of 7780-7800. High made today was 7777, as nifty reacted from demand zone, Nifty has risen 767 points in March series and formed a hammer pattern on Quarterly chart, As seen in below chart nifty has corrected for 4 quarters in a row and it has happened 3 time before, and every time market has rallied, Will History repeat itself needs to be seen. Bank Nifty forms doji near supply zone, EOD Analysis
- Nifty April Future Open Interest Volume is at 1.88 core with addition of 46.7 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover stands at 58.2 % Rollover cost @7740. Nifty rallied 650 points above Rollover cost
- Total Future & Option trading volume was at 6 Lakh core with total contract traded at 1.7 lakh , PCR @0.92, .How To Identify Market Tops and Bottom
- 8000 CE is having Highest OI at 41.9 lakh, resistance at 8000 and support at 7500.
- FII’s bought 4056 cores in Equity and DII’s sold 2890 cores in cash segment.INR closed at 66.24
- Nifty Futures Trend Deciding level is 7790 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 7790, After 1 March only 1 trade generated by TC level and has rewarded TC followers with almost 600 points, How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 7742 Tgt 7770,7803 and 7850 (Nifty Spot Levels)
Sell below 7700 Tgt 7672,7645 and 7610 (Nifty Spot Levels)
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VERY NICELY STUDIED AND EXPLAINED ABT QUARTERLY CHARTS.SIR,
I HOPE NIFTY WILL CORRECT TILL 7500 AND THEN RISE TILL 8000 IN APRIL
Sir above article i am not understanding according to this quarter the market should fall or rise
It should rise
NIFTY FALLS
Dear Sir,
I have given a quarterly chart which means am talking from quarter perceptive not from intraday perceptive..
For Intraday use the intraday levels mentioned
sir what is the rollover cost for this month.It is not mentioned.
Its mentioned please read the article.
Is it ideal to take long positions now? Considering there will be a rate cut.
Follow levels not news. Be reactive not predictive.
I wish there is a like or share button to this post!!!!
Masterji,
I might be wrong but the TC level is printed 7790 instead of 7690 and the same goes with the Positional Trader also.
Regards
Sam
Dear Samji,
Its correct. 7790 is TC level for both Intraday and positional.
Thank you Masterji my apologies..
No Apologies 🙂 Thanks
FII’s buy figures are gigentic hope they are eying 0.50+ basis point rate cut in rbi policy. All dips are entry level in market in next 2 trading session.
Follow levels not news should be funda of trader.