Will Nifty hold gann arc and Demand zone, EOD Analysis


  • FII’s bought 10.1 K contract of Index Future worth 553 cores ,2.7 K Long contract were added by FII’s and 7.3 K short contracts were liquidated by FII’s. Net Open Interest decreased  by 4.6 K contract, so fall in Nifty market was used by FII’s to enter  long and  exit shorts in  Index futures. How Long Does it Take to Consistent Income from Trading?
  • Nifty finally has a correction of more than 100 points, its a slow and steady fall we are seeing from past 2 session, as Nifty was unable to move above the gann trendline as shown in below chart,  Bulls need close above 7554 for a move towards 7634. Bears below 7400 for move towards 7350/7228 else it will be sideways move in small range.   Bank Nifty forms Inside Day pattern,EOD Analysis

Nifty resistance gann trendline

Supply Demand

  • Nifty March Future Open Interest Volume is at 2.15 core with liquidation of  1.6  Lakh with increase 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   is having Highest OI  at 70.9 lakh, resistance at 7500 .7000/7500 CE  added 4.5 lakh so bears again added in   7400/7500 CE .FII bought 6 K CE longs and 5.4 K CE were shorted  by them .Retail bought 23.8 K CE contracts and 10.7 K CE were shorted  by them.
  • 7200 PE OI@64.2 lakhs having the highest OI strong support at 7200 base becoming strong. 7200-7600 PE liquidated 2.3 Lakh in OI .FII bought 8 K PE longs  and 6.7 K shorted  PE were covered by them .Retail sold 9.1 K PE contracts and 11 K PE were shorted  by them.
  • FII’s sold 54  cores in Equity and DII’s sold 302 cores in cash segment.INR closed at 67.38

Buy above 7490 Tgt 7520,7554 and 7578 (Nifty Spot Levels)

Sell below 7450 Tgt 7430,7400 and 7370 (Nifty Spot Levels)

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One Comment

  1. Avadhut said:

    Hello sir if in fed meeting they can’t increase rate and if market close below 7475 then tomorrow according to u r Gann change date market goes to down side or upside

    March 16, 2016

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