Nifty Bulls held on 7850, EOD Analysis

By | April 19, 2016

FII

  • FII’s bought 10.6 K contract of Index Future worth 631 cores ,3.6 Long contract were added by FII’s and 7 K short contracts were liquidated by FII’s. Net Open Interest decreased  by 3.4 K contract, so rise in Nifty market was used by FII’s to enter  long and  exit shorts in  Index futures.Do You Fear Missing Out?
  • As discussed in last analysis  Nifty closed just at 7850, Now we need to see 7950/7972 range closing above it will see market moving towards 8100/8250 as per gann analysis. Support at 7600. Low made was 7842 and close above 7914, also closed above 200 DMA. Now if we close above 7950/7972 range can see quick move towards 8100. Bearish only on close below 7850. Bank Nifty held on 16000,EOD Analysis

Daily Gunner

Support

 

  • Nifty April Future Open Interest Volume is at 1.58 core with liquidation of  3.5 Lakh with decrease in cost of carry suggesting short  position were added today, NF  Rollover cost @7740, Nifty future opened above it and rallied
  • 8000  CE  is having Highest OI  at 74.4 lakh, resistance at 8000 .7500/8000 CE  liquidated 7 lakh so bears liquidated  as we closed above 7850 .FII bought 2.2 K CE longs and 110 shorted  CE were covered by them .Retail sold 11.9  K CE contracts and 13.2 K CE were shorted  by them.
  • 7800 PE OI@55.5 lakhs having the highest OI strong support at 7500. 7500-8000 PE added 52 Lakh in OI so strong base near 7800 and upcoming base near 7600 .FII bought 6.2 K PE longs  and 2.3  K  shorted  PE were covered by them .Retail bought 76.6 K PE contracts and 49.7 K PE were shorted  by them.
  • FII’s bought 977 cores in Equity and DII’s sold 313  cores in cash segment.INR closed at 66.55

Buy above 7980 Tgt 8020,8050 and 8078 (Nifty Spot Levels)

Sell below 7940 Tgt 7920,7900 and 7864 (Nifty Spot Levels)

Follow on Facebook https://www.facebook.com/Brameshs-Tech-14011718268586

11 thoughts on “Nifty Bulls held on 7850, EOD Analysis

  1. Bramesh Post author

    yes thats correct understanding.. Please do paper trading for atleast 1 month before taking any live trade..

  2. Bramesh Post author

    means they booked profit in long calls and they shorted fresh 13.2 K CE

  3. Pradeep Mangatani

    Dear Bramesh, I am a regular follower of your blog and I feel it is very good. I was interested in the Gann Arc chart afl which you have used above for Amibroker. Could you help with that. Kindly let me know. Thanks!!

  4. Ram Nene

    Sirji ,
    Retail sold 11.9 K CE contracts and 13.2 K CE were shorted by them. means ??
    FII’s bought 977 cores in Equity and DII’s sold 313 cores in cash segment , cash and equity segment same rt ??

  5. samira

    Sir nifty spot level or closing of monday is 7914.. And buy level is 7980 and sell level is 7940..,so how to trade.. ?? Spot level is already below sell level

  6. Rajesh Jangid

    Bramesh sir,I am new in stock market..how trade nifty spot level price between 7940>>7980…& Once trade above 7980..what is stop loss…once first trg come 8020…than we book one lot & remaining one lot…stop loss where we place..please guide sir…now i am learning stage..

  7. Rajesh Jangid

    Nifty Futures Trend Deciding level is 7895 correct..or not..7995

Leave a Reply