Nifty Technical Set up before RBI April Policy


  • FII’s bought 1.4 K contract of Index Future worth 97 cores ,5.9 K Long contract were added by FII’s and 4.5 K short contracts were added by FII’s. Net Open Interest increased  by 10.4 K contract, so rise in Nifty market was used by FII’s to enter long and  enter shorts in  Index futures.Are you Victim of “Over Trading”
  • ,As per gann analysis 7741 will play crucial role in April series,Closing above it nifty can move towards 7968 below it 7519 is on cards. Today we closed above 7741 and now we need a close above gann arc for a move towards 7850/7968, Close below 7741 will be bearish in short term and nifty can correct till 7600/7519.  Bank Nifty took support near gann trendline ,EOD Analysis

Daily Gunner

  • Nifty April Future Open Interest Volume is at 1.87 core with addition of  2.5 Lakh with decrease in cost of carry suggesting short position were closed today, NF  Rollover cost @7740, Low made today was 7737
  • 8000  CE  is having Highest OI  at 63.7 lakh, resistance at 8000 .7500/8000 CE  added 15 lakh so bears added in range of 7900/8000 .FII bought 10 K CE longs and 12.5 K CE were shorted  by them .Retail bought 35  K CE contracts and 27.3 K CE were shorted  by them.
  • 7500 PE OI@48 lakhs having the highest OI strong support at 7500. 7000-7600 PE added 14.2  Lakh in OI so strong base near 7500/7400 .FII bought 11 K PE longs  and 12 K PE were shorted  by them .Retail bought 38 K PE contracts and 27.6 K PE were shorted  by them.
  • FII’s bought 236 cores in Equity and DII’s sold 333 cores in cash segment.INR closed at 66.20

Buy above 7781 Tgt 7800,7840 and 7888 (Nifty Spot Levels)

Sell below 7740 Tgt 7720,7685 and 7660 (Nifty Spot Levels)

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  1. Bramesh said:

    yes absolutely !!

    April 5, 2016
  2. prakashbkc said:

    Nifty Futures Trend Deciding level is 7770 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 7766 They are almost same & today going to open below it so it is short?????????

    April 5, 2016

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