- FII’s bought 29.3 K contract of Index Future worth 1679 cores ,32.5 Long contract were added by FII’s and 3.2 K short contracts were added by FII’s. Net Open Interest increased by 35.8 K contract, so rise in Nifty market was used by FII’s to enter long and enter small shorts in Index futures.RICH DENNIS: A GUNSLINGER NO MORE
- As discussed in last analysis As we have last trading day of the week tomorrow close above 7740 which is an important gann number will be bullish in short term and can make sure we break the important resistance zone of 7840-7850 next week, 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. Bank Nifty gives breakout above 16000,EOD Analysis
- Nifty April Future Open Interest Volume is at 1.62 core with addition of 13.4 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @7740, Nifty future opened above it and rallied
- Total Future & Option trading volume was at 3.03 Lakh core with total contract traded at 1.9 lakh , PCR @0.84, Trader’s Resolutions for the New Financial Year 2016-17
- 8000 CE is having Highest OI at 72.3 lakh, resistance at 8000 .7500/8000 CE liquidated 50.5 lakh so bears liquidated in major quantity as we closed above 7777 .FII bought 31.7 K CE longs and 53 K shorted CE were covered by them .Retail sold 89.2 K CE contracts and 13.2 K CE were shorted by them.
- 7500 PE OI@46.5 lakhs having the highest OI strong support at 7500. 7000-7900 PE added 53 Lakh in OI so strong base near 7500 and upcoming base near 7700/7600 .FII bought 46.6 K PE longs and 22.4 K PE were shorted by them .Retail bought 56.6 K PE contracts and 28.6 K PE were shorted by them.
- FII’s bought 644 cores in Equity and DII’s bought 269 cores in cash segment.INR closed at 66.64
- Nifty Futures Trend Deciding level is 7855 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 7698 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 7900 Tgt 7921,7950 and 7978 (Nifty Spot Levels)
Sell below 7850 Tgt 7830,7800 and 7777 (Nifty Spot Levels)
Follow on Facebook https://www.facebook.com/Brameshs-Tech-14011718268586