Will Nifty Hold support of 7582-7545,EOD Analysis


  • FII’s sold 13.1 K contract of Index Future worth 769 cores ,8.9 K Long contract were liquidated by FII’s and 4.1  K short contracts were added by FII’s. Net Open Interest decreased  by 4.7  K contract, so fall in Nifty market was used by FII’s to exit  long and  enter shorts in  Index futures.The Confident Trader
  • 7582/7546 should be watched in next 2 days, we have majot gann swing date on 07-08 april as per time analysis.  Now the support is near 7546-7519 range and resistance around 7684 so market can swing in both the levels for sometime before making the next major move. Will Bank Nifty hold gann arc for next 2 days,EOD Analysis

Supply Demand_Weekly


  • Nifty April Future Open Interest Volume is at 1.71 core with liquidation of  0.70 Lakh with increase in cost of carry suggesting short position were closed today, NF  Rollover cost @7740, broken it.
  • 8000  CE  is having Highest OI  at 84.1 lakh, resistance at 8000 .7500/8000 CE  added 28.3 lakh so bears gave blow out punch to bulls  added in range of 7700/7800 .FII bought 2.8 K CE longs and 18.1 K CE were shorted  by them .Retail bought 38  K CE contracts and 24.8 K CE were shorted  by them.
  • 7500 PE OI@56.4 lakhs having the highest OI strong support at 7500. 7000-7600 PE added 15.7  Lakh in OI so strong base near 7500/7400 .FII bought 6.8 K PE longs  and 4.3  K PE were shorted  by them .Retail bought 28.4  K PE contracts and 23.1 K PE were shorted  by them.
  • FII’s sold 493 cores in Equity and DII’s sold 258 cores in cash segment.INR closed at 66.65

Buy above 7643 Tgt 7665,7680 and 7710 (Nifty Spot Levels)

Sell below 7580 Tgt 7550,7525 and 7495 (Nifty Spot Levels)

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  1. Rakesh Rathee said:

    Avadhhut bhai according trading session nifty can be move , not leval,yaha se nifty buy . appox recent high 7778 breake up. 7891.then sell nifty . traget hai 4may 2016 (not leval)

    April 7, 2016
  2. @Avadhut,

    Waiting = Trading.

    Patience a key virtue of trading learnt from many masters

    April 7, 2016
  3. Avadhut said:

    Hi’ good morning sir, yesterday nifty trade in 7638 to 7590 range so in that case how to trade nifty for intraday according u r buy and sell suggestions level. Nifty neither break 7744 or7580? Please suggest me.

    April 7, 2016

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