Nifty closed at 9 days High, EOD Analysis


  • FII’s bought 7.5 K contract of Index Future worth 420 cores ,7.1 K Long contract were added by FII’s and 0.03 K short contracts were liquidated by FII’s. Net Open Interest increased  by 6.7 K contract, so rise in market was used by FII’s to enter  long and  exit shorts in  Index futures. How to Identify Fear in Trading

  • As discussed in last analysis  Nifty till holding 7850-7834 range we can see the move towards 7972/8000. Bearish only on close below 7800. Low made today was again 7849, highlighting the importance of 7850 and move up made high of 7916. So we are heading towards 7955/7972 range holding 7850, As I have been seeing we are seeing time correction On 02 May nifty closed at 7800 and today 12 May closed at 7900, so in 9 trading session we moved just 100 points, this is time correction trading in a range and eating premium of options.  Bank Nifty nearing 17000,EOD Analysis

Bank Nifty Supertrend

  • Nifty May Future Open Interest Volume is at 1.70 core with addition of 3.2 Lakh with increase in cost of carry suggesting long position were added today, NF  Rollover cost @7953, continue to trade below it.
  • 8000  CE  is having Highest OI  at 65.4 lakh, resistance at 8000 .7500/8000 CE  liquidated 2.3 lakh so bears covered what was added yesterday.FII bought 3.8 K CE longs and 0.03 K shorted CE were covered  by them .Retail sold 9.9 K CE contracts and 7.1 K CE were shorted  by them.
  • 7700 PE OI@57.1 lakhs having the highest OI strong support at 7700. 7200-7700 PE added 6.8Lakh in OI so strong base near 7500-7600 zone .FII bought 9.5  K PE longs  and 12.9 K PE were shorted  by them .Retail bought 55 K PE contracts and 26.8 K PE were shorted  by them. Retailers buying PE so we might break 7950.
  • FII’s bought 24  cores in Equity and DII’s bought 258 cores in cash segment.INR closed at 66.61

Buy above 7927 Tgt 7955,7972 and 7994 (Nifty Spot Levels)

Sell below 7880 Tgt 7860,7840 and 7820 (Nifty Spot Levels)

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  1. K Mohan said:

    When trading using trend changer levels, what will be the tentative targets for the trade.
    K Mohan.

    May 14, 2016
  2. Ashish Babhulkar said:

    any views on rec ltd

    May 13, 2016
  3. Bramesh said:

    8000 CE is wall of resistance

    May 13, 2016
  4. Ram Nene said:

    Is PCR 0.94 or 0.964 ? any way its very close

    May 13, 2016
  5. Ram Nene said:

    Sirji ,

    Open interest going up , Longs are getting build up , still PCR is at 0.94 i.e call writing is more than put writing? Any thoughts

    May 13, 2016
  6. AJAYA KUMAR said:

    image not matching.

    May 12, 2016
  7. Ankush said:

    Image is of bank nifty. Can you please update it.. Will be helpful.

    May 12, 2016

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