Nifty near gann trendline,EOD Analysis


  • Dear All, I got caught up with some urgent, unavoidable work, which kept me away from posting on site from last 2 days, I thanks all my lovely readers for their concern via different means of communication. Inconvenience caused is regretted.
  • FII’s sold 4.7 K contract of Index Future worth 293 cores ,3.1 K Long contract were liquidated by FII’s and 1.6 K short contracts were added by FII’s. Net Open Interest decreased  by 1.4 K contract, so fall in market was used by FII’s to exit long and shorts were added in  Index futures.Cella Quinn from Dishwasher to President of Investment Firm
  • As we have been discussing about Time correction (Where Price remains in a small range over a period of time) in past few analysis, Nifty closed on 02 May @7805 and today close was 7783 so we have moved just 22 points in last 13 trading sessions. We are again near to gann trendline as shown in chart below, holding the same bounceback till 7900. Break below the same and close below 7777  can see nifty going till 7678/7546 in coming session Its one of the difficult phases for trend followers as market moving in no clear trend but such phases makes a trader strong both emotionally and mentally, traders who pass such phases without much loss of capital will be rewarded handsomely by market in coming time. Best way to trade market is Buy support sell resistance till the range of 7972-7678 is not broken.  Bank Nifty move 22 points in 13 trading session,EOD Analysis

Bank Nifty Supertrend

daily trendline

  • Nifty May Future Open Interest Volume is at 1.64 core with addition of 4 Lakh with decrease in cost of carry suggesting short position were added today, NF  Rollover cost @7953, High made on 17 May was 7957 and we are down almost 180 points from 7953 which was rollover cost.
  • 8000  CE  is having Highest OI  at 98.3 lakh, resistance at 8000 .7500/8000 CE  added 59.7 lakh so bears added aggresively today as bulls were not able to protect 7850 .FII sold 9.4 K CE longs and 12.8 K CE were shorted by them .Retail bought 122 K CE contracts and 42.5 K CE were shorted  by them.
  • 7700 PE OI@56.7 lakhs having the highest OI strong support at 7700. 7300-7800 PE liquidated 14.6 Lakh in OI so strong base near 7500-7600 zone .FII bought 9.5 K PE longs  and 7.9 K PE were shorted by them .Retail sold 32 K PE contracts and 6.9 K PE were shorted  by them.
  • FII’s sold 764 cores in Equity and DII’s bought 1484  cores in cash segment.INR closed at 67.36

Buy above 7810 Tgt 7830,7850 and 7877 (Nifty Spot Levels)

Sell below 7766 Tgt 7741,7720 and 7700 (Nifty Spot Levels)

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  1. Bramesh said:

    Dear Sir,

    When you purchased these shares did you have SL or TGt is mind. Professional traders are working for you to do mistake and they can earn out of your losse.

    3 lakh you lost use that experience as a learning tool and spend time on learning the tricks of trade rather than blindly doing trades.


    May 23, 2016
  2. Bramesh said:

    Its Nifty Future level

    May 21, 2016
  3. lalit said:

    brahmesh sir, Nifty Futures Trend Deciding level is 7822
    thsi means nifty future level for intraday trading or nifty cash level
    pls confirm

    May 21, 2016
  4. Bramesh said:

    Dear Sir,

    Thanks for all the love and affection.


    May 21, 2016
  5. Bramhesh sir .i have 400 share of tata elxsi@2030.sml isuzu 100 shares @1070.nilkamal 100 1000 shares @235.i am already lost 3 lakhs rupees to shift to another stock..plz advise me what i have to do…plz bramhesh ji…

    May 20, 2016
  6. Bramesh said:

    Gann is on 21 may, so effect should come today or Monday

    May 20, 2016
  7. Bramesh said:

    sir its updated..

    May 20, 2016
  8. Bramesh said:

    thanks a lot Saurabhji .. Just got stuck and had no time to update..

    May 20, 2016
  9. Bramesh said:

    thanks a lot !! Wishing you the best !!

    May 20, 2016
  10. kalpana said:

    THANK GOD,everything is fine.we missed ur updates very badly.actually ur blog and mkt. both complement each other.

    May 20, 2016
  11. saurabh jain said:

    Dear Bramesh ji, relieved to see you back. Was a but worried .

    May 20, 2016
  12. vamsi said:

    yeah! I wished the same.

    May 20, 2016
  13. Jayprakash Pathak said:

    done thanks

    May 20, 2016
  14. prakashbkc said:

    Sir, banknifty EOD post showing nifty post kindly make it visible

    May 20, 2016
  15. prakashbkc said:

    thanx sir, for ur post after gap of 2 days I do regularly read

    As today is Gann turn date as u mentioned in ur earlier post so big move do come today?

    May 20, 2016
  16. Rajan said:

    Thank god everything is fine..

    May 20, 2016
  17. Rajashekhar Menon said:

    Thank you very much for your posts. Much appreciated. God bless.

    May 20, 2016
  18. vicky said:

    hi sir ..good to know u r fine..god bless. !! sir plz send me a mail regarding ur course fees and topic covered..i am intrested in learning TA from u..thanks

    May 20, 2016
  19. soniya said:

    can u give an example of trading journal ?? either in excel sheet or word doc.

    May 20, 2016
  20. prasad said:

    Dear sir,
    Without seeing your daily post, it’s not a trading day….
    Hope everything fine from your side.
    U R Back, cheers all the bramesh fans

    May 20, 2016
  21. mahadev said:

    Gm sir Thank sir your nifty update

    May 20, 2016
  22. Aditya said:

    Hope all fine sir…thank u for your post

    May 20, 2016
  23. KT said:

    Dear Bramesh Sir,
    M Sure That everything is fine with u as people like u would not face any issues because of lots of love & good wishes of ur fans r there with u. And specially people like u who r spreading a light of knowledge to so many traders, God will take due care of u and will bless u.

    May 20, 2016

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