Nifty nearing PRZ of ABCD pattern,EOD Analysis


  • FII’s bought 9.1 K contract of Index Future worth 555 cores ,11.4 K Long contract were added by FII’s and 2.2 K short contracts were added by FII’s. Net Open Interest increased  by 13.7 K contract, so rise in market was used by FII’s to enter long and enter  shorts  in  Index futures.When Trading, You Are Your Own Worst Enemy What is the main Reason for Your Trading Loss, We are running POLL on Twitter Please participate
  • As discussed in last analysis Nifty continued with its impulsive move, another century, Now longs needs to be cautious in range of 8220-8251 where we have supply zone before marching towards 8336.Bearish only on close below 7972. Zone of 8210-8241 is crucial as its a supply zone and also PRZ zone of ABCD pattern, Unable to close above it we can see down move till 8075/8100.  Bank Nifty reacts from Supply zone,EOD Analysis

Nifty Harmonic

Supply Demand

  • Nifty June Future Open Interest Volume is at 2.16 core with addition of 7.5 Lakh with decrease in cost of carry suggesting short  position were added today, NF  Rollover cost @7961 closed above it
  • 8200  CE  is having Highest OI  at 33.1 lakh, resistance at 8200 .8000/8500 CE  bought 8.7 lakh so bears forming resistance at higher levels after blowout rally  .FII bought 17.1 K CE longs and 0.9 K CE were shorted by them .Retail bought  10 K CE contracts and 21.3 K CE were shorted  by them.
  • 8000 PE OI@53.7 lakhs having the highest OI strong support at 8000. 8000-8500 PE added 29 Lakh in OI so strong base near 7900-8000 zone .FII bought 16.6 K PE longs  and 11 K PE were shorted by them .Retail bought 40 K PE contracts and 30 K PE were shorted by them.
  • FII’s bought 355 cores in Equity and DII’s sold 211 cores in cash segment.INR closed at 67.71

Buy above 8180 Tgt 8201,8225 and 8250 (Nifty Spot Levels)

Sell below 8150 Tgt 8130,8100 and 7980 (Nifty Spot Levels)

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  1. Uma said:

    You meant 8080 or 7980 ?

    May 31, 2016
  2. karn said:

    Thanks sirji

    May 30, 2016

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