Nifty continue to trade below gann trendline,EOD Analysis


  • FII’s bought 5.2 K contract of Index Future worth 323 cores ,1.5 K Long contract were added by FII’s and 3.6 K short contracts were liquidated by FII’s. Net Open Interest decreased  by 2 K contract, so fall in market was used by FII’s to enter  long and exit shorts  in  Index futures.THE PREGNANT DEER
  •  As discussed in Yesterday Analysis  Now Bulls need a close above 8300 for a next move towards 8392.Nifty should show big move in next 2 days as its been almost 3-4 session it has been consolidating near the gann trendline, so we can see breakout or breakdown in next 2-3 session. High made was 8265,  Low 8162 and we broke the gann trendline,Bulls were unable to hold above 8210 so we might move towards 8075/8100 range. Bank Nifty corrects from 18000,EOD Analysis

Break of trendline

  • Nifty June Future Open Interest Volume is at 2.14 core with liquidation 0.2 Lakh with increase in cost of carry suggesting long position were closed today, NF  Rollover cost @7961 closed above it
  • 8300  CE  is having Highest OI  at 55.2 lakh, resistance at 8300 .8000/8500 CE  added 10.8 lakh so bears forming resistance at higher levels 8300-8400 zone  .FII bought 46 CE longs and 8.8 K CE were shorted by them .Retail bought 41.6 K CE contracts and 10.2 K CE were shorted  by them.
  • 8000 PE OI@69.2 lakhs having the highest OI strong support at 8100. 8000-8600 PE liquidated 0.5 Lakh in OI so strong base near 8000-8100 zone .FII bought 8.1 K PE longs  and 3.5 K PE were shorted by them .Retail bought 2.3 K PE contracts and 14.4 K shorted PE were covered by them.
  • FII’s bought 201 cores in Equity and DII’s sold 165 cores in cash segment.INR closed at 66.76

Buy above 8200 Tgt 8236,8260 and 8290 (Nifty Spot Levels)

Sell below 8130 Tgt 8100,8075 and 8050 (Nifty Spot Levels)

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One Comment

  1. karn said:

    Thanks sirji can u tell me one thing is there any difference between ema and dma

    June 11, 2016

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