Nifty bears does 8075 target, EOD Analysis


  • FII’s sold10.1 K contract of Index Future worth 615 cores ,12.2 K Long contract were liquidated by FII’s and 2.1 K short contracts were liquidated by FII’s. Net Open Interest decreased  by 14.3 K contract, so fall in market was used by FII’s to exit  long and exit shorts  in  Index futures.Billionaire Traders and Hedge Fund Manager
  •  As discussed in Yesterday Analysis   Bulls should close above 8210 for the continued uptrend, close below 8210 will suggest we can see move towards 8075/8100 range. Gann Cycle and Gann Trendline does the trick and we made low of 8064 doing the target of 8075 on downside. Bulls will get active on close above 8135 for move towards 8210/8241. Bears will get aggressive below 8050 for a move towards 7980 Will Bank Nifty Break 17500,EOD Analysis

Break of trendline

  • Nifty June Future Open Interest Volume is at 2.07 core with addition of 7.2 Lakh with decrease in cost of carry suggesting long position were closed today, NF  Rollover cost @7961 closed above it
  • 8300  CE  is having Highest OI  at 55.3  lakh, resistance at 8300 .8000/8200 CE  added 9.4 lakh so bears forming resistance at higher levels 8300-8400 zone  .FII sold 11.9 K CE longs and 101 shorted CE were covered by them .Retail bought 38.2 K CE contracts and 3.3 K CE were shorted  by them.
  • 8000 PE OI@71.8 lakhs having the highest OI strong support at 8000. 8000-8600 PE liquidated 26.8 Lakh in OI so bears ran for cover, still strong base near 8000 zone .FII bought 17 K PE longs  and 6.1  K shorted PE were covered by them .Retail sold 29.5 K PE contracts and 8.4 K PE were shorted by them.
  • FII’s bought 212 cores in Equity and DII’s sold 598 cores in cash segment.INR closed at 67.14

Buy above 8100 Tgt 8130,8150 and 8171 (Nifty Spot Levels)

Sell below 8074 Tgt 8040,8020 and 8000 (Nifty Spot Levels)

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  1. Dino said:

    Should be bulls ran for cover.

    June 14, 2016
  2. girish said:

    How much gap down expected ?

    June 14, 2016
  3. Bramesh said:

    thanks its corrected.

    June 14, 2016
  4. Bramesh said:

    we are expecting gap down opening

    June 14, 2016
  5. Bramesh said:

    thanks it corrected..

    June 14, 2016
  6. Gayathri said:

    Please correct accordingly 10.1k bought or sold quantity…

    June 14, 2016
  7. mit said:

    Hello sir buy above 8100 , current nifty spot is at 8110 can we buy

    June 14, 2016
  8. Abhay Dubey said:

    FII’s bought 10.1 K contract of Index Future

    It should be sold sir, i think. They liquidated huge longs.

    June 14, 2016

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