Nifty rallies holding gann trendline,EOD Analysis


  • FII’s bought 4.1 K contract of Index Future worth 257  cores ,2 K Long contract were added by FII’s and 2 K short contracts were liquidated by FII’s. Net Open Interest decreased  by 23 contract, so rise in market was used by FII’s to enter long and exit shorts  in  Index futures.Mental Toughness Required by Traders Part-II
  •  As discussed in Yesterday Analysis  Close above 8242 can lead to 8300/8336/8392. Below 8200 can  see downmove towards 8140/8080. Low made today was 8216 and High made was 8294, So as per gann analysis we held on to gann trendline and we saw the move till 8294. Now Bulls need a close above 8300 for a next move towards 8392. Till we are holding 8210 on weekly basis nifty can move towards 8557Bank Nifty does 18000,EOD Analysis

held gann trendline

  • Nifty June Future Open Interest Volume is at 2.16 core with addition of 2.16 Lakh with decrease in cost of carry suggesting short  position were added today, NF  Rollover cost @7961 closed above it
  • 8400  CE  is having Highest OI  at 48.1 lakh, resistance at 8400 .8000/8600 CE  added 1.1 lakh so bears forming resistance at higher levels but not adding aggressively  .FII bought 13.3 K CE longs and 623 CE were shorted by them .Retail SOLD 7.3 K CE contracts and 16.1 K CE were shorted  by them.
  • 8000 PE OI@64.3 lakhs having the highest OI strong support at 8000. 8000-8600 PE added 23.6 Lakh in OI so strong base near 8000-8100 zone .FII bought 1.2K PE longs  and 8.9 K PE were shorted by them .Retail bought 58 K PE contracts and 8.4 K PE were shorted by them. As discussed yesterday Retailers going in RBI policy with bearish bias and market rallied 🙂
  • FII’s bought 499 cores in Equity and DII’s bought 46 cores in cash segment.INR closed at 66.77

Buy above 8302 Tgt 8335,8360 and 8392 (Nifty Spot Levels)

Sell below 8250 Tgt 8220,8200 and 8180 (Nifty Spot Levels)

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