Nifty doing time correction before next move,EOD Analysis


  • FII’s sold 7.7 K contract of Index Future worth 497 cores ,7.8 K Long contract were liquidated by FII’s and .07  K short contracts were liquidated by FII’s. Net Open Interest decreased  by 7.8 K  contract, so fall in market was used by FII’s to exit  long and exit  shorts  in  Index futures.Do you have Trading Regrets
  •  As discussed in Yesterday Analysis   Closing above 8210 is a very bullish sign and holding the same we can move towards 8300/8336/8410 in next few days.Bearish only on close below 8070.  High made today was 8238 and low made was 8154, and finally we close near 8210, Due to Britain Exit vote volumes are very dull in market and even a small volume can move market, like we saw Nifty saw a fast fall till 8154 and equal fast recovery also, Traders should wait for event to get over to take directional trades . 80% of market moves is done in 20% of time.   Bank Nifty forms DOJI near gann trendline,EOD Analysis

nifty gann trendline

  • Nifty June Future Open Interest Volume is at 1.55  core with liquidation of 13.3 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 62.6 lakh, resistance at 8300 .8300/8600 CE  added 7.1 lakh so bears forming resistance at higher levels 8300-8400 zone  .FII sold 122 CE longs and 9.1 K CE were shorted by them .Retail bought 60.2 K CE contracts and 22.1 K CE were shorted  by them.
  • 8000 PE OI@85.4 lakhs having the highest OI strong support at 8000. 8000-8600 PE liquidated 4.4 Lakh in OI so bulls making strong base near 8000-8100 zone .FII bought 15.8  K PE longs  and 12.6 K  PE were  shorted by them .Retail bought 5.9 K PE contracts and 13 K  PE were shorted by them.
  • FII’s sold 41 cores in Equity and DII’s bought 361 cores in cash segment.INR closed at 67.47

Buy above 8230 Tgt 8250,8280 and 8303 (Nifty Spot Levels)

Sell below 8190 Tgt 8170,8145 and 8120 (Nifty Spot Levels)

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  1. Bramesh said:


    June 23, 2016
  2. Bramesh said:

    follow TC level

    June 23, 2016
  3. Bramesh said:

    Follow TC level with sl it will mostly be on right side of trend..

    June 23, 2016
  4. Havina said:

    Sir I always read your analysis …they are veery helpful…I was waiting for today’s banknifty analysis …..Can u plz give bn analysis for today …yesterday also I read your analysis for bn and it helped me a lot …

    June 23, 2016
  5. Ashish said:

    Dear Bramesh

    I check your daily post without fail. Your levels hit bang on regularly.

    Can you please inform how to take trades in intraday as per your Nifty Spot levels?

    I follow 5min candle sticks. Should I wait for the candle bar to close once your Buy above or
    Sell below levels come to take the entry or should I enter immediately once the price level comes?

    Several times, during open your first target either on Buy or Sell is hit in the open trade itself. Can I still take trade for the 2nd and 3rd targets?

    June 23, 2016
  6. mishra said:

    nifty formed outside day pattern ?

    June 23, 2016
  7. saurabh78 said:

    Time correction means consolidation. As Monthly and quarterly bar is bullish side. Direction is upside.

    June 23, 2016
  8. navinpatil29 said:

    Sir didn’t said to go long I think… Mkt can move anyside.. Correct sir??

    June 22, 2016
  9. nysrsp said:

    Dear Bramesh Sir,

    The last time you said about Time correction, I missed it and indeed was on the wrong side…The index zoomed from 7750 to 8300 in no time….I was waiting for the next time correction and you have said so….I will not miss it this time…Will be on long side to ride the zoom….

    Thank you Bramesh sir..

    June 22, 2016

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