Will Nifty break 8050 or 8135,EOD Analysis


  • FII’s sold 30.7 K contract of Index Future worth 1880 cores ,31.4 K Long contract were liquidated by FII’s and 0.6  K short contracts were liquidated by FII’s. Net Open Interest decreased  by 32 K contract, so fall in market was used by FII’s to exit  long and exit shorts  in  Index futures.How To Become A Profitable Trader

Break of trendline

  • Nifty June Future Open Interest Volume is at 1.91  core with liquidation of 16.4 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 60.7  lakh, resistance at 8300 .8300/8600 CE  added 8.3 lakh so bears forming resistance at higher levels 8300-8400 zone  .FII sold 21.6 K CE longs and 10.5 K shorted CE were covered by them .Retail bought 43.9 K CE contracts and 1.3 K shorted  CE were covered by them.
  • 8000 PE OI@67  lakhs having the highest OI strong support at 8000. 8000-8600 PE liquidated 13.9 Lakh in OI so bears ran for cover, still strong base near 8000 zone .FII bought 34.5 K PE longs  and 6.6 K shorted PE were covered by them .Retail sold 34 K PE contracts and 11.2 K PE were shorted by them.
  • FII’s sold 113.36 cores in Equity and DII’s sold 32.27 cores in cash segment.INR closed at 67.26

Buy above 8100 Tgt 8140,8170 and 8210 (Nifty Spot Levels)

Sell below 8074 Tgt 8040,8000 and7972 (Nifty Spot Levels)

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  1. ankush said:

    As the closing is above 8198, will it be safe to assume that positional trend changer level is still active? Or the same stands closed as the nifty has hit a high of 8234 (around 40 points up!). Pls help me understand.

    Also, as per your earlier blog I understand that at TC level the power of Bulls and bears are nuteral. Is there any method or way to identify how strong the Bulls or bears are (as per direction)?

    June 15, 2016

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