Nifty Gann Chart suggest big move coming,EOD Analysis


  • FII’s sold 9.1 K contract of Index Future worth 591 cores ,7 K Long contract were liquidated by FII’s and 2 K short contracts were added by FII’s. Net Open Interest decreased  by 5  K contract, so rise in market was used by FII’s to exit long and enter shorts  in  Index futures. Avoiding Impulsive Trading
  •  As discussed last Analysis    Below 8951/8910 bears had upper hand as we have discussed before in our analysis, High made yesterday was 8939 nifty was not able to go above 8951 and broke 8910 also, suggesting bears have upperhand and we can see all the was till 8820/8760. 8756-8760 if and when it comes is very important level, if held nifty can again make one more attempt towards 9000. Bears did 8700 below 8910, Now we are near very crucial gann line support as shown in below chart, close below Monday low of 8700 can see quick fall till 8656-8580 range. Bulls will get active only above 8760 for a move towards 8968/9000 again. Holding 8700 can lead to price and time square as per gann which can lead to fast rise. 8700 should be watched closely for the coming 3 days. Nifty made High of 8751 close well above 8700 but unable to close above 8760 and holding the gann support line as shown above. Bulls need close above 8760 for target of 8809/8862. Bears will get active on close below 8700 for target of 8656/8580. Bank Nifty holds 19730 for 3 days ,EOD Analysis


  • Nifty Sep Future Open Interest Volume is at 3.20 core with liquidation of 5.7 Lakh with decrease in cost of carry suggesting long position were added today, NF Rollover cost @8686, closed above it rallied 250 points.
  • 9000  CE  is having Highest OI  at 58  lakh, resistance at 9000 .8500/9000 CE  added 8.3  lakh so finally bears added aggressively in 8900  .FII bought 3.6  K CE longs and 1.7 K CE were shorted by them .Retail sold 80 K CE contracts and 51 K shorted CE were covered by them.
  • 8500 PE OI@59.6 lakhs having the highest OI strong support at 8500. 8300-8800 PE added 5 Lakh in OI so bulls strong base of 8700-8750 zone is still protected .FII bought 1.5 K PE longs  and 9.9 K PE  were shorted by them .Retail sold 23 K PE contracts and 14.9 K shorted PE were covered by them.
  • FII’s bought 345 cores in Equity and DII’s sold 456 cores in cash segment.INR closed at 67.02

Buy above 8770 Tgt 8800,8820 and 8860 (Nifty Spot Levels)

Sell below 8720 Tgt 8700,8670 and 8648 (Nifty Spot Levels)

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  1. Bramesh said:

    We used Price/OI/Cost of Carry to come to conclusion..

    September 19, 2016
  2. Sudhir said:

    Good look n feel of the website now. Congratulations on the upgrade Brameshji

    September 16, 2016
  3. Bramesh said:

    Dear Mam,

    I think i have mentioned the scenarios very clearly.


    September 16, 2016
  4. KAshmira Shah said:

    Sir, You wrote Gann chart suggest big move coming, but didnot write in details ,can you please explain?
    Your study is tooo good.
    Very good.Keep it up.
    Thanks a lot

    September 16, 2016
  5. Deepak gautam said:

    Your research is awesome.

    September 16, 2016
  6. Ramesh said:

    Better UI now

    September 16, 2016
  7. Manikandan said:

    “Nifty Sep Future Open Interest Volume is at 3.20 core with liquidation of 5.7 Lakh with decrease in cost of carry suggesting long position were added today”

    Can you please please please explain more on the above point. How did you decide that long positions were added with OI, liquidation and cost of carry info. Please.

    September 15, 2016
  8. Sudhakar said:

    Respected Sir,
    Firstly I applaud this New Look of this Website.
    Simply Superb… Cool Look.

    Haa… Absolutely Sir… Awaited for this Dialogue from you since market closed at 3 30pm…

    As soon as Market closed at 8750. I got remember your words… A Massive move of 200 – 300 points will be ahead… in your weekly Analysis…

    Hats Off Sir.

    Thank you.

    September 15, 2016

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