Nifty Technical Analysis after India’s Surgical Strike

By | September 29, 2016

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  • FII’s bought 13.8 K contract of Index Future worth 875 cores ,154 K Long contract were liquidated by FII’s and 56.8 K short contracts were liquidated by FII’s. Net Open Interest decreased  by 211 K contract, so fall in market was used by FII’s to exit long and exit shorts  in  Index futures. Forecasting and Trading
  •  As discussed last Analysis    Nifty made low of 8690 but closed above 8700, suggesting bulls can see a move till 8787/8806 holding 8700 which is also gann angle support as shown in below chart, bears will get active below 8656 for a move towards 8600/8520. Bulls continue to hold 8700 and gann angle line and pushed nifty towards 8767, but again fail to cross above 8750. Bulls need a close above 8750 for a move towards 8800/8888. 8656 was broken at 12:30 which was fast fall and next 5 mins nifty retraced back towards 8661 give chance to short and rewarded the shorts. Its all about preparation and execution of plan. As we have Weekly Monthly and Quarterly closing bears will like to see Nifty close below 8518 and bears bulls will like a close above 8656. Close below 8518 can see fast move towards 8476/8434. Bullish on close above 8656 only.  Bank Nifty Technical Analysis after India’s Surgical Strike

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gann-angles

  • Nifty October Future Open Interest Volume is at 2.38 core with addition of 60.3  Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @8777, rollover % at 63.4
  • FII’s sold 337 cores in Equity and DII’s bought 1630 cores in cash segment.INR closed at 66.85

Buy above 8612 Tgt 8640,8675 and 8700 (Nifty Spot Levels)

Sell below 8560 Tgt 8540,8500 and 8476 (Nifty Spot Levels)


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15 thoughts on “Nifty Technical Analysis after India’s Surgical Strike

  1. P.T.KUMAR

    sir,
    to understand better please explain the table about FII activities you said that 13.8 K contracts of INDEX futures bought …please explain how you arrived that 13.8 K…I tried to calculate from previous day’s figures but not getting that figure…I got only 211 K contracts & 875 crores correctly, but other figures not supporting my calculation…how you arrived…

  2. An Ardent Follower

    Kotak block deal was for INR 3653.43 Crores. A sum of INR 1262.34 crores was purchased by another FII/FPI from the above deal.Thus the nett Sell figure of FII of Kotak is INR 2391.09 Crores.

    The NSE website is stating the Total FII nett Buy figure of INR 3413.00 Crores whereas you are claiming that it as a nett sell of INR 337 Crores.

    The nett figure do not add up to what has been mentioned here.

  3. Sandeep

    Sir ,please tell us what do we need to do to make our blog the IB Winner 2016 2017 please

  4. Pichaimani A

    Dear Bramesh Ji, How above mentioned Nifty spot levels are derived?. is it simple or modified pivot point or camarilla / modified camarilla or Gann square of 9 / advanced Gann square of 9 or Elliott wave or Fibonacci . Please do let us know ji . Thanks in advance

  5. Thakore

    Pl.explain about block deals.Is it bullish?Is it a buy from market?Is there a lock in period?Is it for minimum 10 or 20 percent?In short is it a strong buy?
    Pl.throw some light on this Sir.
    Regards

  6. Gopala krishna

    Fiis in Index futures : squared off longs 1.5 lakh contracts and squared off shorts 56 k contracts. That means Fiis sold 1 Lakh contracts right. How come it s Fiis bought 15k contracts. Kindly explain this please

  7. Gopala krishna

    how much is the kotak block deal..where can we get that information from..Diis bought 1630 crore..You mentioned as Diis sold..kindly reply

  8. Priya menon

    Bramesh sir, you did not mention fii’s and retailers options figure. ie. Put and call ???

  9. Bramesh Post author

    There was kotak block deal if you remove that its net sell figure..

  10. Prasad

    Guruji, I observe FII brought 3413 crores in equites. Please correct me if i am wrong.

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