Nifty continue to struggle around 9367,EOD Analysis

By | April 27, 2017
  • As discussed in last analysis   Bearish only on close below 9274 for a move till 9216/9180. As per time cycle today’s high 9367 and low 9301 are important, break on any side can give move of 120-150 points in next  3 days. Nifty continue to struggle around 9367 but held on to 9300 also forming an Inside bar pattern, fresh trades should be taken on move above 9367 for a move till 9424/9468. Bearish below 9274 for a move towards 9220/9180.   Bank Nifty Overview for May Series

  • Nifty May Future Open Interest Volume is at 1.97 core with addition of 43 Lakh with increase in  cost of carry suggesting long position were added today, Nifty Rollover cost @9307, closed above it and Rollover % at 62.4.

 

  • FII’s sold 492 cores in Equity and DII’s bought 1011 cores in cash segment.INR closed at 64.15

 

Buy above 9380 Tgt 9410,9425 and 9444 (Nifty Spot Levels)

Sell below 9339 Tgt 9320,9300 and 9275 (Nifty Spot Levels)

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2 thoughts on “Nifty continue to struggle around 9367,EOD Analysis

  1. Suresh Pandian

    sir kindly check trend changer level is it 9361

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