Nifty Continue trade below 9200,EOD Analysis

By | April 10, 2017

  • FII’s sold 7.4 K contract of Index Future worth 511 cores ,4.4 K Long contract were liquidated by FII’s and 1.8 K Short contracts were liquidated by FII’s. Net Open Interest decreased  by 1.5 K contract, so fall in market was used by FII’s to exit  long and exit short in  Index futures. Keep Mind Where You Are
  • As discussed in last analysis  Nifty continue to trade below the gann angle as high made today was also 9250 so we are unable to close above the gann level of 9268, and we closed below 9200 so we are heading towards 9130/9070/9020 range. Bullish only on close above 9268. Low made was 9174 nifty has strong support in range of 9140-9150, holding the same we can bounce back till 9268 and below 9130 can see move towards 9070-9020.  Bank Nifty Bounces from Gann Support zone,EOD Analysis

  • Nifty April Future Open Interest Volume is at 2.06 core with liquidation of 3.4 Lakh with increase in  cost of carry suggesting short position were added today, NF Rollover cost @9148 closed above it.
  • Total Future & Option trading volume at 3 Lakh core with total contract traded at 0.89 lakh , PCR @0.98
  • 9500  CE  is having Highest OI  at 48.9  lakh, resistance at 9300 followed by 9500 .9000-9500 CE added 10.1 Lakh in OI so bears making resistance around 9300-9350 range.FII bought 2.6 K CE longs and 162  CE were shorted by them.Retail bought 25.1 K CE contracts and 13.8 K  CE were shorted  by them.
  • 9000 PE OI@53.8 lakhs having the highest OI strong support at 9000 followed by 8900. 9000-9500 PE added  3.9 Lakh in OI so bulls added in 9000/8900 PE . FII bought 6.9 K PE and 1.3 K PE were shorted by them  .Retail bought 48.9 K PE contracts and 33.7 K  PE were shorted  by them.
  • FII’s sold 716 cores in Equity and DII’s bought 201 cores in cash segment.INR closed at 64.56

Buy above 9194 Tgt 9213,9245 and 9268 (Nifty Spot Levels)

Sell below 9162 Tgt 9145,9120 and 9099 (Nifty Spot Levels)

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