Will Nifty bulls able to give Weekly close above 9150,EOD Analysis

By | April 20, 2017

  • FII’s sold 3.3 K contract of Index Future worth 239 cores ,517  Long contract were liquidated  by FII’s and 2.8 K Short contracts were added by FII’s. Net Open Interest increased  by 2.2 K contract, so rise in market was used by FII’s to exit  long and enter short in  Index futures. TIMELESS STOCK TRADING RULES of WD Gann
  • As discussed in last analysis Nifty continue to trade below 9150 and made low of 9075 before closing at 9105. Till we are below 9120 bears have upper hand can push nifty towards 9020/8970/8920. Bullish above 9150 for a move towards 9221/9268. High made today was 9143 so still we are below 9150 and bears also unable to close below 9100 so we are in neutral zone in range of 9080-9150. Bullish above 9150 for a move towards 9221/9268. Bearish below 9080 for a move towards 9020/8970.  Bank Nifty continue to trade below gann angle,EOD Analysis

  • Nifty April Future Open Interest Volume is at 1.95 core with liquidation of 0.39 Lakh with decrease in  cost of carry suggesting long position were closed today, NF Rollover cost @9148 closed below it.
  • Total Future & Option trading volume at 7.3 Lakh core with total contract traded at 0.81 lakh , PCR @0.88
  • 9200  CE  is having Highest OI  at 51.6 lakh, resistance at 9200 followed by 9300 .9000-9500 CE liquidated 7.5 Lakh in OI so bears making resistance around 9200-9300 range.FII sold 3.6 K CE longs and 1.3 K CE were shorted  by them.Retail sold 101 K CE contracts and 59.2 K  CE were shorted  by them.
  • 9000 PE OI@52.2  lakhs having the highest OI strong support at 9000 followed by 8900. 9000-9500 PE added 10.4 Lakh in OI so bulls added in 9000/9100 PE . FII bought 3.1 K PE and 478 PE shorted PE were covered by them  .Retail sold 31.5 K PE contracts and 35 K shorted PE were covered by them.
  • FII’s sold 168 cores in Equity and DII’s bought 8  cores in cash segment.INR closed at 64.56

Buy above 9155 Tgt 9168,9190 and 9212 (Nifty Spot Levels)

Sell below 9105 Tgt 9085,9070 and 9050 (Nifty Spot Levels)

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