Nifty give big move as Price and Time Meets

By | November 16, 2017

  • FII’s sold 802 contract of Index Future worth 74 cores ,4.9 K Long contract were liquidated by FII’s and  4.1 K Short contracts were liquidated by FII’s. Net Open Interest decreased  by 9.1 K contract, so rise in market was used by FII’s to exit long and exit short in  Index futures. FII’s Long to Short Ratio at 0.95, Big move seen today as per FII Ratio .   Who are you Trader and Gambler ?

 

  • As discussed in last analysis   Nifty did target of 10150 below 10240 and also did 10095 below 10150, Now as discussed on FB  Page  range of 10095-85 is very important where we can see price time squaring if held we can fast move towards 10186/10250/10388. Bearish below 10080 for a move towards 10000/9885. Low made yesterday was 10094 as nifty protected range of 10085-10095 and today opened gap up and did the first target of 10186. Till 10100 is held bulls can continue up move towards 10250/10388. Bearish below 10080 for a move towards 10000/9885. This is how price (10095) and Time (15 Nov) helped in capturing a big move, Thats the beauty of Gann Analysis.  Bank Nifty give big move as Price and Time Meets

 

  • Nifty Nov Future Open Interest Volume is at 2.39 core with liquidation of 9.2 Lakh with increase in  cost of carry suggesting Short position were added today, NF Rollover cost @10280 closed below it and corrected 150 points.
  • Total Future & Option trading volume at 10.2 Lakh core with total contract traded at 1.17 lakh , PCR @0.81
  • 10500 CE  is having Highest OI  at 54.4 Lakh, resistance at 10500 followed by 10600 .10000-10500 CE liquidated 22 Lakh in OI so bears covered major  position  in range of 10200-10300 . FII bought 7.9 K CE and 851 CE were shorted by them. Retail sold 169 K CE and 119 K shorted CE were covered by them.
  • 10200 PE OI@51.8 lakhs having the highest OI strong support at 10200 followed by 10150. 10000-10500 PE added 19.2 Lakh in OI so bulls added again in 10000-10200 PE as 10095 was held. FII bought 11 K PE and 557 shorted PE were covered by them. Retail sold 22  K PE and 24.9 K shorted PE were covered  by them.
  • FII’s sold 447 cores  and DII’s bought 847 cores in cash segment.INR closed at 65.21

Buy above 10230 Tgt 10250,10290 and 10320 (Nifty Spot Levels)

Sell below 10190 Tgt 10160,10140 and 10100 (Nifty Spot Levels)

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2 thoughts on “Nifty give big move as Price and Time Meets

  1. Bramesh Post author

    yes thats correct way to trade TC..

    I do not have any advisory services..

  2. Sanjay Sharma

    Hi Rameshji, last Nifty Future closing was 10,298.90 which was much below the Trend changer(positional) level given for 17Nov i.e 10345. I have sold Nifty futures before closing on the premise that Nifty trend should change i.e will decline from here. Please let me know if my action confirms to the prescribed level of trend changer(positional). I shall use the principle of 50% profit booking and Trailing Stop Losses.

    Secondly, do you give live market recommendations on Nifty/Bank Nifty in facebook? Then how should I be able to benefit from that, please reply.

    Best Regards

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