Nifty Rallies holding gann angle,EOD Analysis

By | February 8, 2018

  • FII’s bought 3.6 K contract of Index Future worth 244 cores ,6.7 K Long contract were added by FII’s and 3 K Short contracts were added by FII’s. Net Open Interest increased  by 9.7 K contract, so rise in market was used by FII’s to enter long and enter short in  Index futures. So we got the expected bounced from FII’s Long to Short Ratio at 1.1 . Global stock market turmoil:Nifty down 895 Points Post Budget

 

  • As Discussed in Last Analysis    Nifty opened gap up also broke 10470 but failed to give any follow up downmove and also in the process held on to 10425 our trend change level as also discussed on facebook for the current market move.Bulls have been holding well the gann angles as shown in below chart. Bulls need close above 10570 for a move towards 10620/10666/10730. Bearish below 10425 for a move towards 10370/10310. Nifty as soon as moved above 10570 did the target of 10620. 10 Feb is important time cycle date effect can be seen tommrow or on Monday Bulls need a close above 10602 for the big move towards 10656/10723/10800/10087. Bearish below 10425 for a move towards 10370/10310   Important intraday time for reversal can be at 1:23/2:18.   Bank Nifty continue to hold gann angle,EOD Analysis

 

  • Nifty Feb Future Open Interest Volume is at 2.08 core with liquidation of 7.9 Lakh with decrease in  cost of carry suggesting long position were added today, NF Rollover cost @11048  closed below it and corrected 700 points

 

  • Total Future & Option trading volume at 7.26 Lakh core with total contract traded at 2  lakh , PCR @0.78

 

  • 10700 CE  is having Highest OI  at 34.4 Lakh, resistance at 10700 followed by 10900 .10500-11500 CE liquidated 12.1 Lakh in OI so bears covered position  in range of 11000-10800 so resistance at higher end. FII sold 7.4 K CE and 12.7 K  shorted  CE were covered by them. Retail sold 162 K CE and 77.2 K shorted CE were covered by them.

 

  • 10500 PE OI@58.8 lakhs having the highest OI strong support at 10400 followed by 10500 . 10500-11000 PE added 13.2 Lakh in OI so bulls added position in 10800-10700 PE. FII sold 1.9 K PE and 1.7 K PE were shorted by them. Retail bought 13.2 K PE and 21.2 K PE were shorted by them.

 

  • FII’s sold 2297 cores  and DII’s bought 2373 cores in cash segment.INR closed at 64.58

Buy above 10555 Tgt 10570,10590 and 10620 (Nifty Spot Levels)

Sell below 10520 Tgt 10490,10460 and 10444 (Nifty Spot Levels)

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