Nifty Bulls rally Holding time cycle low,EOD Analysis

By | March 13, 2018

  • FII’s bought 30.9 K contract of Index Future worth 2397 cores ,21.4 K Long contract were added by FII’s and 9.5 K Short contracts were covered by FII’s. Net Open Interest increased  by 11.8 K contract, so rise in market was used by FII’s to enter long and exit short in  Index futures.  FII’s Long to Short Ratio at 1.23 .Why Do Traders Overtrade?


  • As Discussed in Last Analysis  Nifty bulls failed to close above 10270 but held on to the low of 10150, as we said till 10150 is not broken we have formed a short term bottom and can see relief rally towards 10441/10500. So Bulls did 10433 holding 10150. Nifty is up 300 points from our trend reversal zone beauty of gann price and time. Till we are holding 10250 rally can continue towards 10500/10555/10610. bearish below 10250 only.  Important intraday time for reversal can be at 10:14/11:51. Bank Nifty continue to Rally holding 24250,EOD Analysis


  • Nifty March Future Open Interest Volume is at 2.25 core with liquidation of 2.4 Lakh with increase in  cost of carry suggesting short position were closed today, NF Rollover cost @10395 closed above it.
  • Total Future & Option trading volume at 5.50 Lakh core with total contract traded at 1.87 lakh , PCR @0.85
  • 10500 CE  is having Highest OI  at 54.8 Lakh, resistance at 10400 followed by 10500 .10000-10600 CE added 10  Lakh in OI so bears added position  in range of 10400-10500. FII bought 13.7 K CE and 826  CE were shorted by them. Retail sold 72.7 K CE and 7.8 K shorted  CE were covered  by them.


  • 10000 PE OI@49.1 lakhs having the highest OI strong support at 10200 followed by 10100 . 10000-10700 PE added 1.6 Lakh in OI so bulls added major position in 10200-10300 PE. FII sold 3.5 K PE and 12.3 K  PE were shorted by them. Retail sold 72.7 K PE and 63.8 K PE were shorted  by them.


  • FII’s bought 374 cores  and DII’s sold 464 cores in cash segment.INR closed at 65.04


Buy above 10430 Tgt 10450,10471 and 10500 (Nifty Spot Levels)

Sell below 10410 Tgt 10385,10370 and 10350 (Nifty Spot Levels)

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