Nifty breaks out of gann angle,EOD Analysis

By | April 29, 2018

  • FII’s bought 8.8 K contract of Index Future worth 669 cores ,12.1 K Long contract were added by FII’s and 3.2 K Short contracts were added by FII’s. Net Open Interest increased  by 15.3 K contract, so rise in market was used by FII’s to enter long and enter short in  Index futures.  FII’s Long to Short Ratio at 1.13 .Importance of Trading psychology in trading

 

  • As Discussed in Last Analysis   Bulls were active above 10590 and did 10628, Now bulls need the close above 10640 for a move towards 10720/10800/10897. Bearish below 10555 for a move back towards 10500/10420. Nifty broke 10640 in opening and did the target of 10720 High made was 10719.8.  Now bulls need to hold 10640 for the move to continue towards 10800/10862. Bearish below 10610 for a move back to 10555/10500. Important intraday time for reversal can be at 9:46/11:58 . Bank Nifty rallies 400 points above 25050,EOD Analysis

 

  • Nifty May Future Open Interest Volume is at 2.33 core with addition of 9.3 Lakh with increase in  cost of carry suggesting long position were added today, NF Rollover cost @10613 closed above it.
  • Total Future & Option trading volume at 4.96 Lakh core with total contract traded at 1.09 lakh , PCR @1.05
  • 10800 CE  is having Highest OI  at 34.3 Lakh, resistance at 10700 followed by 10800 .10200-10700 CE added 1.4 lakh in OI so bears added position  in range of 10700-800 CE. FII bought 17.7 K CE and 5 K CE were shorted  by them. Retail bought 41 K CE and 90.3 K CE  were shorted by them.

 

  • 10500 PE [email protected] having the highest OI strong support at 10500 followed by 10400 . 10000-10500 PE added 34 Lakh in OI so bulls added position in 10400-10500 PE. FII bought 6.5 K PE and 19.8 K PE were shorted  by them. Retail bought 129 K PE and 90.3 K PE were shorted  by them.

 

  • FII’s sold 759 cores  and DII’s bought 633 cores in cash segment.INR closed at 66.64

 

Buy above 10700 Tgt 10725,10750 and 10777 (Nifty Spot Levels)

Sell below 10680 Tgt 10660,10640 and 10612 (Nifty Spot Levels)

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