Nifty does perfect price time squaring,EOD Analysis

By | September 25, 2018 8:50 pm

  • FII’s sold 5.4 K contract of Index Future worth 793 cores ,704 Long contract were covered by FII’s and 4.7 K Short contracts were added by FII’s. Net Open Interest increased  by 4 K contract, so rise in market was used by FII’s to exit long and enter short in  Index futures.  FII’s Long to Short Ratio at 0.91.  Volatility is here- Tips For Traders In Volatile Markets
  • As Discussed in Last Analysis  As discussed  Nifty broke 11080 and made  low of 10944. Now as 25 Sep is an important time cycle date, we can expect a reversal for short term bounce. We might do price time squaring if we held to the low of 10944.Bullish above 11005 for a move back to 11076/11143/11181. Bearish below 10944 for a move back to 10870/10800. Bulls closed above 11105 after a voaltile session now till we are above 10944 bulls have upper hand and can move towards 11143/11181. Bearish below 10930 for a move back to 10870/10800   Important intraday time for reversal can be at 9:15/12:21/1:46. Bank Nifty does Perfect Price Time Squaring, EOD Analysis

 

  • Nifty Sep Future Open Interest Volume is at 1.72 core with liquidation of 33.4 Lakh with increase in  cost of carry suggesting long position were added today, NF Rollover cost @11747 and Rollover %@ 67
  • 11200 CE  is having Highest OI  at 24.8  Lakh, resistance at 11200 followed by 11100 .10800-13800 CE liquidated 4.2 lakh in OI so bears  covered position in range of 11100-11300 CE. FII bought 16.1 K CE and 22 K CE were shorted by them. Retail sold 69.5 K CE and 26.4 K shorted  CE were covered by them.

 

  • 11000 PE OI@37.4 Lakhs having the highest OI strong support at 11000 followed by 10900 . 10800-11200 PE added 9.3 Lakh in OI so bulls added position in range 11000-11300 PE. FII bought 8 K PE and 8 K  shorted  PE were covered by them. Retail bought 64.4 K PE and 52.2 K PE were shorted by them.
  • Total Future & Option trading volume at1 13.6 Lakh core with total contract traded at 2.34 lakh , PCR @0.78

 

  • FII’s sold 1231 cores  and DII’s bought 2284 ecores in cash segment.INR closed at 72.69, Started correcting from 73 level as discussed in Rupee Analysis. Indian Rupee nearing a Short term top

 

Buy above 11100 Tgt 11140,11170 and 11200 (Nifty Spot Levels)

Sell below 11030 Tgt 11000,10970 and 10930 (Nifty Spot Levels)

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Category: Nifty Time Cycle

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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