Nifty Forms DOJI above Gann Angle

By | January 16, 2019

  • FII’s sold 12.1 K contract of Index Future worth 818 cores 8.5 K Long contract were added by FII’s and 20.6 K Short contracts were added by FII’s. Net Open Interest increased  by 29.1 K contract, so rise in Nifty was used by FII’s to enter long and enter short in  Index futures.FII’s Long to Short Ratio at 0.90. How To NOT Blow Up Your Trading Account
  • As Discussed in Last Analysis  Bulls did 2 target on upside now bulls need to close above 10890 above gann angle to become bullish for the move towards 10923/10985/11040. Bears will become active below 10821 for a move back to 10777/10721. Nifty closed above gann angle but failed to close above 10890. Bulls will become active above 10929 for a move back to 10985/11040. Bears will become active below 10821 for a move back to 10777/10721. Tomorrow is very Important time cycle day. Important intraday time for reversal can be at 12:45.  Bank Nifty Technical Analysis

  • Nifty Jan Future Open Interest Volume is at 2.50 core with liquidation of 4.7Lakh with  decrease in  cost of carry suggesting long position were added today, NF Rollover cost @10788 closed above it.
  • 11000 CE  is having Highest OI  at 36.4 Lakh, resistance at 10900 followed by 11000 .10400-11000 CE liquidated 12.4 lakh in OI so bears  covered position in range of 10800-11000. FII bought 3.7 K CE and 547 shorted CE were covered  by them. Retail bought 58.6 K CE and 26.8 K CE were shorted by them
  • 10500 PE OI@ 40.2 Lakhs having the highest OI strong support at 10700 followed by 10600 . 10500-11000 PE liquidated 4.8 Lakh in OI so bulls covered position in range 10700-10800 PE. FII bought 10.7 K PE and 9.9 K PE were shorted by them. Retail bought 61.9 K PE and 44.5 K PE were shorted by them.
  • Total Future & Option trading volume at 7.45 Lakh core with total contract traded at 1.04 lakh , PCR @0.89

Buy above 10900 Tgt 10929,10950 and 10973 (Nifty Spot Levels)

Sell below 10866 Tgt 10850,10821 and 10800 (Nifty Spot Levels)

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