Nifty moved perfectly from 1 gann angle to another

By | January 7, 2019

  • FII’s bought 4.5 K contract of Index Future worth 408 cores 6.4 K Long contract were added by FII’s and 1.8  K Short contracts were added by FII’s. Net Open Interest increased  by 8.2 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 0.95 . Fed Up of Losing Money from Stock market ?
  • As Discussed in Last Analysis   We had a volatile move tomorrow but finally close above 10700 and waiting for target of 10790. Range of 10800-10816 important Supply zone, Bulls need close above 10816 for a move towards 10890/10933.  Nifty reacted from Supply zone and in process completed our target of 10790. Bulls need to close above 10777 for a move back to 10816/10882. Bears will get active below 10720 for a move back to 10666/10610 Important intraday time for reversal can be at 10:30/2.  Bank Nifty Finally close above 27225,EOD Analysis

  • Nifty Jan Future Open Interest Volume is at 2.50 core with liquidation  of  2.6  Lakh with  increase in  cost of carry suggesting long position were added today, NF Rollover cost @10788 closed below  it.
  • 11000 CE  is having Highest OI  at 40 Lakh, resistance at 10900 followed by 11000 .10400-11000 CE liquidated 3  lakh in OI so bears  covered position in range of 10800-11000. FII bought 7.4 K CE and 2.8 K CE were shorted by them. Retail bought 74.4 K CE and 51.4 K CE were shorted by them.
  • 10500 PE OI@ 38.5 Lakhs having the highest OI strong support at 10600 followed by 10500 . 10500-11000 PE added 5 Lakh in OI so bulls added position in range 10700-10800 PE. FII bought 7.8 K PE and 4 K PE were shorted by them. Retail bought 63 K PE and 43.7 K PE were shorted by them.
  • Total Future & Option trading volume at 5.49 Lakh core with total contract traded at 1.37 lakh , PCR @0.98
  • FII’s bought 736 cores  and DII’s  sold 141 cores in cash segment.INR closed at 69.68 . USD INR Weekly Forecast

Buy above 10790 Tgt 10815,10836 and 10855 (Nifty Spot Levels)

Sell below 10750 Tgt 10730,10700 and 10680 (Nifty Spot Levels)

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