Nifty Rallies 600 point in 3 day based on Neural Analysis

By | May 20, 2019

  • FII’s bought 6.4 K contract of Index Future worth 1070 cores 14.4 K Long contract were added by FII’s and 7.9 K Short contracts were added by FII’s. Net Open Interest increased  by 22.3 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 1.28.  How Comfortable you are with your trading ?
  • As Discussed in Last Analysis Neural Analysis combined with Price and Time is a lethal combo, Astro Dates have been working perfectly.  Also Nifty Price Time Squaring at 11100 also gave us the upmove we were expecting.
  • We opened with gap Levels mentioned on twitter worked perfectly and traders who missed the gap should have captured from 11643-11800 levels. Neural Analysis combined with Price and Time is a lethal combo. 11896 is level to watch as its a gann price time squaring level, we have 2 more days before the results will come on 23 May so next 2 days we can see consolidation range bound move before we get the real picture on 23 May. Nifty Bulls can continue rally towards 11896-11910,where resistance lies. Above 11910 we can see fast move towards 11952/12000. Bears will get active below 11740 for a move back to 11666/11585/11512.   THE MOST NEGLECTED TRADING DISCIPLINE

  • Nifty May Future Open Interest Volume is at 1.70 core with addition  of 10.5 Lakh with  increase in  cost of carry suggesting long position were added today, NF Rollover cost @11742,closed above it.
  • Total Future & Option trading volume at 5.77 Lakh core with total contract traded at 2.11  lakh , PCR @0.84
  • 11800 CE  is having Highest OI  at 16.1 Lakh, resistance at 11800 followed by 12000 .11000-11800 CE liquidated 14.9 Lakh in OI so bears covered position in range of 11500-11700. FII bought 2.3 K CE and 1.5 K shorted CE were covered by them. Retail bought 64.4 K CE and 39.6 K CE were shorted by them.
  • 11500 PE OI@16 Lakhs having the highest OI strong support at 11600 followed by 11500 . 11000-11700 PE added 10.5  Lakh in OI so bulls added huge position in range 11400-11500 .FII bought 12.6 K PE and 3.6 K shorted PE were covered by them. Retail bought 37.3 K PE and 31.5 K PE were shorted by them.

Buy above 11860 Tgt 11890,11918 and 11952 (Nifty Spot Levels)

Sell below 11800 Tgt 11777,11740 and 11700  (Nifty Spot Levels)

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