Nifty Rallies on Gann Date

By | June 25, 2019

  • FII’s sold 14.8 K contract of Index Future worth 1103 cores 5.7 K Long contract were liquidated by FII’s and 9.1 K  Short contracts were added by FII’s. Net Open Interest increased  by 3.3 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 1.23 How Comfortable you are with your trading ?
  • As Discussed in Last Analysis 24 June High and low are very important and we should see a good move in Nifty in next 2 days. Fresh Positional long should be taken above 11710 for a move back to 11790/11848/11919. Bears will get active below 11650 for a move back to 11600/11555/11485.
  • Low made today was 11651 bulls once above 11710 rallied and did our 1 target of 11790 now waiting for 11848/11919. Bears will get active only below today close of 11651. Gann Time Cycle again helped us in capturing the bottom today.

  • Nifty June Future Open Interest Volume is at 1.33 core with liquidation of 23.9 Lakh with  decrease in  cost of carry suggesting long position were closed today, NF Rollover cost @11954 closed above it.
  • Total Future & Option trading volume at 11.57 Lakh core with total contract traded at 1.09 lakh , PCR @0.90
  • 12000 CE  is having Highest OI  at 39.2 Lakh, resistance at 12000 followed by 12100 .11000-11800 CE added 14.4 Lakh in OI so bears added position in range of 11800-12000.FII bought 3.6 K CE long and 1 K shorted CE were covered by them. Retail sold 71.3 K CE and 43.8 K shorted CE were covered by them.
  • 11700 PE OI@28.5 Lakhs having the highest OI strong support at 11700 followed by 11600 . 11000-11700 PE liquidated 6.7 Lakh in OI so bulls covered position in range 11600-11700.FII sold 4.7 K PE long and 517  shorted PE were covered by them. Retail bought 134 K PE and 79.5 K PE were shorted by them.

Buy above 11815 Tgt 11840,11867 and 11896 (Nifty Spot Levels)

Sell below 11777 Tgt 11754,11733 and 11710 (Nifty Spot Levels)

Follow on Twitter:https://twitter.com/brahmesh

Follow on Facebook https://www.facebook.com/Brameshs-Tech-14011718268586

Youtube Channel: https://www.youtube.com/channel/UCxTIpotKybyOQIDsS3eEqhQ

Leave a Reply