Nifty forms DOJI at Gann Angle

By | July 9, 2019

  • FII’s sold 17.1 K contract of Index Future worth 1469 cores 5.5 K Long contract were added by FII’s and 22.6K  Short contracts were added  by FII’s. Net Open Interest increased  by 23 K contract, so fall in Nifty was used by FII’s to enter long and enter short in  Index futures.FII’s Long to Short Ratio at 0.88  How Comfortable you are with your trading ?
  • As Discussed in Last Analysis Neural Analysis worked perfectly and we saw big fall on 08 Jul and once below 11763 had a big fall. Fresh Short should be taken below 11520 for a move back to 11460/11400. Long should be take above 11577 for a move back to 11620/11666/11730. Nifty formed a DOJI at gann angle support suggesting till we are holding today low. Also Neural Analysis suggests we can see a relief rally in the market towards 11731. Bulls will become active above 11568 for a move towards 11622/11676/11730. Bears will become active below 11512 for a move back to 11460/11410

  • Nifty July Future Open Interest Volume is at 1.86 core with addition  of 4.5 Lakh with  decrease in  cost of carry suggesting long position were added today, NF Rollover cost @11841 closed below it.
  • Total Future & Option trading volume at 11.41 Lakh core with total contract traded at 1.98 lakh , PCR @0.81
  • 12000 CE  is having Highest OI  at 31.2 Lakh, resistance at 11800 followed by 12000 .11500-12000 CE added 12.5  Lakh in OI so bears added position in range of 11800-12000..FII bought 9.2 K CE long and 12.5 K CE were shorted by them. Retail bought 46.1 K CE and 38.9 K CE were shorted by them.
  • 11500 PE OI@17.2Lakhs having the highest OI strong support at 11500 followed by 11400 . 11000-11700 PE added 3.7Lakh in OI so bulls added position in range 11500-11400.FII bought 13.7 K PE long and 2 K shorted PE were covered by them. Retail bought 74.6 K PE and 70.9 K PE were shorted by them.

Buy above 11568 Tgt 11596,11622 and 11666 (Nifty Spot Levels)

Sell below 11512 Tgt 11495,11470 and 11444 (Nifty Spot Levels)

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