Nifty bounces from 200 DMA,FII FnO Data Analysis


  •  Nifty continued forming lower low and closed below  its 20/50/100 SMA, falling 560 points in 6 trading .We saw a quick recovery in last 1 hour of trading after nifty formed a panic low of 8285 and saw a quick recovery also forming a hammer candlestick pattern. As discussed yesterday Gunner Analysis reached its target as shown in below chart, 8352 will play an important role going forward, if broken we can move towards 200 DMA and if held can see 150/200 points bounceback in nifty. We bounced 165 points from low , now move above 8469 will suggest we have formed short term bottom. Also Nifty again bounced from Murry math line so we can see fast and ferocious rally, if low hold true.

Nifty Gunner

NIFTY - Pyrapoint

Nifty MML

  • Nifty April Future Open Interest Volume is at 2.13 core with liquidation of 1.5 lakhs with decrease in cost of carry suggesting  short  position got closed.
  • Total Future & Option trading volume was   at 3.85 core with total contract traded at 7.1 lakh. PCR @0.79 suggesting sentiments is turned extremely  bearish.
  • 8600  CE  OI at 50.2  lakh , wall of resistance @ 8600 .8400/8600 CE saw addition of 9.7 lakhs ,so  bears who added aggressively in and added 109 lakh in past 6 trading session, so bears have not liquidated even though we saw intraday rise. FII bought 14.6 K  CE longs and 45.1 K CE  were shorted  by them.
  • 8200 PE OI@ 43.3  lakhs so strong base @ 8200.  8500/8800 PE liquidated 8  lakh so bulls are stuck with panic still no addition seen in PE .  FII bought 42.2 K PE longs and 11.3 K PE  were shorted  by them.


  • FII’s sold 910  cores  in Equity and DII’s bought 271  cores in cash segment.INR closed at 62.83.


Buy above 8450 Tgt 8469,8491 and 8553 (Nifty Spot Levels)

Sell below 8400 Tgt 8388,8350 and 8326 (Nifty Spot Levels)

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4 thoughts on “Nifty bounces from 200 DMA,FII FnO Data Analysis”

  1. sir though nifty bounced back sharply but FII data is not at all incouraging….not u mentioned sentiments bearish… what u suggest to creat short in nifty or at what level???where u see expiry ???when is next gann turn date???

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