Nifty Trading Strategy for 07 May


  • FII’s sold 92.2 K contract of Index Future worth 1924 cores,62 K Long contract were squared off  by  FII’s and 30 K  short contracts  were added by FII’s. Net Open Interest decreased  by 31.8 K contract so today’s fall was used by FII’s to square off longs in Index Future and add fresh shorts.Sensex Crashes 700 Points:Reason for sharp fall

NIFTY - Pyrapoint

Nifty Gunner



  • Nifty May Future Open Interest Volume is at 1.64 core with liquidation of 3.3 lakhs with  cost of carry going negative  suggesting  long position got closed.
  • Total Future & Option trading volume was   at 2.94 core with total contract traded at 8.7 lakh. PCR @0.89 still has not got in oversold zone.
  • 8500  CE  OI at 43.5 lakh , wall of resistance @ 8500 .8200/8600 CE saw addition of 48.7  lakhs ,so  bears  added 81 lakh in 3 trading session suggesting market is under firm bear grip. FII bought 22.8 K  CE longs and 61.4 K CE  were shorted by them.Retailers have bought 2 lakh CE contracts suggesting bottom is still not in place.
  • 8000 PE OI@ 42.5 lakhs so strong base @ 8000.  8200/8400 PE liquidated 7.6  lakh so bulls are down and out for time being.  FII bought 36.1 K PE longs and 45.2 K PE  were shorted  by them.
  • FII’s sold 1699  cores  in Equity and DII’s bought 1454 cores in cash segment.INR closed at 63.54.


Buy above 8106 Tgt 8123,8147  and 8170 (Nifty Spot Levels)

Sell below 8080 Tgt 8050,8030 and 8000 (Nifty Spot Levels)


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11 thoughts on “Nifty Trading Strategy for 07 May”

  1. Bramesh Bhai, I took long at 8111@ 10.38AM , but it hit my S/L and reversed to go into sell mode ( i.e., below 8080) !! why !!!.

  2. NF is trading at 8121 –> 154 down from TC level.

    Is it still a good opportunity to take short position? If taken, what can be stop loss? or TC level of 8275 should be the SL?

  3. NF is trading at 154 down from TC level i.e 8121. Is it advisable to take short position now?
    If taken, what could be SL for TC based position?

  4. You need to improve your trading execution skills. If miss than wait for next opportunity.


  5. how to trade in such a trading when nifty fall 100 points in just 5 to 10 min. We do have trend change level but the fall was so fast that we cant even execute a trade. suggest your view or plan to tackle such situation

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