Nifty bounce from gann trendline, demand zone,EOD Analysis

By | February 13, 2016 12:18 pm
8 Comments

FII

  • FII’s bought 15.6 K contract of Index Future worth 883 cores ,15.1 K Long contract were added by FII’s and 0.5 K short contracts were covered by FII’s. Net Open Interest increased  by 14.5 K contract, so fall in market was used by FII’s to enter  long and  enter  shorts in  Index futures. Finding a 100 Percent Accurate Trading System
  • As discussed in Last Analysis   Now we are near 200 W SMA which we last touched on 25 Aug 2013 but we never closed below it, If Nifty has to maintain bullish undertone it need to close above 7100 tomorrow, else we are heading towards 6830-6860 zone where next levels of support lies. Nifty took support at 7860 made low of 6869 and jumped almost 150 points from the low, Also Weekly chart bounced from 200 W SMA and formed near the gann trendline, holding the same we can see bounce till 7150/7300 range, Break of 6860 can see move towards 6660/6630 range.  Bank Nifty breaks 14000, EOD Analysis

Nifty Gunner

Supply Demand_Weekly

 

  • Nifty February Future Open Interest Volume is at 2.08 core with addition of  10.7 Lakh with decrease in cost of carry suggesting short position were added today, Nifty Future closed below the Rollover cost  @7419 and gave 500 points profits till now
  • Total Future & Option trading volume was   at 3.6 Lakh core with total contract traded at 3  lakh , PCR @0.73,VIX is very high Option buyers need to be very cautious any fall in vix will lead to fast fall in Option premium .How To Identify Market Tops and Bottom
  • 7300  CE  OI at 48.8 lakh , wall of resistance @ 7300 .6900/7300 CE added 44 lakh in OI addition  major addition was seen in 7000/7100 CE .FII sold 12.2 K CE longs and 9.1 K CE were shorted by them .Retail bought 53.9 K CE contracts and 17.4 K CE were shorted  by them.FII buying PE and Retailers buying CE and get whipped everyday.
  • 7000 PE OI@45.4 lakhs having the highest OI strong support at 6950/7000 . 6900/7300 PE  liquidated 10  lakh so bulls ran for cover, but added in 6800/6900 as Nifty took support at demand zone  .FII bought 21.7 K PE longs mostly in 7100/7200 PE so till NF stays below 7050 can go down and 9.1 K PE were shorted by them .Retail bought 21.8 K PE contracts and 18  K  PE were shorted  by them.
  • FII’s sold 398 cores in Equity and DII’s bought 545cores in cash segment.INR closed at 68.23

Buy above 7000 Tgt 7030,7054 and 7100 (Nifty Spot Levels)

Sell below 6950 Tgt 6905,6860 and 6830 (Nifty Spot Levels)

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8 thoughts on “Nifty bounce from gann trendline, demand zone,EOD Analysis”

  2. Pujan Vora

    Results of PSU BANKS SHOWS WHY Stock prizes melting down. Bnk nf corrected from 21000 to 13800. Nf 9119 to 6990 it shows bnk nf is under performing nifty.. some of china mkt down trend, crude fall, weak rupee versus usd all taking stake in this down fall. 8 year cycle 1992-2000, 2000-2008, 2009-2016 histry says its time to correct the levels.. but hope for the best as budget, rate cut & legislative implementation of GST ARE ON NEXT BENCH.. SO HOPE FOR THE BEST & PREPARE FOR THE WORST IS THE CENARIO.

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  3. biplab palit

    sir i read a post where the analyst has written that this week is 49 week from top of 9119, 49 is square of 7, gann has given utmost importance to 7, so timewise also nifty may have formed bottom on friday. what do u say?

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  5. marpalli

    I think we are in Bear period.it is bound to happen and it is happening.only thing and curious also to know is at what level it will turn into bullish tone.surely 6800 will not hold.is it 6400 or 6000 or in worst scenario 5000-5500..finally it is the Chinese market and not the oil. Chinese market has to crack down further and don’t know it what will level settle.

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