Nifty forms Inside Day near channel top,EOD Analysis


  • FII’s bought 12.3 K contract of Index Future worth 739 cores ,7.8 K Long contract were added by FII’s and 4.5 K short contracts were liquidated by FII’s. Net Open Interest increased  by 3.3 K contract, so rise in Nifty market was used by FII’s to enter long and  exit shorts in  Index futures.Whats your trading style: Day Trading or Swing Trading
  • As discussed in Last Analysis   So range of 7780-7800 become very crucial for next 2 trading days, short term correction can be seen if we close below 7634 towards 7500-7550, Low made was 7670, Nifty continue to rise for 6 days in a row, also formed Inside day candle near channel top suggesting coming 2 trading days are very crucial as we can see fast move in market. Traders should watch 7780-7800 on Upside and 7620-7640 on downside for trending move in expiry week. Bank Nifty forms Inside Day near channel top,EOD Analysis

nifty daily

  • Nifty March Future Open Interest Volume is at 2.17 core with addition of  6.3 Lakh with increase in cost of carry suggesting long position were closed today, NF closed above Rollover cost @7147. Nifty rallied 650 points above Rollover cost
  • 7800  CE   is having Highest OI  at 66.5  lakh, resistance at 7800 .7400/7800 CE  liquidated 7 lakh so bears ran for cover as Nifty closed above 7634 .FII sold 16.3 K CE longs and 7.7 K shorted  CE were covered by them .Retail bought 13.4 K CE contracts and 9 K shorted  CE were covered by them.
  • 7400 PE OI@50.2 lakhs having the highest OI strong support at 7400 base becoming strong. 7400-7800 PE added 4 Lakh in OI .FII sold 1.9 PE longs  and 7.7 K shorted  PE were covered by them .Retail sold 9.9 K PE contracts and 19.3 shorted  PE were covered  by them.
  • FII’s bought 976 cores in Equity and DII’s sold 1022 cores in cash segment.INR closed at 66.64

Buy above 7720 Tgt 7744,7771 and 7801 (Nifty Spot Levels)

Sell below 7680 Tgt 7650,7625 and 7600 (Nifty Spot Levels)

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4 thoughts on “Nifty forms Inside Day near channel top,EOD Analysis”

  1. Sir Long above Buy levels with SL of 21 Points and vice versa for shorts. SL gets triggered 2 times in a day no further trade.

    Back test for at least 1 month and paper trade for 2 weeks before trading on them.


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