Nifty Bull and Bear Fights for 7850,EOD Analysis


  • FII’s sold 16.2 K contract of Index Future worth 962 cores ,12.4 K Long contract were liquidated by FII’s and 3.8 K short contracts were added by FII’s. Net Open Interest decreased  by 8.5 K contract, so fall in market was used by FII’s to exit long and  enter  shorts in  Index futures. The Importance Of Trading Plan WHICH emotion is overpowering you the Most, To Understand the same I have put a Poll on Twitter (, Please participate
  • As discussed in last analysis  Nifty till holding 7850-7834 range we can see the move towards 7972/8000. Bearish only on close below 7800. We has the news based market reaction today, due to change in taxation policy between India and Mauritius  b As I always Say Plan the Trade and Trade the Plan, Weekly Chopad Level was 7777 Low made in morning was 7780 and Bounced back almost 100 points, TC level at 7838 which again gave long trade after whipsawing overnight position but again if some one has traded with discipline Profit could be made. We have been highlighting the importance of 7850 today again market closed at 7849, Time Correction are difficult to trade and required lot of expertise, but who survive this period will be rewarded handsomely in the next BIG move.Bank Nifty unable to break 16500,EOD Analysis

Bank Nifty Supertrend

  • Nifty May Future Open Interest Volume is at 1.67 core with liquidation of 17.6 Lakh with decrease in cost of carry suggesting long position were closed today, NF  Rollover cost @7953, continue to trade below it.
  • 8000  CE  is having Highest OI  at 65.4 lakh, resistance at 8000 .7500/8000 CE  added 3.3 lakh so bears added in small quantity.FII bought 9.4 K CE longs and 9.2 K CE were shorted by them .Retail bought 13.3 K CE contracts and 10 K CE were shorted  by them.
  • 7700 PE OI@51.4 lakhs having the highest OI strong support at 7700. 7200-7700 PE added 4.2 Lakh in OI so strong base near 7500-7600 zone .FII bought 18.3  K PE longs  and 3.7 K shorted  PE were covered by them .Retail sold 0.02 K PE contracts and 12.4 K PE were shorted  by them.
  • FII’s sold 362.19  cores in Equity and DII’s bought 729.59 cores in cash segment.INR closed at 66.57

Buy above 7875 Tgt 7901,7930 and 7970  (Nifty Spot Levels)

Sell below 7840 Tgt 7820,7800 and 7777 (Nifty Spot Levels)

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5 thoughts on “Nifty Bull and Bear Fights for 7850,EOD Analysis”

  1. Thanks a lot sir.yes Chopad n TC has given me perfect entry during panic in early minutes OF market.I keep on reinventing myself as a trader based on your teaching.Regards.
    New delhi

  2. If trading is 15% system 15% risk/money management 70% psychology Why do traders spend 90% of their time focusing on system?

  3. sir how much as per ur experience…market respect pivot levels fr day trading…? carmilla or standard…any of these…?

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