Nifty Monthly for Three White Soldiers pattern,EOD Analysis


  • FII’s bought 9.8 K contract of Index Future worth 598 cores ,1.3 K Long contract were added by FII’s and 8.4 K short contracts were liquidated by FII’s. Net Open Interest decreased  by 7 K contract, so fall in market was used by FII’s to enter long and exit shorts  in  Index futures.Trading Wisdom by George Soros What is the main Reason for Your Trading Loss, We are running POLL on Twitter Please participate
  • As discussed 27 April Analysis Bulls need a close above 7972 for next move till 8100/8250 Zone, High made was 8210 today so as soon as we saw close above 7972 we did the target as per GANN Cycle, Now for the June month as per Gann Analysis weekly close above 8210 we can see move towards 8577. Bearish only on close below 7972. As discussed in Yesterday Analysis  8210-8241 is crucial as its a supply zone and also PRZ zone of ABCD pattern, Unable to close above it we can see down move till 8075/8100. High made today was exactly 8210, Bulls needs a close above 8210-8241 range for next move towards 8336/8400 else correction till 8075/8000. Nifty monthly has formed Three White Soldiers pattern which is a Bullish pattern Bank Nifty continue to trade below Gann Arc,EOD Analysis

Nifty Harmonic

Supply Demand

  • Nifty June Future Open Interest Volume is at 2.16 core with liquidation of 0.002 Lakh with increase in cost of carry suggesting short  position were closed today, NF  Rollover cost @7961 closed above it
  • 8200  CE  is having Highest OI  at 33.9 lakh, resistance at 8200 .8000/8500 CE  bought 11.3 lakh so bears forming resistance at higher levels as nifty unable to close above 8210  .FII bought 6.1 K CE longs and 3.7 K CE were shorted by them .Retail bought  11.9 K CE contracts and 19.7 K CE were shorted  by them.
  • 8000 PE OI@59.7 lakhs having the highest OI strong support at 8000. 8000-8500 PE added 10.7 Lakh in OI so strong base near 7900-8000 zone .FII bought 2.4 K PE longs  and 6.2 K PE were shorted by them .Retail bought 31.3 K PE contracts and 21.4 K PE were shorted by them.
  • FII’s sold 114 cores in Equity and DII’s bought 60 cores in cash segment.INR closed at 67.26

Buy above 8180 Tgt 8201,8225 and 8250 (Nifty Spot Levels)

Sell below 8150 Tgt 8130,8100 and 7980 (Nifty Spot Levels)

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6 thoughts on “Nifty Monthly for Three White Soldiers pattern,EOD Analysis”

  1. So buy na if nifty falls to 50 DMA , what else ?
    shows the buying force of last 50 days is more than selling pressure of last 200 days 🙂

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