Nifty trades around 7850 for 2 days ready for big move,EOD Analysis


  • FII’s sold 5 K contract of Index Future worth 268 cores ,1.1 K Long contract were liquidated by FII’s and 3.8  K short contracts were added by FII’s. Net Open Interest increased  by 2.7 K contract, so fall in market was used by FII’s to exit long and  enter  shorts in  Index futures.Are You a Carrot, Egg, or Coffee Bean?
  • As discussed in last analysis   If we close above 7850 on weekly basis can see move back to 7950-7972 range and weekly close below 7850 can see move towards 7750-7700.  Nifty closed at 7849.80, signalling the importance of 7850 gann number. Now as we closed just .20 points near 7850 so market has kept both bulls and bears in confusion suggesting next week we can see explosive move.   Bank Nifty held on to 200 DMA,EOD Analysis

nifty support at trendline


  • Nifty April Future Open Interest Volume is at 2.06 core with addition of  5.2 Lakh with increase in cost of carry suggesting long position were added today, NF  Rollover cost @7953, Nifty future made high of 7950 in morning session and came down almost 100 points
  • 8200  CE  is having Highest OI  at 39.9 lakh, resistance at 8200 .7700/8200 CE  added 43.1 lakh so bears added posiiton on higher level and will hold till nifty do not close above 7972 .FII bought 6.6 K CE longs and 15.2 K CE were shorted by them .Retail bought 54.9 K CE contracts and   37.4 K shorted  CE were covered by them.
  • 7700 PE OI@42.4  lakhs having the highest OI strong support at 7700. 7200-7700 PE added 48.6 Lakh in OI so strong base near 7500-7600 zone .FII bought 59.7 K PE longs  and 5.6 K PE were shorted  by them .Retail bought 13.4 K PE contracts and 44.8 K PE were shorted  by them. FII’s added aggressive Nifty put at start of series, so today high of 7950 till not broken bias remain bearish.
  • FII’s sold 205  cores in Equity and DII’s bought 28 cores in cash segment.INR closed at 66.32

Buy above 7860 Tgt 7890,7921 and 7943 (Nifty Spot Levels)

Sell below 7820 Tgt 7796,7777 and 7741(Nifty Spot Levels)

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4 thoughts on “Nifty trades around 7850 for 2 days ready for big move,EOD Analysis”

  1. Sir,

    Is the level discussed on closing basis of a candle or just trading above the candle even if the particular candle closes below the level?

  2. As Discussed in last month analysis 7846 or 7850 which is the exact number for nifty ?Your analysis is so dangerous that it was found a single point difference change the direction of the game.

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