Will Nifty bounce from Gunner Support,EOD Analysis

  • FII’s bought 4.8 K contract of Index Future worth 326 cores ,1.2 K Long contract were added by FII’s and 3.5 K short contracts were liquidated by FII’s. Net Open Interest decreased  by 2.3 K contract, so fall in market was used by FII’s to enter long and exit shorts  in  Index futures. Secret of Trading Success :Consistency

  • Nifty Dec Future Open Interest Volume is at 1.45 core with liquidation of 3 Lakh with increase in cost of carry suggesting short  position were added today, NF Rollover cost @8049 closed above it.
  • Total Future & Option trading volume at 2.08 Lakh core with total contract traded at 0.63 lakh lowest in 2016 , PCR @0.92.
  • 8300  CE  is having Highest OI  at 61.2 lakh, resistance at 8300 followed by 8500 .7900/8500 CE  added 1.46  lakh so bears added aggressively  8100/8200 CE .FII sold 261 CE longs and 5.5 K CE were shorted by them .Retail bought 43.1 K CE contracts and 22.9 K CE were shorted by them.
  • 8000 PE OI@73.9 lakhs having the highest OI strong support at 8000. 7900-8500 PE liquidated 3.9 Lakh in OI so bulls  liquidated in 8200/8300 PE. FII bought 9.5 K  PE longs  and 1.8 K PE were shorted by them .Retail bought 5.7 K PE contracts and 9.4 K PE were shorted by them.
  • FII’s sold 535 cores in Equity and DII  bought 556 cores in cash segment.INR closed at 67.87

Buy above 8110 Tgt 8125,8150 and 8165 (Nifty Spot Levels)

Sell below 8085 Tgt 8060,8040 and 8020 (Nifty Spot Levels)

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5 thoughts on “Will Nifty bounce from Gunner Support,EOD Analysis”

  1. sir, I always follow your nifty hourly chart provided in your weekly analysis and take entry accordingly. I have been able to make some profit following it. Now as you always say to follow a system, I wanted to know following only the hourly chart analysis am i following a system or am i making any mistake.
    Regards,
    K Mohan.

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