Nifty Stuck in gann angle,EOD Analysis

  • FII’s sold 9.2 K contract of Index Future worth 699  cores ,770  Long contract were covered by FII’s and 8.5  K Short contracts were added by FII’s. Net Open Interest increased  by 7.7 K contract, so fall in market was used by FII’s to exit long and enter short in  Index futures.  FII’s Long to Short Ratio at 0.85.  Money Management and Discipline Matters In Trading
  • As Discussed in Last Analysis  Nifty bears got whipsawed below 10850 Bulls once above 10944 did a fast rally till 11030. Till we are holding 10944 we should rally towards 11089/11149. Bearish below 10920 for a move back to 10870/10820. Today 03 Oct is important trend change date. Nifty Bulls got whipsawed again,We again had a volatile move today, Important point to note in this volatile market  is trade size should be less than the normal trade size so that losses are less  and as a trade you are able to protect capital, We are stuck in gann angle as show below and today being trend change date High and low of today are important break of any side can give 100-150 point move easily.Bullish above 10890 for a move towards 10944/11029/11096.  Bearish below 10800 for a move towards 10750-10666.We should be seeing a good move in  nifty in next 1-2 days as price never stays between gann angle for so long.. Important intraday time for reversal can be at 12:05/2:14  Bank Nifty Bulls Continue to protect 25000,EOD Analysis

 

 

  • Nifty Oct Future Open Interest Volume is at 1.68 core with addition of 7.7 Lakh with decrease in  cost of carry suggesting long position were closed today, NF Rollover cost @11075 closed below it.
  • 11200 CE  is having Highest OI  at 28.4 Lakh, resistance at 11200 followed by 11100 .10800-11300 CE added 25 lakh in OI so bears  added position in range of 11100-11200. FII bought 8.3 K CE and 18.6 K CE were shorted by them. Retail bought 156 K CE and 66.1 K CE were shorted  by them.

 

  • 11000 PE OI@28.5 Lakhs having the highest OI strong support at 10850 followed by 10800 . 10900-11500 PE liquidated 6.4 Lakh in OI so bulls covered position in range 10800-11100 PE. FII bought 2.4  K PE and 8.4 K  PE were shorted  by them. Retail bought 2.4 K PE and 8.4 K PE were shorted by them.
  • Total Future & Option trading volume at1 11.76 Lakh core with total contract traded at 1.77 lakh , PCR @0.85

 

 

Buy above 10890 Tgt 10925,10950 and 11000 (Nifty Spot Levels)

Sell below 10843 Tgt 10820,10800 and 10760 (Nifty Spot Levels)

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