Nifty sees fast fall on break of Gann Angle

  • FII’s bought 12.7 K contract of Index Future worth 417 cores 4.2 K Long contract were added by FII’s and 8.5 K Short contracts were covered by FII’s. Net Open Interest decreased  by 4.3 K contract, so fall in Nifty was used by FII’s to enter long and exit  short in  Index futures.FII’s Long to Short Ratio at 0.93.Trading Mindset of Successful Traders
  • As Discussed in Last Analysis  25 Is important time cycle date so expect good move in next 2 days .Bulls will get active above 10836 for a move back to 10885/10931. Bears will get active below 10730 for a move back to 10666/10610. We did 10666 on downside and now approaching the important trend change date of 29 Jan i have explained the Logic in the below video, Bears will get active below 10650 for a move back to 10610/10570/10525. Bulls have change only above 10730 for a move back to 10800/10885. Important intraday time for reversal can be at 9:17/11:08/2:57. Bank Nifty Corrects 400 points on Break of Gann Angle 

  • Nifty Jan Future Open Interest Volume is at 2.20  core with liquidation of 16 Lakh with  decrease in  cost of carry suggesting long position were closed today, NF Rollover cost @10788 closed above it.
  • 10900 CE  is having Highest OI  at 48.1  Lakh, resistance at 10900 followed by 11000 .10400-11000 CE added 44.5 lakh in OI so bears  added position in range of 10900-11000. FII sold 5 K CE and 25 K CE were shorted by them. Retail bought 162  K CE and 64.5 K CE were shorted by them.
  • 10500 PE OI@ 28 Lakhs having the highest OI strong support at 10600 followed by 10500 . 10500-11000 PE liquidated 19 Lakh in OI so bulls covered position in range 10700-10800 PE. FII bought 22.5 K PE and 5.9 K PE were shorted by them. Retail sold 14.4 K PE and 2.8 K PE were shorted by them.
  • Total Future & Option trading volume at 8.68  Lakh core with total contract traded at 1.51 lakh , PCR @1

Buy above 10700 Tgt 10730,10750  and 10785(Nifty Spot Levels)

Sell below 10644 Tgt 10625,10600 and 10570 (Nifty Spot Levels)

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