Nifty crash 300 points as Sun Ingress shows Effect

  • FII bought 17.7 K contract of Index Future worth 1070 cores, Net OI has increased by 18.1 K contract, 196 Long contract were added by FII and 17.9 K shorts were added by FII. Net FII Long Short ratio at 0.88, So FII used enter to enter longs and enter shorts.
  •  As discussed in last analysis   We have sun ingress today and break of today high and low can easily give 150-200 points in nifty. Bulls need to move above 9310 for a move back to 9390/9444/9555.Bears need a close below 9210 for a move back to 9170/9120/9070/9020.Nifty opened with a gap down and we saw the effect of Sun Ingress, with nifty seeing a fall of 280 points. Bulls need to move above 9050 for a move back to 9110/9180/9250.Bears need a close below 8900 for a move back to 8843/8777/8700.

  • Total Future & Option trading volume at 7.77 Lakh core with total contract traded at 2.3 lakh , PCR @0.85
  • Nifty April Future Open Interest Volume is at 0.95 Lakh core with addition of 1.63 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @8093 closed above it.
  • 9200 CE is having Highest OI at 9 Lakh, resistance at 9200 followed by 9300.8800-9200 CE added 13 Lakh in OI so bears added position in range of 9100-9200.FII bought 5.8 K CE and 7.1 K CE were shorted by them. Retailers bought 107 K CE and 66 K  CE were shorted by them.
  • 8700 PE OI@7 Lakhs having the highest OI strong support at 8700 followed by 8600. 8500-9000 PE added 9 Lakh in OI so bulls added position in range 8600 -8800 .FII bought 3.4K PE and 4.8 K PE were shorted by them. Retailers sold 35 K PE and 26 K shorted PE were covered by them.
  • FII’s sold 2095 cores and DII’s sold 68 cores in cash segment.INR closed at 77.06

Buy Above 8978 Tgt 9030,9066 and 9120 (Nifty Spot Levels)

Sell Below 8900 Tgt 8843,8800 and 8750(opens in a ne (Nifty Spot Levels)

2 thoughts on “Nifty crash 300 points as Sun Ingress shows Effect”

  1. just saw your site few days ago good analysis , sir can you tell me about stocks for the year as i am long term investor or can you give me entry points and exit points

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