Gann Time Cycle Analysis on Nifty

  • FII bought 6.7 K contract of Index Future worth 188 cores, Net OI has decreased by 8.4 K contract, 853 Long contract were covered by FII and 7.6 K shorts were covered by FII. Net FII Long Short ratio at 0.70, So FII used fall to exit longs and exit shorts.
  •  As discussed in last analysis  As RBI Event is over and we have important Astro date on Friday High and low break can see a move of 150-200 points in bank nifty.Nifty bulls need to move above 9064 for  move towards 9111/9159/9200. Bears will become active below 9000 for a move towards 8959/8912/8865.We are near Gann Angle Support on Gann 10 Year Cycle date,suggesting big move round the corner.Nifty bulls need to move above 9065 for  move towards 9111/9161/9225. Bears will become active below 8971 for a move towards 8924/8877/8830.

  • Total Future & Option trading volume at 9.32 Lakh core with total contract traded at 2.1 lakh , PCR @0.91
  • Nifty May Future Open Interest Volume is at 0.61 Lakh core with liquidation of 11.7 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @9508 closed below it.
  • 9300 CE is having Highest OI at 29.2 Lakh, resistance at 9300 followed by 9400.9000-9300 CE added 24.5 Lakh in OI so bears added in range of 9200-9300.FII sold  3 K CE and 917 CE were shorted by them. Retailers bought 111 K CE and 54 K  CE were shorted by them.
  • 9000 PE OI@42 Lakhs having the highest OI strong support at 9000 followed by 8800. 8800-9000 PE added 16.7 Lakh in OI so bulls added position in range 9000 -8900.FII bought 16.3 K PE and 4.9 K PE were shorted by them. Retailers bought 39.3 K PE and 54 K PE were shorted by them
  • FII’s bought 4761 cores and DII’s bought 2841 cores in cash segment.INR closed at 75.65

Buy Above 9065 Tgt 9090,9130 and 9190  (Nifty Spot Levels)

Sell Below 9000 Tgt 8972,8930 and 8871(opens in a ne (Nifty Spot Levels)

1 thought on “Gann Time Cycle Analysis on Nifty”

  1. after trading flat for last week nifty was dragged from 9000 to 9300 in a single day, Is this because maximum call writing seen at 9300 strike on expiry? If this is the case then nifty will move towards next maximum call writing for tomorrow? . Please explain

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