Nifty Analysis as Economic Package is Unveiled

  • FII sold 1.6 K contract of Index Future worth 48 cores, Net OI has increased by 24.5  K contract, 11.4 K Long contract were covered by FII and 13 K shorts were covered by FII. Net FII Long Short ratio at 1, So FII used fall to exit longs and exit shorts.
  •  As discussed in last analysis Bulls need to move above 9460 for a move back to 9555,9610,9666. Bears will get active below 9310 for a move back to 9250,9160,9100.We got a big gap up as tommrow is Weekly Expiry, Bulls need to move above 9410 for a move towards 9467,9525. Bears will get active below 9343 for a move back to 9300,9225,9170 .Mars and Venus have went Ingres today so today high and low will be important for next 150-200 points move in Bank Nifty

  • Total Future & Option trading volume at 11.8 Lakh core with total contract traded at 2.5 lakh , PCR @0.87
  • Nifty May Future Open Interest Volume is at 0.74 Lakh core with addition of 0.67 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @9508 closed below it.
  • 9600 CE is having Highest OI at 18.7 Lakh, resistance at 9600 followed by 9700.9300-9700 CE added 7 Lakh in OI so bears added covered in range of 9600-9700.FII sold 2 K CE and 17.8 K CE were shorted by them. Retailers bought 92 K CE and 71 K  CE were shorted by them.
  • 9300 PE OI@17.4 Lakhs having the highest OI strong support at 9300 followed by 9200. 9000-9500 PE added 12.5 Lakh in OI so bulls added position in range 9200 -9300.FII sold  6.7 K PE and 3.5 K PE were shorted by them. Retailers bought 48 K PE and 36 K PE were shorted by them.
  • FII’s sold 283 cores and DII’s bought 232 cores in cash segment.INR closed at 75.41.

Buy Above 9410 Tgt 9439,9467 and 9528 (Nifty Spot Levels)

Sell Below 9343 Tgt 9313,9270 and 9225 (opens in a ne (Nifty Spot Levels)

Upper End of Expiry : 9574

Lower End of Expiry : 9193

1 thought on “Nifty Analysis as Economic Package is Unveiled”

  1. Sir you are a Gem at the Gann analysis. Sir would love more of stock specific gann analysis or is there any thing im missing.

Leave a Reply