Nifty Analysis for 26 May

  • FII sold 17.4 K contract of Index Future worth 670 cores, Net OI has increased by 23.6 K contract, 3.1 K Long contract were added by FII and 20.5  shorts were added by FII. Net FII Long Short ratio at 0.65, So FII used rise to enter longs and enter shorts.
  •  As discussed in last analysis  Now Bulls need to move above 9120 for a move back to 9170/9225. Bears will get active below 9082 for a move back to 9034/8987/8940.21 is important Astro Date.Bulls got whipsawed above 9120 and bears below 9082 did all 2 target on downside , 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.

  • Total Future & Option trading volume at 8.3 Lakh core with total contract traded at 2.3 lakh , PCR @0.91
  • Nifty May Future Open Interest Volume is at 0.73 Lakh core with liquidation of 1.5 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @9508 closed below it.
  • 9300 CE is having Highest OI at 19.2 Lakh, resistance at 9300 followed by 9400.9000-9300 CE added 14.5 Lakh in OI so bears added in range of 9200-9300.FII bought 23.4 K CE and 19.6 K CE were shorted by them. Retailers bought 129 K CE and 117 K  CE were shorted by them.
  • 9000 PE OI@32 Lakhs having the highest OI strong support at 9000 followed by 8800. 8800-9000 PE added 6.7 Lakh in OI so bulls added position in range 9000 -8900.FII bought 36.4 K PE and 13.6 K PE were shorted by them. Retailers bought 45 K PE and 71.4 K PE were shorted by them
  • FII’s sold 1353 cores and DII’s sold 344 cores in cash segment.INR closed at 75.89

Buy Above 9060 Tgt 9090,9130 and 9190  (Nifty Spot Levels)

Sell Below 9000 Tgt 8955,8910 and 8871(opens in a ne (Nifty Spot Levels)

7 thoughts on “Nifty Analysis for 26 May”

  1. Pressure dates for nifty sensex is missing this week in your post….Will you pls update that too before Tuesday morning that’s really helpful

  2. I used to take 1 reversal time for NIFTY & BNF in a day mostly ,that works perfectly that ius lso depend upon Gann.

  3. Hope you would respond to this question.Could you please explain how you arrived FII bought 23.4 K CE and 19.6 K CE were shorted by them. Retailers bought 129 K CE and 117 K CE were shorted by them.
    if you had already explained in any posts please direct me to that post. if not please help me understand how you arrived which strike price FII bought and sold and how you arrived howmany sold and how many long covered.
    thanks

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