Gann Time Cycle Effect: Nifty Crash 300 points

  • FII bought 2.9 K contract of Index Future worth 431 cores, Net OI has increased by 15.6 K contract, 9.2 K Long contract were added by FII and 6.3 K Shorts were added by FII. Net FII Long Short ratio at 1.25 So FII used fall to enter longs and enter shorts.
  • As Discussed in Last Analysis Bulls will get active above above 11585 for a move back to 11666/11721. Bears need to break 11490-11470 range for fall to continue 11420/11375/11312. Next Week will be very intresting as we have Monthly expiry and also Confluence of Important time cycle of 21-22 Sep. We saw the effect of Gann Time Cycle as again 21 Sep we saw the big fall as discussed in details in below video. Bears were able to 11312 on downside once 11470  was taken out. 11178 should be watched very closely for this week. Bears need to break 11178-11185 for a move towards 11100/11060/10950. Bulls will have there chance above 11300 for a move back to 11376/11451.

  • Total Future & Option trading volume at 18.07 Lakh core with total contract traded at 2  lakh , PCR @0.95
  • Nifty Sep Future Open Interest Volume is at 0.82 Cores with liquidation of 16 Lakh with decrease in cost of carry suggesting short position were closed today, NF Rollover cost @11514 closed above it.
  • 11400 CE is having Highest OI at 20 Lakh, resistance at 11400 followed by 11500.11300-11600 CE added 28 Lakh in OI so bears added in range of 11300-11400.FII bought 5.1 K CE and 20 K CE were shorted  by them. Retailers bought 249 K CE and 152 K CE were shorted by them. 
  • 11100 PE OI@18 Lakhs having the highest OI strong support at 11100 followed by 11000. 11300-11500 PE added 22  Lakh in OI so bulls addded position in range 11200-11300.FII bought 11.3 K PE and 5.3 K PE were shorted  by them. Retailers sold 3.3 K PE and 10 K PE were shorted by them. 
  • FII’s sold 540  cores and DII’s sold 517 cores in cash segment.INR closed at 73.56

Buy Above 11292 Tgt 11330,11376 and 11410 (Nifty Spot Levels)

Sell Below 11210 Tgt 11185,11150 and 11111 (Nifty Spot Levels)

Leave a Reply