Venus at Superior Conjunction:Nifty Analysis

By | March 26, 2021 7:16 am
  • FII bought 11.1  K contract of Index Future worth 960 cores, Net OI has decreased by 33.2 K contract 14.2 K  Long contract were covered by FII and 18.9 K  Shorts were covered by FII. Net FII Long Short ratio at 1.66 so FII used fall to exit longs and exit shorts.
  • As Discussed in Last Analysis  Tommrow being expiry and nifty trading below last expiry close suggesting bulls will be under pressure once we start trading below 14525. Bulls need to break 14610 for the upmove towards 14666/14721/14777. Bears below 14525 can see quick fall towards 14472/14424/14377.All Bearish targe done,Levels shared on twitter worked perfectly and we are back to gann angle support,tommorow is very important astro date, Venus at Superior Conjunction suggesting another volatile move ahead,Bulls need to break 14420 for the upmove towards 14476/14512/14578. Bears below 14300 can see quick fall towards 14250/14201/14144.
  • Total Future & Option trading volume at 95.1 Lakh core with total contract traded 1.77 lakh , PCR @0.89
  • Nifty April  Future Open Interest Volume is at 0.89 Cores with addition of 18.7 Lakh with increase in cost of carry suggesting LONG position were added today, NF Rollover cost @14719 closed below it. 
  • 14500 CE is having Highest OI at 11.8  Lakh, resistance at 14500 followed by 14600.14500-14800 CE added 14 Lakh in OI so bears added in range of 15300-15500.
  • 14300 PE OI@15 Lakhs having the highest OI strong support at 14300 followed by 14200. 14500-14700 PE added 14 Lakh in OI so bulls addded position in range 14500-14600.
  • FII’s sold 3383 cores and DII’s bought 2269 cores in cash segment.INR closed at 72.64

Buy Above 14357 Tgt 14388,14420 and 14460 (Nifty Spot Levels)

Sell Below 14300 Tgt 14266,14240 and 14201 (Nifty Spot Levels)

2 thoughts on “Venus at Superior Conjunction:Nifty Analysis

  1. venkat

    thank you very much brameshji

    happy long week end.

    Holi greetings to you and your family members and all your followers.

    regards

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