Gann Price Time Squaring: Nifty Analysis

By | July 1, 2021 9:30 pm
  • FII sold 3.6 K contract of Index Future worth 294 cores, Net OI has increased by 7.2 K contract 1.7  K Long contract were added by FII and 5.4 K Shorts were added by FII. Net FII Long Short ratio at 2.5 so FII used fall to enter longs and enter shorts so longs entered and shorts entered in the system.
  • As Discussed in Last Analysis   As MERCURY LATITUDE HELIOCENTRIC at 7 degree suggesting big move should be seen once 15773 broken on upside or 15696 broken on downside.Bulls need to move above 15773 for a rally towards 15804/15888/15943. Bears will get active below 15696 for a move towards 15636/15555.Again a Rangebound sideways day and no major move seen in market in todays expiry as we are near important gann and astro time cycle( MERCURY LATITUDE HELIOCENTRIC ) we can see reversal in price above 15174. Any break below 15666 bears will get mometum in there side. Bulls need to move above 15714 for a rally towards 15789/15843/15899/15943. Bears will get active below 15666 for a move towards 15610/15555/15485.
  • Total Future & Option trading volume at 84 Lakh core with total contract traded 1.08  lakh , PCR @0.85
  • Nifty July Future Open Interest Volume is at 0.96 Cores with addition of 0.18 Lakh with increase in cost of carry suggesting LONG position were added today, NF Rollover cost @15794 closed above it. 
  • 15800 CE is having Highest OI at 12.6 Lakh, resistance at 15800 followed by 15900. 15800-16000 CE added 14 Lakh in OI so bears added in range of 15900-16000.
  • 15600 PE OI@12.4 Lakhs having the highest OI strong support at 15600 followed by 15500. 15500-15700 PE added 12 Lakh in OI so bulls addded position in range 15600-15700.
  • FII’s sold 1245 cores and DII’s bought 880 cores in cash segment.INR closed at 74.75

Buy Above 15714 Tgt 15743,15777 and 15816 (Nifty Spot Levels)

Sell Below 15666 Tgt 15646, 15616 and 15585 (Nifty Spot Levels)

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