Nifty Back to Gann Angle Resistance,EOD Analysis

By | July 16, 2021 6:53 am
  • FII bought 3.3 K contract of Index Future worth 277 cores, Net OI has increased by 3.9 K contract 6.7 K Long contract were added by FII and 2 K Shorts were covered by FII. Net FII Long Short ratio at 2.72 so FII used rise to enter longs and exit shorts.
  • As Discussed in Last Analysis We have discussed the importance of Gann and Astro cycle in below video and discussed the plan also. Till Bulls are holding 15821 rally can continue towards 15946/16009. Bears will get active below 15816 for a move back to 15761/15714/15666. 15946 done and we saw the impact of Astro and Gann Date. Now we are back to Gann Angle resistance zone as shown in below chart, Now Bulls need to cross 15946 for a move back to 16009/16072/16136. Bears need to move below 15883 for a quick fall towards 15820/15757. 
  • Total Future & Option trading volume at 47.1 Lakh core with total contract traded 0.94 lakh , PCR @0.92
  • Nifty July Future Open Interest Volume is at 0.97 Cores with addition of 2.4 Lakh with increase in cost of carry suggesting LONG position were add today, NF Rollover cost @15794 closed above it. 
  • 16100 CE is having Highest OI at 15.9 Lakh, resistance at 16000 followed by 16100. 15900-16100 CE added 12 Lakh in OI so bears added in range of 15900-16000.
  • 15800 PE OI@19 Lakhs having the highest OI strong support at 15800 followed by 15700. 15600-15800 PE added 22 Lakh in OI so bulls addded position in range 15700-15800
  • FII’s sold 264   cores and DII’s bought 439 cores in cash segment.INR closed at 74.66

Buy Above 15946 Tgt 15966,15999 and 16025 (Nifty Spot Levels)

Sell Below 15901 Tgt 15870, 15843 and 15813 (Nifty Spot Levels)

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