Nifty held on to gann angle support level,EOD Analysis


  • FII’s sold 427.3 K contract of Index Future worth 2328 cores ,4 K Long contract were added by FII’s and 31.3 K Short contracts were added by FII’s. Net Open Interest increased  by 35.3 K contract, so fall in market was used by FII’s to enter long and enter short in  Index futures.  FII’s Long to Short Ratio at 1.05.Honored to be part Online Trading Summit
  • As Discussed in Last Analysis  Now Bears need to break 11481 for the downmove to continue towards 11441/11400/11336. Bullish only above 11551 for a move back to 11623/11664. Nifty did 2 target on downside also took support near the gann angle suggesting we can make short term bottom, Bullish above 11503 for a move towards 11570/11610/11666. Bearish below 11393 for a move back to 11330/11270. Important intraday time for reversal can be at 9:56/1:48.Bank Nifty gives a perfect Gann Angle trade,EOD Analysis

 

  • Nifty Sep Future Open Interest Volume is at 2.68 core with addition of 13.8 Lakh with decrease in  cost of carry suggesting short position were closed  today, NF Rollover cost @11747 and Rollover %@ 67
  • 11800 CE  is having Highest OI  at 41.8 Lakh, resistance at 11750 followed by 11800 .11500-11800 CE added 27.3 lakh in OI so bears  added position in range of 11500-11600 CE. FII bought 22.7 K CE and 15 K CE were shorted by them. Retail bought 13.2 K CE and 31.4 K  CE were shorted  by them.

 

  • 11400 PE OI@38.8 Lakhs having the highest OI strong support at 11400 followed by 11300 . 11500-12000 PE liquidated 4.3 Lakh in OI so bulls covered position in range 11500-11600 PE. FII bought 44.9 K PE and 3.4 K  PE were shorted by them. Retail bought 3.7 K PE and 31.1 K PE were shorted by them.
  • Total Future & Option trading volume at1 13.5  Lakh core with total contract traded at 1.67 lakh , PCR @0.78

 

  • FII’s sold 383  cores  and DII’s sold 176 cores in cash segment.INR closed at 71.75

 

Buy above 11503 Tgt 11530,11548 and 11576 (Nifty Spot Levels)

Sell below 11465 Tgt 11450,11430 and 11400(Nifty Spot Levels)

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