
- FII’s bought 14.1 K contract of Index Future worth 318 cores,39 K Long contract were added by FII’s and 24.9 K short contracts were added by FII’s. Net Open Interest increased by 64 K contract.Conquer the Four Fears to be Profitable trader Part-I
- Nifty continued forming lower low and closed below its 20/50/100 SMA, falling 502 points in 5 trading . Gunner Analysis reached its target as shown in below chart, 8352 will play an important role going forward, if broken we can move towards 200 DMA and if held can see 150/200 points bounceback in nifty. As discussed yesterday Pyrapoint support at 225 degree line comes @8374, Nifty made low of 8352 bounced back sharply.
- Nifty April Future Open Interest Volume is at 2.14 core with addition of 10 lakhs with increase in cost of carry suggesting long position got added.
- Total Future & Option trading volume was at 3.23 core with total contract traded at 5.9 lakh. PCR @0.86 suggesting sentiments is turned bearish.
- 8500 CE OI at 45.5 lakh , wall of resistance @ 8500 .8400/8600 CE saw addition of 29.4 lakhs ,so bears who added aggressively in and added 100 lakh in past 5 trading session. FII sold 6.5 K CE longs and 48.3 K CE were shorted by them.
- 8300 PE OI@ 44.8 lakhs so strong base @ 8400. 8500/8800 PE liquidated 24.7 lakh so bulls are stuck with panic . FII bought 87.9 K PE longs and 5.9 K PE were shorted by them.
- FII’s bought 17.4K cores in Equity and DII’s bought 1364 cores in cash segment.INR closed at 62.86.
- Nifty Futures Trend Deciding level is 8446 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8641 and BNF Trend Deciding Level 18217 (For Intraday Traders) BNF Trend Changer Level (Positional Traders) 18540 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 8400 Tgt 8427,8447 and 8470 (Nifty Spot Levels)
Sell below 8350 Tgt 8330,8290 and 8245 (Nifty Spot Levels)
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Dear Sir,
FII bought 17400 crores in cash market on 21/4/15. I think, this is the first time in 2015 that FII bought in five figures. Isn’t it unusual?
Regards,
Bipinchandra
Due to Sunpharma it happened.
RGds,
Bramesh
Sir,
hats off again for perfect analysis >>
below 8352 it went to 200DMA n bounced back 150 points super sir
regards
sandeep
Thank you so much Mr.Bramesh …..keep it up
BUY ONLY ABOVE 8430 SPOT
NIFTY WILL BE AT 8600 LEVELS AT THE END OF WEEK IF 8350 SPOT IS SAVED.
LEADERS
don’t force people
to follow them,
they invite them to a
JOURNEY..
thanks bramesh sir.
YOU R A LEADER.
Thanks Vipul !!
We all are students of THE MARKET
Dear Bramesh Sir, Can you please reply to my question on your Bank Nifty weekly analysis; I am planning to short BANK May Fut on intraday rise since I see that in your BANKNIFTY EW Hourly daily chart is showing downside close to 17250 before Apr-26?
Dear Sir,
When plan is clear stick to it with proper risk and money management,
Sir,
If how many points up during the day can we consider as trend reversal?
Thanks,
Shankar