Nifty ready for good move,EOD Analysis

By | August 30, 2018 10:38 pm
  • As Discussed in Last Analysis  As today was time cycle date today low and high are very important break of any side can easily give move of 75-100 points. Bearish below 11664 for a move back to 11610/11570. Bullish above 11755 for a move back to 11810/11855. We should see good move in Nifty in next 2 days. Nifty gave whipsaw as it went below 11664 but failed to do target and closed marginally above 11664. As per time cycle we should see  a good move, Short can be take below 11652 for a move towards 11610/11545/11470. Long above 11700 for a move back to 11755/11840. Important intraday time for reversal can be at 12:08/2:43. Bank Nifty corrects 150 points below time cycle low on expiry day,EOD Analysis

 

  • Nifty Sep Future Open Interest Volume is at 2.37 core with liquidation of 57Lakh with increase in  cost of carry suggesting short position were added today, NF Rollover cost @11747 and Rollover %@ 67
  • 11800 CE  is having Highest OI  at 22.5 Lakh, resistance at 11700 followed by 11800 .11000-12000 CE added 35 lakh in OI so bears  added position in range of 11700-11900 CE.

 

  • 11400 PE OI@26 lakhs having the highest OI strong support at 11400 followed by 11300 . 11000-12000 PE added 58 Lakh in OI so bulls added position in range 111300-11600 PE.
  • Total Future & Option trading volume at1 19 Lakh core with total contract traded at 1.24 lakh , PCR @0.88

 

 

Buy above 11698 Tgt 11725,11750 and 11767 (Nifty Spot Levels)

Sell below 11666 Tgt 11644,11615 and 11585 (Nifty Spot Levels)

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Category: Daily

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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