- FII’s sold 21.9 K contract of Index Future worth 312 cores,6.9 K Long contract were squared off by FII’s and 15 K short contracts were added by FII’s. Net Open Interest increased by 8 K contract so today’s consolidation was used by FII’s to add majority shorts in Index Future. How Traders can Optimize Trading Mindset Part-II
- Nifty continue with its range contraction which is healthy for market as we have 2 weeks of wild moves, range contraction also suggests breakout/breakdown of large magnitude is on cards in near future, which side we will cover in analysis going forwards. Gunner is still positive quadrant till holding above 1*1 gann line for bulls to get in momentum As we have been discussing the whole important pyrapoint number of 8427 , Nifty still has not been able to close above it. Range contraction in hourly charts with band of support and resistances are shown in below chart. Tomorrow is all important gann date so trade cautiously.
- Nifty May Future Open Interest Volume is at 1.31 core with liquidation of 4.3 lakhs with cost of carry going negative suggesting short position got closed. OI is lowest in last 3 months, such low OI generally suggests trending move is round the corner.
- Total Future & Option trading volume was at 2.20 core with total contract traded at 3.6 lakh. PCR @1 .18
- 8500 CE OI at 50.5 lakh , wall of resistance @ 8500 .8100/8400 CE saw liquidation of 3.2 lakh ,so bears liquidated but still holding 63 lakh open position. FII bought 22 K CE longs and 1.7 K CE were shorted by them.
- 8200 PE OI@ 60.3 lakhs so strong base @ 8200. 8300/8600 PE added 5.3 lakh so bulls are gaining ground and holding 89 lakh open position. FII bought 4 K PE longs and 3.2K PE were shorted by them.Retailers also bought 0.67 lakh of PE and shorted 0.87 lakh , So Retailers buying and shorting PE and FII buying all out in CE option.
- FII’s sold 186 cores in Equity and DII’s bought 404 cores in cash segment.INR closed at 63.64
- Nifty Futures Trend Deciding level is 8410 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8273 and BNF Trend Deciding Level 18469(For Intraday Traders) BNF Trend Changer Level (Positional Traders) 18174 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
Buy above 8450 Tgt 8480,8514 and 8530 (Nifty Spot Levels)
Sell below 8380 Tgt 8352,8323 and 8300 (Nifty Spot Levels)
Click Here to Like Facebook Page get Real time updates
can u tell me what is the advantage of Discount and Premium in Future price than Spot, Nifty and Stock both, please explore elaborately with a copy to my Email also. Pls. Pls. mostly required/important for trading purpose.
bramesh ji do you cover mcx metal in your forecast and technical analysis studies
dear bramesh ji
this is the part of article of yours dated jan 2013″ understanding CoC” == (Likewise,a fall in OI,accompanied with a rise in CoC,indicates closure of short positions. A falling both OI and CoC indicates that traders are closing long positions.)
but above you stated that
“Nifty May Future Open Interest Volume is at 1.31 core with liquidation of 4.3 lakhs with cost of carry going negative suggesting short position got closed.”
in above statement you said closing of long position while in second statement you said short positions are closed —-which is true ?
please explain
thanks
Now NF is in discount
Brameshji, you said today’s consolidation was used by fii’s to add majority shorts in index future,then cost of carrycarry going negative suggesting short positon got closed, i am not able to understand, please explain, thanks
write trading plan and follow it
What I understood that !
Weak heart should be out of market on 22nd…..
Nifty made a inverted head and shoulder break out, target should be 8700
My dear friends, a very big move is on the cards .. next 5 days are do or die foe nifty.. If it is unable to hold 8000, the the very first target is 7600 and then 7400. closing above 8480 might take it to 8680-8694
Hi Bramesh Ji
what is 1*1 gann line
FII’s still holding 13 odd lakh put longs will there be 200 point fall from this stage
8270
Hello mr. bhandari….i read ur blog and get an edge to trade from here…but when i trade i trade all wrong and then i regrett after 3:30….plz suggest me a way so that i stick to levels and not to trade in between…good advice needed ..
Write plan on paper and follow it..
if you want to implement these ideas you need to have automate system rather a sort of algo-trade
sir 6.9 k Long contracts were squared off today and not added
might be correct, it might be typo error
Thanks its corrected..
sir can tomorrow will be make or break day ??
nope
As Intelligent as ever…