Nifty forms Inside day near gann arc,EOD Analysis

• FII’s bought 16.6 K contract of Index Future worth 931 cores ,15.7  K Long contract were added by FII’s and 0.09 K short contracts were liquidated by FII’s. Net Open Interest increased  by 14.8 K contract, so fall /rise in Nifty market was used by FII’s to enter  long and  exit shorts in  Index futures. Inspirational Story for Traders
  

• Nifty  was unable to do a follow upmove on above 7512, Today made high of 7544 which was near the supply zone of 7554. Weekly closing just near 7512 so bulls are in control as still holding the gann arc as shown below close above 7554 will signal move towards 7600/7634. Zone of 7554-7634 is very crucial. Support is in range 7400-7380. Bank Nifty Ready for Big move,EOD Analysis

• Nifty March Future Open Interest Volume is at 2.20 core with addition of  2.2 Lakh with increase in cost of carry suggesting long position were added today, NF closed above Rollover cost @7147. Nifty rallied 300 points above Rollover cost
  

• Total Future & Option trading volume was   at 2.63  Lakh core with total contract traded at 2lakh , PCR @0.95,  .How To Identify Market Tops and Bottom
  

• 7500  CE  OI at 66.5 lakh , wall of resistance @ 7500 .7000/7500 CE  liquidated 1.5 lakh so bears ran for cover in  7400/7500 CE .FII bought 13.6 K CE longs and 10.8 K CE were shorted  by them .Retail bought 4.1 K CE contracts and 11.4 K CE were shorted  by them.
  

• 7200 PE OI@67.8 lakhs having the highest OI strong support at 7200 base becoming strong. .FII bought 602 PE longs  and 6.4 K PE were shorted  by them .Retail bought 14.2 K PE contracts and 11.1K shorted  PE were covered by them.
  

• FII’s bought 378 cores in Equity and DII’s sold 432 cores in cash segment.INR closed at 67.04
  

• Nifty Futures Trend Deciding level is 7503 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 7307 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
  

Buy above 7550 Tgt 7580,7600 and 7632 (Nifty Spot Levels)

Sell below 7500 Tgt 7470 ,7442 and 7415 (Nifty Spot Levels)

 

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