Nifty Bounces from gann arc with Hammer Candle,EOD Analysis

By | March 16, 2016 10:21 pm


  • FII’s sold 2.4 K contract of Index Future worth 114 cores ,10.9 K Long contract were added by FII’s and 13.3 K short contracts were added by FII’s. Net Open Interest increased  by 24.3 K contract, so fall in Nifty market was used by FII’s to enter  long and  enter shorts in  Index futures. How “Not learning” from Trading Mistakes can be Disastrous
  • As discussed in Last Analysis Nifty finally has a correction of more than 100 points, its a slow and steady fall we are seeing from past 2 session, as Nifty was unable to move above the gann trendline as shown in below chart,  Bulls need close above 7554 for a move towards 7634. Bears below 7400 for move towards 7350/7228 else it will be sideways move in small range. Nifty made low of 7405 near the demand zone and gann arc support zone forming hammer candlestick. Also Nifty took almost 17 hours to correct from 7583-7401 and half of it was covered in 3 hours which shows the underlying trend is bullish, Bulls need close above 7554 for a move towards 7634. Bears below 7400 for move towards 7350/7228   Bank Nifty near gann trend line, EOD Analysis

Nifty Gunner

Supply Demand


  • Nifty March Future Open Interest Volume is at 2.17 core with liquidation of  1.2  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
  • 7500  CE   is having Highest OI  at 70.4 lakh, resistance at 7500 .7000/7500 CE  liquidated 1.6 lakh so bears ran for cover as Nifty bounced from demand zone .FII bought 9.9 K CE longs and 22.9 K CE were shorted  by them .Retail bought 8.8 K CE contracts and 2.5 K shorted  CE were covered by them.
  • 7200 PE OI@63.6 lakhs having the highest OI strong support at 7200 base becoming strong. 7200-7600 PE added 15.9 Lakh in OI .FII bought 22.5 K PE longs  and 16.8 K PE were shorted  by them .Retail bought 9 K PE contracts and 9.9 K PE were shorted  by them.
  • FII’s bought 625 cores in Equity and DII’s sold 680 cores in cash segment.INR closed at 67.22

Buy above 7510 Tgt 7536,7573 and 7600 (Nifty Spot Levels)

Sell below 7450 Tgt 7430,7400 and 7370 (Nifty Spot Levels)

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9 thoughts on “Nifty Bounces from gann arc with Hammer Candle,EOD Analysis

  1. Sandeep Manjunath

    Dear Bramesh,

    I would like to get hold of a software copy that you make use of to draw Gann angles. I am yet to find a decent charting tool on the web. Can you please let me know where to find one?

    Thanks and have a good day.

    Kind Regards,
    Sandeep M

      1. Sandeep Manjunath

        Dear Mr Bramesh,

        Thanks for the reply. May I have the liberty of knowing the software you use? Is it available for purchase and if Yes what would be the pricing on the same?

        Kind Regards,

  2. S

    Sorry instead of 12K its 10.9K … Brahmesh Sir’s figure is correct probable the statement has a typo

  3. S

    correct FII have added 13.4K contracts short positions and around 12K contracts long… So they have actually added short position.. it is DII who has added some long positions

  4. abhaydeepdubey

    was used by FII’s to enter long and exit shorts in Index futures

    I think it should be both enter long and enter shorts as they also created short positions today.


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