Nifty bounces from demand zone,EOD Analysis

By | April 11, 2016 9:34 pm


  • FII’s sold 371 contract of Index Future worth 28 cores ,685 Long contract were added by FII’s and 1 K short contracts were added by FII’s. Net Open Interest increased  by 371 contract, so rise in Nifty market was used by FII’s to enter long and  enter shorts in  Index futures.Build your Trading Confidence
  • As we have been discussing Support is near 7546-7519 range and resistance around 7582/7684 so market can swing in both the levels for sometime before making the next major move. Nifty made low of 7516 reacted violently was up 100 points in matter of few minutes effect of gann time analysis, and High of 7670 suggesting Bulls are in firm control. Move above 7684 will see fast move towards 7730/7777.  Bank Nifty bounces from gann arc,EOD Analysis

gann arc support nifty


  • Nifty April Future Open Interest Volume is at 1.53 core with liquidation of  3.1 Lakh with decrease in cost of carry suggesting long position were closed today, NF  Rollover cost @7740, broken it.
  • 8000  CE  is having Highest OI  at 84.3 lakh, resistance at 8000 .7500/8000 CE  liquidated 17.9 lakh so bears ran for cover as rise was fast and furious .FII sold 1.3 K CE longs and 3.6 K shorted  CE were covered by them .Retail sold 43.8  K CE contracts and 18.7 K shorted  CE were shorted  by them.
  • 7500 PE OI@47.4 lakhs having the highest OI strong support at 7500. 7000-7600 PE added 19 Lakh in OI so strong base near 7500 and bulls finally held on into .FII bought 10.5 K PE longs  and 3.3  K PE were shorted  by them .Retail bought 43.2 K PE contracts and 22.9 K PE were shorted  by them.
  • FII’s bought 107 cores in Equity and DII’s bought 303 cores in cash segment.INR closed at 66.43

Buy above 7685 Tgt 7720,7745 and 7777 (Nifty Spot Levels)

Sell below 7650 Tgt 7625,7600 and 7565 (Nifty Spot Levels)

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10 thoughts on “Nifty bounces from demand zone,EOD Analysis

    1. Bramesh Post author

      Nope its not the right understanding.

      One previous coordinate it did all 5 gann arcs so once all 5 arc target done you need to move towards next swing high and low.

      Please read gann theory first before coming to any conclusion.


  1. Teja

    Hi Bramesh ji, can you please let us know how to trade using trend deciding level (for intraday traders)

  2. Ram Nene

    Sirji ,
    Crazy move in market , caught bears unaware !!

    Can you give the name of book you had suggested for W.D.Gann methods

    Was going into old post Any chance you are going to write on Moving avg part 2 or part 3 ?
    Got your article on Bollinger Band ,would you be posting on Bollinger Band part2 ?

    Also Fibonacci price correction you have written , what about time correction or does it work the same way i mean the time correction ??

    RSI indicator pe eak post ho jaye sirji ….

    1. Bramesh Post author

      The Law of Vibration: The Revelation of William D. Gann

      Will writer the articles as and when i get time.. its on my TO DO list


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