Nifty closes below 7850, EOD Analysis

By | May 2, 2016 10:57 pm


  • FII’s sold 23.6 K contract of Index Future worth 1340 cores ,16.1 K Long contract were liquidated by FII’s and 7.5  K short contracts were added by FII’s. Net Open Interest decreased  by 8.5 K contract, so fall in market was used by FII’s to exit long and  enter  shorts in  Index futures. Qualities professional trade needs to develop
  • As discussed in last analysis   If we close above 7850 on weekly basis can see move back to 7950-7972 range and weekly close below 7850 can see move towards 7750-7700.  Nifty made low of 7777 before bouncing back but closing below 7850, which has bearish implication and we can fall all the way till 7546-7501 in next 2-3 weeks if 7850 is not crossed. Bank Nifty ready for big move,EOD Analysis

Daily Gunner

  • Nifty April Future Open Interest Volume is at 1.98 core with liquidation of  0.84 Lakh with decrease in cost of carry suggesting long position were closed today, NF  Rollover cost @7953, continue to trade below it.
  • 8200  CE  is having Highest OI  at 44.5 lakh, resistance at 8200 .7700/8200 CE  added 26.2 lakh so bears added position on higher level and will hold till nifty do not close above 7972 .FII bought 5.1 K CE longs and 10 K CE were shorted by them .Retail bought 49.1 K CE contracts and 28.8 K CE were shorted  by them.
  • 7700 PE OI@39.7 lakhs having the highest OI strong support at 7700. 7200-7700 PE added 5.5 Lakh in OI so strong base near 7500-7600 zone .FII bought 8.1 K PE longs  and 5.6 K PE were shorted  by them .Retail bought 15 K PE contracts and 21 K PE were shorted  by them. FII’s added aggressive Nifty put at start of series, high of 7950  not broken bias remain bearish.
  • FII’s bought 435  cores in Equity and DII’s bought 109 cores in cash segment.INR closed at 66.45

Buy above 7810 Tgt 7831,7856 and 7883 (Nifty Spot Levels)

Sell below 7777 Tgt 7751,7730 and 7700(Nifty Spot Levels)

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Category: Gann Arcs

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.

8 thoughts on “Nifty closes below 7850, EOD Analysis

  1. Saurabh Garg

    If there’s GOD of trading.. It would be surely you.. Never seen or met a person whose trading calls are so perfect.. Sometimes make we wonder that ARE YOU FOR REAL.. mind boggling stuff !

    1. Bramesh Post author

      Dear Sir,

      Nothing like that, just following the training i was taught by my guru..


  2. Thiru

    Dear Sir,

    Thanks for your valuable blog… we start to benefit form it.
    Moreover, you are giving the Nifty/Bank Nifty Spot values, do we need to buy/sell nifty/bank nifty futures based on the spot value, whatever the value of future be when corresponding to Spot Price?
    if possible please clarify.



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