Nifty Bulls close above 8210,EOD Analysis

By | June 20, 2016 9:55 pm


  • FII’s sold 23.7 K contract of Index Future worth 1335 cores ,5.1 K Long contract were liquidated by FII’s and 18.5 K short contracts were added by FII’s. Net Open Interest increased  by 13.3 K  contract, so rise in market was used by FII’s to exit  long and enter  shorts  in  Index futures.Do you have Trading Regrets
  •  As discussed in Yesterday Analysis   Now bulls need to close above 8210 for this upmove to continue as its near the falling horizontal gann line. Failing to close above 8210 can again see downmove towards 8120/8029 High made today was 8244 and low made was 8105, and finally we close above 8210. Closing above 8210 is a very bullish sign and holding the same we can move towards 8300/8336/8410 in next few days.Bearish only on close below 8070.  Bank Nifty Bulls again protect 17666,EOD Analysis

nifty gann trendline

  • Nifty June Future Open Interest Volume is at 1.74  core with addition of 4.1 Lakh with increase in cost of carry suggesting long  position were added today, NF  Rollover cost @7961 closed above it
  • 8300  CE  is having Highest OI  at 63 lakh, resistance at 8300 .8300/8600 CE  added 6.7 lakh so bears forming resistance at higher levels 8300-8400 zone  .FII bought 0.07 K CE longs and 2.8 K CE were shorted by them .Retail bought 1K CE contracts and 13.4 K CE were shorted  by them.
  • 8000 PE OI@76.8 lakhs having the highest OI strong support at 8000. 8000-8600 PE added 25.2 Lakh in OI so bulls making strong base near 8000-8100 zone .FII sold 6.7 K PE longs  and 8.4 K  PE were  shorted by them .Retail bought 67.2 K PE contracts and 35 K  PE were shorted by them.
  • FII’s sold 385.60 cores in Equity and DII’s bought 724.06 cores in cash segment.INR closed at 67.32

Buy above 8250 Tgt 8285,8310 and 8336 (Nifty Spot Levels)

Sell below 8190 Tgt 8170,8150 and 8120 (Nifty Spot Levels)

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4 thoughts on “Nifty Bulls close above 8210,EOD Analysis

  1. gobardhan

    sir Nifty rollover cost is 7961.Are there instances that level is never breached in a series?or will it come down to that level in the same series?

  2. Kalpesh bhatt

    hello sir, do you provide live intraday expected movement in nifty. Everyday Range of nifty. Plz reply. If it is so, Wats the charges for it ?


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