Nifty rallies 100 point holding 8577,EOD Analysis

By | July 28, 2016 11:33 pm


  •  As discussed in Yesterday Analysis   Now the zone of 8654-8677 is crucial supply zone, closing above 8677 level again can see fast move till 8849. We have resistance zone at every 100-150 points as market has spend lot of time in this range during the 2015 year. Bearish on close below 8490 only. Holding 8577 again another attempt can be made to break 8650 range.High made today was 8675 , so gann number of 8577 again showed its importance as we got the desired move till 8677. Bulls will need to close above 8677, gann arc tomorrow as its monthly closing and nifty can make next move till 8800/8951. Bearish only on close below 8490 and bullish on close above 8677.Bank Nifty continue to hold 19000,EOD AnalysisNifty resistance zone gann
  • Nifty Aug Future Open Interest Volume is at 2.18 core with addition of 41 Lakh with increase in cost of carry suggesting long position were closed today, NF  Rollover is at 58% and Rollover cost @8650 closed above it


  • FII’s bought 1767 cores in Equity and DII’s sold 1074 cores in cash segment.INR closed at 67.03

Buy above 8686 Tgt 8704,8735 and 8760 (Nifty Spot Levels)

Sell below 8650 Tgt 8636,8608 and 8580 (Nifty Spot Levels)

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Category: Nifty Technical Analysis

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.

13 thoughts on “Nifty rallies 100 point holding 8577,EOD Analysis


    Are the charts foretelling any crash like situation just as it was during August 2015? Will history repeat itself?Please throw some light on the state of the market in your weekly analysis.

  2. gaurav

    @saumya,@sudhakar,@somnath its mostly on fundamental as the results are not justifying the valuations , government expenditure is set to rise due to pay commission(about 1 lakh crore), food inflation is stubbornly high —bank npas are coming out bad will need more and more capital infusion —everyone is hoping that improving economy will reduce npas —isnt it hoping too much?

    1. Bramesh Post author

      As a trader what market can do should be least of the concern,follow system make money and njoy life..

  3. Sudhakar

    I am too would like to Know Answer from you for Saumya ji Question….

    Please please Answer that Question.

  4. Saumya

    Please post your reasoning/analysis, when you say “nifty wont see higher levels for coming 2 years atleast”

  5. gaurav

    interesting rally over past 4 months, now bear attack anytime

    nifty wont see higher levels for coming 2 years atleast


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