Nifty Gann Angles Analysis

By | September 1, 2016 10:13 pm


  • FII’s bought 6 K contract of Index Future worth 364 cores ,11.6 K Long contract were added by FII’s and 5.6  K short contracts were added by FII’s. Net Open Interest increased  by 17.2  K contract, so rise in market was used by FII’s to enter long and enter  shorts  in  Index futures. Not able to pull the trigger in Trading

gann angles

  • Nifty Sep Future Open Interest Volume is at 3.36 core highest in last 6 years with addition of 4.4 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @8686, closed above it.
  • 9000  CE  is having Highest OI  at 58.3  lakh, resistance at 9000 .8500/9000 CE  added 4.1 lakh so resistance formation in 8850-8900 zone .FII bought 6.5  K CE longs and 3.6 K CE were shorted by them .Retail sold 7.4 K CE contracts and 12.7 K shorted CE were covered  by them.
  • 8500 PE OI@65.5 lakhs having the highest OI strong support at 8500. 8300-8800 PE added 3.2 Lakh in OI so bulls making strong base near 8600-8650 zone .FII bought 20.9  K PE longs  and 13.5 K PE were shorted by them .Retail sold  87.8 K PE contracts and 46.5 K shorted PE were covered by them.
  • FII’s sold 301 cores in Equity and DII’s bought 308 cores in cash segment.INR closed at 66.96

Buy above 8785 Tgt 8805,8835 and 8860 (Nifty Spot Levels)

Sell below 8750 Tgt 8725,8700 and 8670 (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.

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