Nifty does Price Time Squaring and gave big move

By | September 23, 2017 12:07 pm

  • FII’s bought 17.7 K contract of Index Future worth 1687 cores ,12.5 K Long contract were added by FII’s and 5.1 K Short contracts were covered by FII’s. Net Open Interest increased  by 7.3 K contract, so fall in market was used by FII’s to enter long and exit short in  Index futures. FII’s Long to Short Ratio at 1.2.  “Giving” it the way Karna does…
  • As discussed in last analysis   Another failed attempt to cross 10171, 2 small days of consolidation and again we protected gann angle again, expect a good move in nifty in coming 2 trading sessions. Bullish above 10171 for a move towards 10236/10300. Bearish below 10100 for a move towards 10030/9970. 23 Sep is an important time cycle date,effect will be seen either tomorrow or Monday. Its a Deja Vu  trade in Nifty today everything was so perfect High made was 10095  big fall started towards 9970, When both time and price meet big move happens, Price was 10100 and Time was 23 Sep but as Holiday so effect was seen today. Traders should watch 9930 for next round of move, Bearish below 9930 for a move towards 9820/9770. Bullish above 10000 for a move towards 10055/10140.  Bank Nifty does Price Time Squaring and gave big move

  • Nifty September Future Open Interest Volume is at 2.04  core with liquidation of 1.8 Lakh with decrease in  cost of carry suggesting long position were closed today, NF Rollover cost @9910 Closed above it and rallied 250 points.
  • Total Future & Option trading volume at 6.99 Lakh core with total contract traded at 1.63 lakh , PCR @0.94
  • 10200 CE  is having Highest OI  at 64.4 Lakh, resistance at 10200 followed by 10100 .9900-10500 CE added huge 78.4 Lakh in OI so bears added major position  in range of 10100-10200, suggesting expiry below 10100. FII sold  10.1 K CE and 39.8 K CE were shorted by them. Retail bought 197 K CE and 80.5 K shorted CE were covered by them
  • 9900 PE OI@42.1 lakhs having the highest OI strong support at 9900 followed by 9800. 9900-10500 PE liquidated 68 Lakh in OI so bulls covered position in 9900-10000 PE. FII sold  12.5 K  PE and 8.3 K PE were shorted by them. Retail sold 92.8 K PE and 82.4 K PE were shorted by them
  • FII’s sold 1241 cores  and DII’s bought 521  cores in cash segment.INR closed at 64.79

Buy above 9980  Tgt 10005,10030 and 10055 (Nifty Spot Levels)

Sell below 9960 Tgt 9930,9910 and 9885 (Nifty Spot Levels)

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Category: Daily

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.

One thought on “Nifty does Price Time Squaring and gave big move

  1. Sudakaran Sokkalingam

    sir,kindly i request u 2 publish an article on how to draw Gann angle .Is it correct to draw 1×1 Gann angle at 45 degree or the relation price=time2 to be used for calculating slope.please write an article about it. Thanks in advance


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