Nifty does 10555-10700 on Astrology date,EOD Analysis

By | June 6, 2018 11:14 pm

  • FII’s sold 5.5 K contract of Index Future worth 491 cores ,244 Long contract were liquidated by FII’s and 5.2 K Short contracts were added by FII’s. Net Open Interest increased  by 5 K contract, so rise in market was used by FII’s to exit long and enter short in  Index futures.  FII’s Long to Short Ratio at 0.75. How to Control Emotions While trading
  • As Discussed in Last Analysis  As tommrow is important date and also RBI Policy which will come out around 2 Pm so bulls have chance to rally back towards 10665/10735 once we are above 10610. Bearish below 10555 for a move towards 10512/10470. Nifty moved as per our expectation we got a 100 pointer rally on the astrological date as we forecasted 2 days before, Bulls did 10665 and waiting for next target of 10735. Close above 10735 is bullish and we can see move back to 10800/10888. Bearish below 10610 for a move back to 10555/10480. Important intraday time for reversal can be at 9:55/2:17. Bank Nifty bounces from gann angle on event day,EOD Analysis

  • Nifty June Future Open Interest Volume is at 2.06 core with addition of 1.7 Lakh with increase in  cost of carry suggesting long position were added today, NF Rollover cost @10656 closed above it.
  • 11000 CE  is having Highest OI  at 41.7 Lakh, resistance at 10700 followed by 10800 .10300-11000 CE liquidated 1.5 lakh in OI so bears added covered in range of 10700-11000 CE. FII sold 3.4 K CE and 8.2 K CE were shorted by them. Retail bought 28.1 K CE and 21.8 K CE were shorted by them.


  • 10600 PE OI@40.4 lakhs having the highest OI strong support at 10600 followed by 10700 . 10300-11000 PE  added 15.2 Lakh in OI so bulls covered position in 10300-10600 PE. FII bought 6 K PE and 11.5 K PE were shorted by them. Retail bought 93.8 K PE and 51.8 K PE were shorted by them.
  • Total Future & Option trading volume at 8.29 Lakh core with total contract traded at 1.34 lakh , PCR @0.81


  • FII’s sold 81 cores  and DII’s bought 712 cores in cash segment.INR closed at 66.93


Buy above 10700 Tgt 10733,10750 and 10767 (Nifty Spot Levels)

Sell below 10656 Tgt 10630,10610 and 10570 (Nifty Spot Levels)

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Category: Nifty Astronomy

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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