Nifty Bulls continue to face resistance at gann angle,EOD Analysis

By | June 9, 2018 11:18 am

  • FII’s sold 12.1 K contract of Index Future worth 852 cores ,1.3 K Long contract were liquidated  by FII’s and 10.7  K Short contracts were added by FII’s. Net Open Interest increased  by 9.3 K contract, so fall in market was used by FII’s to exit long and enter short in  Index futures.  FII’s Long to Short Ratio at 0.70. How to Control Emotions While trading
  • As Discussed in Last Analysis High made today  10818 so we got the gap up and we did our target of 10800 so we were able to capture the whole move from 10555-10800 in just 3 trading sessions. Now as long as we are trading above 10730 we can see move towards 10852/10920. Bearish below 10700 for a move towards 10645/10580. Low made today was 10707 so bulls held on to protect 10700 and closed above 10730. Till Bulls are holding 10730 we can see move towards 10800/10852/10920. Bearish below 10700 for a move towards 10645/10580.Important intraday time for reversal can be at 10:10/2:17.Bank Nifty EOD Analysis for 08 June 

  • Nifty June Future Open Interest Volume is at 2.23core with addition of 5.2 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 42.2 Lakh, resistance at 10800 followed by 10900 .10300-11000 CE added 7.9 lakh in OI so bears  added position in range of 10700-11000 CE. FII bought 18.8 K CE and 13.6 K CE were shorted by them. Retail bought 4.6 K CE and 41.1 K CE were shorted by them.


  • 10600 PE OI@49.1 lakhs having the highest OI strong support at 10600 followed by 10700 . 10300-11000 PE  added 16.8 Lakh in OI so bulls added position in range 10300-10600 PE. FII bought 36.2 K PE and 6.4 K PE were shorted by them. Retail bought 4.6 K PE and 30.6 K PE were shorted by them.
  • Total Future & Option trading volume at 4.89 Lakh core with total contract traded at 1.12lakh , PCR @0.81


  • FII’s sold 222 cores  and DII’s bought 459 cores in cash segment.INR closed at 67.50


Buy above 10777 Tgt 10795,10816 and 10850 (Nifty Spot Levels)

Sell below 10750 Tgt 10722,10700 and 10685 (Nifty Spot Levels)

Follow on Facebook

Follow on Twitter:

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.

Leave a Reply