Nifty Rallies above 10610,EOD Analysis

By | June 30, 2018 9:52 am
  • As Discussed in Last Analysis  For 14 days Nifty was stuck in 192 points range and once 10700 broken we had a fall till 10557 so 143 points fall in 2 days,see the below graph that the beauty of gann price time analysis. Above 10610 bulls will be active and 10697/10730. Bearish below 10570 for a move back to 10520/10476. 29 June was important trend reversal date as per Weekly Analysis and low made today was 10612 near our trigger level of 10610 and we zoomed to hit our target of 10697 and almost reached the target of 10730 as high made was 10723, so again gann price and time helped in capturing the upmove, Now bulls need a close above 10730 for a move towards 10777/10846/10930. Bearish below 10666 for a move back to 10610/10555/10512. Important intraday time for reversal can be at 10:12/2:31. Bank Nifty hold on to gann angle,EOD Analysis

  • Nifty July Future Open Interest Volume is at 1.97 core with addition of 5 Lakh with decrease in  cost of carry suggesting long position were added today, NF Rollover cost @10720 closed below it.
  • 11000 CE  is having Highest OI  at 33.3 Lakh, resistance at 10800 followed by 11050 .10200-11000 CE added 4.4 lakh in OI so bears  added  position in range of 10800-11000 CE. FII bought 9 K CE and 3.5 K CE were shorted by them. Retail bought 28.6  K CE and 36.3 K CE were shorted by them.


  • 10600 PE OI@45.6 lakhs having the highest OI strong support at 10600 followed by 10650 . 10200-11000 PE added 24.9 Lakh in OI so bulls added position in range 10500-10600 PE. FII bought 2.5 K PE and 6.9 K PE were shorted by them. Retail bought 78.8 K PE and 51.4 K PE were shorted by them.
  • Total Future & Option trading volume at 4.35 Lakh core with total contract traded at 1.36 lakh , PCR @0.89


  • FII’s sold 157  cores  and DII’s bought 2262 cores in cash segment.INR closed at 68.47


Buy above 10730 Tgt 10755,10777 and 10800 (Nifty Spot Levels)

Sell below 10700 Tgt 10685,10666 and 10645 (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.

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