Nifty ready for Big move,EOD Analysis

By | October 25, 2018 8:24 pm
  • As Discussed in Last Analysis We updated analysis on twitter and it worked in the range. As we have expiry tomorrow Bullish above 10225 for a move back to 10300/10323. Bears need to break 10190 for fresh down move to happen towards 10150/10100/10030. We have completed the move from one gann angle to another, Also we have very important time cycle on 28 Oct so we can have a good move either tomorrow or on Monday.Bullish above 10170 for a move back to 10225/10270. Bearish below 10080 for a move back to 10030/9950. mportant intraday time for reversal can be at 12:44/2:14. Bank Nifty ready for Big move,EOD Analysis

 

 

  • Nifty Nov Future Open Interest Volume is at 2.13 core with addition of 46.9 Lakh with increase in  cost of carry suggesting Long position were added today, NF Rollover cost @10243 and rollover %@ 73.6 closed below it.
  • 10500 CE  is having Highest OI  at 17.3 Lakh, resistance at 10300 followed by 10500 .10000-10500 CE added 20 lakh in OI so bears  added  position in range of 10300-10400.

 

  • 10000 PE OI@30.6 Lakhs having the highest OI strong support at 10000 followed by 9800 . 10000-10700 PE added 13 Lakh in OI so bulls added position in range 10200-10100 PE.
  • Total Future & Option trading volume at1 18.72  Lakh core with total contract traded at 2.11 lakh , PCR @0.81

 

 

Buy above 10150 Tgt 10170,10200 and 10225 (Nifty Spot Levels)

Sell below 10100 Tgt 10080,10050 and 10025 (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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