Nifty ready for Big move

By | September 5, 2019 9:00 pm
  • As Discussed in Last Analysis  Bulls got active above 10821 and made high of 10858 waiting for our target of 10902/10954/11007. Bears will get active below 10798 for a move back to 10746/10694/10642. Tomorrow is important time cycle date. High made was 10920 so bulls were able to do 10902 above 10858, As per Astro time cycle we should see big move in nifty in next 2 trading session.Bulls now need to close 10861 for a move back to 10905/10961/11010. Bears will get active below 10798 for a move back to 10746/10694/10642. 

  • Total Future & Option trading volume at 26.49 Lakh core with total contract traded at 1.73 lakh , PCR @0.68
  • Nifty Sep Future Open Interest Volume is at 1.75 core with addition of 2.9 Lakh with increase in  cost of carry suggesting long position were added today, NF Rollover cost @11050 closed above it.
  • 11000 CE is having Highest OI at 19 Lakh, resistance at 11000 followed by 11100 .10600-11200 CE added 2.2 Lakh in OI so bears added position in range of 11000-11200.
  • 10800 PE OI@31 Lakhs having the highest OI strong support at 10800 followed by 10700 . 10600-11200 PE added 3 Lakh in OI so bulls added position in range 10800-11100.
  • FII’s  sold 561 cores and DII’s bought 699 cores in cash segment.INR closed at 72

Buy above 10861 Tgt 10885,10920 and 10952 (Nifty Spot Levels)

Sell below 10810 Tgt 10790,10775 and 10746 (Nifty Spot Levels)

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Category: astro nifty technicals

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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