Nifty Crashes below 12150,EOD Analysis

By | January 6, 2020 9:19 pm

  • FII sold 6.7 K contract of Index Future worth 976 cores, Net OI has increased by 23.9 K contract, 8.5 K Long contract were added by FII and 15.3 K  short were added by FII. Net FII Long Short ratio at 0.94 , So FII used fall to enter longs and enter shorts.
  • As discussed in last analysis    Nifty Bears were able to break 12225 and made low of 12191 waiting for our target of 12161/12125. Bulls will get active above 12250 for a move towards 12295/12351/12400. All downside target done, and as updated on twitter Below 12062 heading till 11947 we made low of 11974. Now bears need to break 11958 for fall to continue till 11905. Range of 11881-11910 is strong support zone. Bulls will get active above 12050 for a move back to 12100/12179.

  • Total Future & Option trading volume at 12 Lakh core with total contract traded at 1.56 lakh , PCR @1.05
  • Nifty Jan Future Open Interest Volume is at 1.19 Lakh core with addition of 1.16 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @12302 closed below it.
  • 12200 CE is having Highest OI at 25 Lakh, resistance at 12200 followed by 12300 .11800-12300 CE added 75 Lakh in OI so bears added position in range of 12200-12100.FII sold 3.2 K CE and 13.5 K CE were shorted by them. Retailers bought 235 K CE and 133 K  CE were shorted by them.
  • 11900 PE OI@15.3 Lakhs having the highest OI strong support at 11900 followed by 11800 . 12000-12400 PE liquidated 0.56 Lakh in OI so bulls covered position in range 12100-12200.FII bought 11 K PE and 1.5 K PE were shorted by them. Retailers bought 10.2 K PE and 16.4  K PE were shorted by them.
  • FII’s sold 103 cores and DII’s sold 23 cores in cash segment.INR closed at 71.55

Buy Above 12015  Tgt 12040,12070 and 12100 (Nifty Spot Levels)

Sell Below 11980 Tgt 11960,11935 and 11910 (Nifty Spot Levels)

Category: gann price and time trading

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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