Nifty Technical Analysis & Signals

By | September 15, 2021 8:41 am

  • FII  sold 2.3 K contract of Index Future worth 197 cores, Net OI has decreased by 403 contract 1.3 K  Long contract were covered by FII and 949  Shorts were added by FII. Net FII Long Short ratio at 1.3 so FII used fall to exit longs and enter shorts.
  • As Discussed in Last Analysis Price is creating resistance at gann angles finding is diffcult to cross. As we have culimation of astro/Gann dates we can expect a good trending move. Bulls need to break 17400 for a move towards17444/17508/17576. Bears will get active below 17301 for a move towards 17239/17173/17107/17042.  Nifty opened above 17400 and made high of 17438 but closed below 17400 so whipsaw for bulls  we have formed NR7 pattern in nifty also. Bulls need to break 17400 for a move towards 17444/17508/17576. Bears will get active below 17366 for a move towards17306/17241/17175. Market will test our patience let levels come and Discipline will be rewarded. 

  • A flat day. Though the trading volumes are high, not much changes are visible either in the FII activity on Nifty Future OI. It is a pause day before both the bulls and bear camps plan their next course of action. Culmination of  Astro Dates Mars going Ingress on 14 should act as a trigger for big move.
  • Nifty Sep Future Open Interest Volume is at 1.46 Cores with addition of1.6 Lakh with increase in cost of carry suggesting LONG positions were added today.
  • There is total OI of 4.6 Cores on the Call side and 4 Cores on the Put side. More OI on CALL side suggesting Bearish sentiment in market players.
  • The Option Table data indicates decent support at 17200 and reasonable resistance at 17500.
  • Retailers have bought 235 K CE contracts  and Sold 176 K CE contracts on Put Side Retailers bought 100 K PE contracts and 123 K PE contracts were shorted by them suggesting having bullish outlook,On Flip Side FII bought 31.8 K CE contracts and 49.2 K CE were shorted by them, On Put side FII’s bought 6 K PE and 6.3 K PE were shorted by them suggesting they have a turned to neutral Bias.
  • FII bought 1649 crore and DII sold 310 cores. USD Closed at 73.79
  • For Positional Traders Stay long till we are holding Trend Change Level 17158 and stay short below it. That will help you stay on the side of Institutions and which has a greater risk-reward ratio. For Intraday Traders 17400 will act as a Intraday Trend Change Level. 

Buy Above 17380 Tgt 17400, 17424 and 17460 (Nifty Spot Levels)

Sell Below 17323 Tgt 17290, 17255 and 17225(Nifty Spot Levels)

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