FII’s sold 8987 contract of Index Futures worth 300 cores (11.2 K longs were squared off and 2.2 K shorts were squared off in Index Future) with net OI decreasing by 13.4 K contracts.FII’s were square off more today. 6656 got broken and Nifty moves down to 6638 which is near 50% Fibo retracement. Any… Read More »
FII’s sold 13139 contract of Index Futures worth 444 cores (10.1 K longs were squared off and 3 K shorts were added in Index Future) with net OI decreasing by 7 K contracts. Nifty closed below its 20 DMA for 5 day in row which is bearish in short term, but momentum is missing on downside… Read More »
FII’s bought 2668 contract of Index Futures worth 86 cores (5.7 K longs were added and 3 K shorts were added in Index Future) with net OI increasing by 2.6 K contracts. So today’s FII’s first time in the series added substantial amount of longs in index futures. Nifty closed below its 20 DMA for 4… Read More »
Last Week we gave Chopad level of 6790, Nifty did 2 target on downside . Lets analyze how to trade Nifty for 1 week before the exit polls results Nifty Hourly Chart Nifty Hourly charts took exact support at 200 HSMA, Holding the same bounceback till 50HSMA can be seen. Nifty Elliot Wave Analysis… Read More »
Lets analyze Nifty future move for May month using Harmonic pattern using AB=CD and Crab Pattern. Nifty Harmonic pattern The Harmonic pattern bearish AB = CD formation AB leg is from 5118 to 6415 took 16 Weeks to form with a rally of 1313 points. BC leg is from 6415 to 5933 (which is… Read More »
FII’s sold 7936 contract of Index Futures worth 267 cores (963 longs were added and 8.8 K shorts were added in Index Future) with net OI increasing by 9.8 K contracts. So today’s FII’s continued adding shorts in Index future. Nifty closed below its 20 DMA for 2 day in row which is bearish in short… Read More »
FII’s sold 12451 contract of Index Futures worth 427cores (21.6 K longs were squared off and 9.2 K shorts were squared off for Index Future) with net OI decreasing by 30.8 K contracts. So today’s FII’s exited both long and shorts in Index future. Nifty closed below its 20 DMA which is bearish in short term,… Read More »
Last Week we gave Chopad level of 6790, Nifty did 1 target on upside . Next week Thursday is a Holiday. Lets analyze how to trade Nifty for next 4 trading sessions. Nifty Hourly Chart Nifty Hourly charts has trading near its 50 HDMA, 6747-6743 will play an important role in coming week,taking support… Read More »
In our last post Nifty reaction to Lok Sabha election results we had a discussion on various scenarios which are possible. Lets discuss who can an “Investor” also use the Lok Sabha election event to rejig portfolio. In an election year, equities usually go up in the run-up to elections, and Market will always give Thumb… Read More »
FII’s bought 26.8 K contract of Index Futures worth 923 cores (31.1 K longs were added and 4.3 K shorts were added for Index Future) with net OI increasing by 35.4 K contracts. So today’s FII’s continue adding longs and also added fresh shorts Index Futures. Nifty reacted from the EW target of 6838 and… Read More »