FII FnO data Analysis for 10 Sep

• FII's sold 6.5 K  contract of Index Future worth 267 cores, 11.1 K Long contract were squared off and 2.8 K short contracts  were squared off by FII's. Net Open Interest decreased  by 15.6 K contract , so FII squared off both long and shorts in Index futures.

Nifty continued trading in hourly channel and on daily chart near the rising trendline. Negative divergence are visible but close below 8100 is required for the divergence to show effect. Expect a good trending move in next 2 days as per time cycle analysis. 8200-8250 range should be used by traders to lighten up longs looking at euphoria..

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Nifty Weekly Chopad levels for 08-13 Sep

 Nifty Hourly Chart

Nifty Hourly charts trading in channel and near channle bottom, Holding 8050-8030 range nifty can scale back to new high, else correction till 7950 on cards.

Nifty Daily Chart

Nifty daily chart is near its upper trendline and also Bulls indicator is making negative divergence

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Nifty way forward for 2014 based on 2009 Election move

Using the Similarity in Price Action of  Year 2009 we are trying to analyze the way forward for Nifty in remaining of 2014

Bulls have been riding the Dalal street from Feb Month and got in momentum after May 16 election results. Analyst on Streets have been talking about 8500/9000 odd levels and every dip coming in market is getting bought into.
I tried to analyze the chart of Nifty from 2009 after election results and interesting study came out.
After 2009 election as seen in below chart Nifty saw 2 UC's followed by a period of upward sloping  from consolidation between two trendlines and then the upside breakout. The post pattern above the breakout resulted in move towards 123.6% of the channel width which formed an important top @ 6336 and than 1000 point correction in Nifty.

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Nifty completes ABCD harmonic pattern, How to trade now

• FII's bought 4.7  K contract of Index Future worth 191 cores, 379 Long contract were added and 4.3 K short contracts  were squared off by FII's. Net Open Interest decreased  by 4 K contract , so FII are doing profit booking  in short Index Futures.

Nifty  did another life high today @ 7969 and saw a reversal after 2:30 PM, as seen in below hourly chart, expanding triangle pattern is forming in Nifty suggesting if 7785-7755 is not held...

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Bank Nifty Weekly Analysis for Aug F&O expiry

Last Week we gave Chopad Level of 15176  Bank Nifty did 3 target on upside , rewarding Chopad Followers , Bank Nifty made a breakout last week so lets analyze  how to trade Bank Nifty in coming week.

Bank Nifty Hourly

Bank Nifty hourly charts has given a breakout now the resistance of 15750 will become an important support.Negative divergence are visible in hourly charts but ..

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