FII FnO Data Analysis for 02 march Trade for Nifty Futures

By | March 1, 2012

Below is my Interpretation of FII OI data Sheet for 01-Mar-12.

1. FII sold   13465  Contracts of NF worth 351.60 cores OI also decreasing  by 13253 contracts.

2. As Nifty Futures was down by 49  points and OI has decreased by 13253  contracts means profit booking on shorts which were created yesterday,Also we are seeing Profit Booking in carry over Longs from previous series as SAR level is coming down.

3. Nifty has for third day closed below  20 SMA@5414 which shows lack of strength of Bulls to drive Nifty above 20 SMA.Below 20 SMA first sign market is turning bearish.

Today’s positive outcome was formation of higher low of 5297 which was higher the Monday’s low of 5268.

Nifty ended with a loss of 45 points but did not breach the support level of 5300. In the immediate term the level of 5300 continues to remain as a support for Nifty. Only a breach of 5300 may drag it down till the recent swing low of 5268 and below that there may be further sell off till 5190 which is 200 DMA.On upside close above 20 SMA can propel Nifty back to 5455 and 5500 in near term.

4. Nifty March  OI has decreased   by 4.57  lakh .Total OI stands at 2.55 cores  contracts. Profit Booking in shorts.

5.Total F&O turnover was  97K Cores again lower than yesterday 1 Lakh cores with total contract traded in March series 347633 .Turnover is less than yesterdays turnover  meaning Bears are not aggressively  shorting the index.

6. In equity FII for first time after many days sold  126 cores DII sold 10 cores.

7. 5600 CE is having highest OI of  44  Lakhs seems with fresh addition of 1.7 Lakh contracts 5200 PE having highest OI of 74 lakhs with minor unwinding of 1.6 lakhs.IV  of both CE and PE is between 25-30 levels which are quiet high which implies some cooling off is required,Hence we can have a one sided move in coming days to cool down the IV.

8. 5400 PE saw an unwinding of  of 1.7 Lakh contract  as NF closed at 5390 with still whopping 60 points premium.

9. Next Trigger for Market are UP election results and Pre Budget rally.

10. FII SAR for Today 5358 NF March((For Positional Traders) and VWAP at 5428 NF (Below this Level Bears will rule Nifty).

11. FII Options OI is at 15 lakh the reason for ranged trading market. Trading Nifty in a range and eating the premium is the game with such high OI.

Buy above 5358 Tgt 5372,5400,5414 and 5437

Sell below 5326 Tgt 5298,5268 and 5244 (Levels mentioned are Nifty Spot)

Let me go by Disclaimer these are my personal views and trade taken on these observation should be traded with strict Sl

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4 thoughts on “FII FnO Data Analysis for 02 march Trade for Nifty Futures

  1. Bramesh Post author

    Thanks a lot Sir…

    Mistake corrected…

    Rgds,
    Bramesh

  2. Bramesh Post author

    Dear Sir,

    Look at the Data Sheet on Top of Post it says Index Option OI as 15 Lakhs.

    Rgds,
    Bramesh

  3. dr vaibhav

    REALY NICE INTERPRETETION — kindly NOTE —

    1- FII OI – whether increased or decreased ? – contradictory staements – i think its down by 15243 contracts — ?? s/o mildly bullish

    2 — point 11 — FII OI OPTIONS — mentioned as 15 lacks – huge ?? — as per data — standalone OI @ 5200 AND 5300 PE –IS APPROX 70 LACK SHARES AND FOR 5500 , 5600 CE — around 40 lack shares each — pls clarify — regards — dr vaibhav

  4. chaitanya

    Sir,
    point 1.. open interest increasing..

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