FII FnO Data Analysis for 09 march Trade for Nifty Futures

By | March 8, 2012

Below is my Interpretation of FII OI data Sheet for 07-Mar-12.

Wishing all Blog Readers a Happy Holi.

1. FII  sold  28305  Contracts of NF worth 742 cores OI also decreasing  by 18059 contracts.

2. As Nifty Futures was up by 8  points and OI has decreased by 18059  contracts means  profit booking on  shorts were done by institutions

3. Yesterday close was very crucial for Nifty as it bounced from the expected support of 5171 as shown in below chart. 5166 was 200 DMA and 5171 was channel support.

4. From past 2 days Nifty is closing above 38.2% retracement of 4531-5630. This calls for a bullish case but confirmation will come with a close above 5275 tomorrow.

5. Nifty March  OI has increased   by 9  lakh .Total OI stands at 2.49 cores  contracts.Short covering was witnessed in NF

6.Total F&O turnover was  1.15 Lakh  Cores  near 200 DMA Volumes were decent with total contract traded at 471951.

7. In equity FII sold  504 cores DII sold  130 cores. Both FII and DII were sellers but we saw a quick recovery in last hour of trade which means it was lead of short covering.

8. 5600 CE is having highest OI of  51  Lakhs seems with fresh addition of 2 Lakh contracts 5200 PE having highest OI of 68 lakhs with unwinding of  of 7 lakhs.5200 PE writers got panicked with a move below and a weak hand shake off has happened. As SGX is trading at 5311 as we speak.

9. 5400 looks like laxman rekha for bulls as it is having the highest OI of 43 Lakh contracts and also we have the most important resistance of 20 DMA @5425 so below this Nifty will be under bearish underlying.

10. Fibo Ratio from 4532-5630 38.2% comes at 5214 which was protected today. Tomorrow if we open gap down 200 DMA@5165 should provide the support.50% retracement comes at 5084.– This is what we said on Tuesday and Low made by Nifty is 5171 and a bounce back.

11. FII SAR for Today 5234 NF March((For Positional Traders) and VWAP at 5343 NF (Below this Level Bears will rule Nifty).

People who are carrying positional short would advise them to lighten themselves near 5160 NS levels,Traders who have headed to this advise on Wednesday EOD will rejoice tomorrow.Money saved is money earned

 

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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11 thoughts on “FII FnO Data Analysis for 09 march Trade for Nifty Futures

  1. Sreenu N

    Dear Mahesh,

    What ever comments u put on Brahmesh are completely

    Stupid.Brahmesh is wonderful and very genuine person in indian

    stock market.No body is here to give complete free service.

    Do you know how much time to gather all this information?.Pls

    dont pass such comments.If u want to follow his advices thats ok.

    Or else leave it.

    Brahmesh sir what ever ur advices regarding trading are simply

    superb.Pls dont mind of thease silly comments

    Thanks

    Regards

    Sreenu N

  2. Arjun

    Hi Bramesh,
    I agree with all your points above . I have been following your blog and like the guidance that you give.
    Rightly said , it takes years to develop expertise and your efforts will only be valued if there is a price to it. As a buyer , one has the choice not to opt for the services if they believe they do not match the value.
    Regards,
    Arjun

  3. dr vaibhav

    My view on this controversial arguments — Probably BRAMESH SIR is right — i m following his blog since long time — and he has always expressed his views properly — secondly he is neither insisting nor compelling anybody in any manner — TO BUY HIS SYSTEM – whatever fees he is charging for the same appears reasonably well — so my suggestion for the readers is — those who realy trust the system , are ready to spend and are eager / enthusiastic to buy his systen shud go ahead with it — for those who feel this is a marketing gimmick — shud simply avoid this system // avoid reading this blog – there r so many reccomendations flying around — you ve ample to choose from — ITS EVERYBODYS CHOICE FINALY — rgds — dr vaibhav

  4. Bramesh Post author

    Hi Sir,

    Always trade in pyramiding structure

    Buy above 5324 and make full buy qty above 5425

    Rgds,
    Bramesh

  5. Bramesh Post author

    Dear Mahesh sir,

    Why do i charge for course Let me give you my justification

    1. I value my time.

    2. Its rule of Nature If you get anything without struggle and free of cost that thing looses the value.

    3. Systems do not get developed in a matter of days or two, it takes years to develop system and further to back test it. And its not like someone asks me i can explain instantaneously.

    4. If you feel my methods are not yielding you profits you aviod them and work on your own system or any other thing u like.

    5. Lastly if you feel i am doing a selling gimmick and i am here to confuse retailers with Strange words like SAR (as a matter of fact SAR as a word has been in existence from past many years and its once of the basic concept of TA) please unlike my page and stop following me on Facebook and divert your energy and attention to trading and making your own systems.

    6. Am i not providing SAR levels daily, Or am i charging you or someone to provide SAR levels. Think about it before making accusation on me of selling the course.

    Rgds,
    Bramesh

  6. tushar

    Mahesh,
    dont blame anyone. it is your decision when to buy and sell. many analyst i observed are very incorrect and they keep saying wrong things. bramesh sir is telling his own view.may be he is right

  7. mahesh s

    so all this updates look like a hidden agenda to sell course. like first confuse retailers with strange words like SAR etc then do not answer when ask how to caculate it. and tell them to buy your course.

  8. mahesh s

    Hello bramesh,
    It seems you understand market clearly and you are a good trader. And good trader usually makes a lot of money. so when you are already making a lot of money from the market successfully, why are you charging money for the course. you can be generous and can do some philanthropy.

    I am asking this because we have heard that most of the good trader are usually quiet about their methods/system etc. and only those methods are sold which are of low probability success. because in facebook discussion you NEVER answer any question abt systems/ sar etc.. whenever anyone asks abt it you quickly tell them to attend course.
    please clarify,

    mahesh.

  9. Monty

    Hi,

    VWAP 5343 & 20DMA 5425….please clarify when one should look for going long at 5343 or on crossing 5425

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