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FII FnO Data Analysis for 15 march RBI Meet day

14 March 2012 1,786 views 3 Comments

Below is my Interpretation of FII OI data Sheet for 14-Mar-12.

1. FII  bought  31871  Contracts of NF worth 870 cores OI also increasing  by 13041 contracts.

2. As Nifty Futures was up by 38  points and OI has increased by 13041  contracts means  after 2 days of profit booking institutions are back on buying side and fresh longs were formed in market before the crucial RBI meet.

3. Today we Opened with a Gap of 60 Points and the gaps could not be sustained as we have discussed in our Facebook page One of Scenario which might occurs looking at current trading pattern Nifty will consolidate 5500-5550 till Inflation data comes than once data is announced go to fill gap or Trend Deciding Level of 5454 and than show a rally and Nifty obliged us today. 

4. Bull Market dips on bad news are used to buying  trading pattern today was a classical example With news of WPI inflation data coming at 6.95% was the excuse market took to start the gap filling process and it made a low of 5438 just 9 points short of gap bottom.

5. Nifty after today’s close has conquered the Golden Ratio 61.8%  with a close above 5454

Next target comes at 5535 close above this we can consider the correction is over and Swing high of 5630 will be breached.

6. Nifty made new monthly high of 5499 today move above this level tomorrow will provide additional booster to bulls.Will RBI oblige the Nifty bulls?

7. Nifty March  OI has increased   by 6.6  lakh .Total OI stands at 2.57 cores  contracts.Fresh longs were added in Nifty Futures.

8.Total F&O turnover was  1.04  Lakh  Cores  with total contract traded at 300704 .

9. In equity FII bought  1659 cores DII sold   857 cores. We are rising with Tide and njoy the longs till the music lasts.Volumes in cash segments were decent and it give additional confirmation buying is happening at lower levels

10. 5600 CE is having highest OI of  56  Lakhs with negligible additions,Call Writers are not writing the calls. This can be taken the first indication that 5600 is going to break.  5200 PE having highest OI of 88  lakhs with addition of  9 lakhs. 5200 seems to be a firm base.

11. From Yesterday analysis we got a clue 5400 will be finally conquered with less Call written and more 5400 PE saw an addition. Keep an eye on 5600 PE as OI is only 14 lakhs and premium being 155. Now if 5600 needs to be conquered this OI has to increase.

12. Nifty Futures Trend Deciding level is 5498 at Trend Changer at 5386 NF (Above this Level Bulls will rule Nifty).

 

 Buy above 5483 Tgt 5500,5534 and 5555

 Sell below 5458 Tgt 5428,5405 and  5392 (Nifty Spot Levels)

 

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

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3 Comments »

  • Ranvirsingh said:

    Dear Brahmesh,

    It seems the macro picture of the stock market is being ignored because of being more focused on the technical side.. for eg. where are the volumes in the gap-ups? can any one say how the gap-up occurred & what were the volumes (longs shorts whatever) in that gap-up? If its a bull rally there has to be a considerable volume to sustain it.. are there any figures with regards to the volumes in each individual options segment of calls & puts?? I am still sceptical that going ahead market will have a bull run.. but these are my views.. just let me know your insights as well…

    regards,

    Ranvirsingh

  • Bramesh (author) said:

    Dear Sir,

    This is liquidity driven rally. Central bankers BOE,ECB,BOJ and Fed are pumping trillion of Dollars and Euro in world market,now where than money will get deployed. It will get riskier assets like Indian markets and BRICS.

    Always remember Bull markets are made up of skepticism. No one will accept its bull market but market will keep on going up.

    Regrading Volumes please check the Options chain we have decent volumes.

    Gap Up occurs because of global factors and closing above gaps do denote buying is coming on lower levels.

    Rgds,
    Bramesh

  • Abhinay said:

    dear Bramesh sir,
    no update for the budget day?
    Regards,
    Abhinay

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