FII FnO Analysis for 17 April trade in Nifty Future

By | April 16, 2012

Below is my Interpretation of FII OI data Sheet for 16-Apr-12.

1. FII  sold 12620  Contracts of NF worth 333.58 cores OI also decreased  by 400. FII going into RBI credit policy with lighten positions.

2. As Nifty Futures was up  by 27 points and OI has decreased  by 400,FII have liquidated there longs.Rise in Price with fall in Open Intrest

3. Nifty  closed below 20SMA@5262 and 50 SMA@5339  for today making it bearish in short term. Trend is favoring bears and Sell on rise should be mantra for the positional traders.With the smart recovery seen today from 5183 still trend is favoring bears as nifty is trading below important averages.

4.Trading range for NF is 5380-5221. Bulls were able to close nifty above the lower range of 5221. So a tough fight is going on within bulls and bears in the range of 5380-5221. Will Mr. Subarao be able to resolve the conflict ?

5. As per Volume Profile chart 5319 and 5203 is High Volume node,Nifty has been consolidating in this range.


6. Nifty April   OI has decreased   by 1.94 Lakhs .Total OI stands at 1.70  cores  contracts.Liquidation of longs on higher levels before a key market moving event. Cautious approach is taken by traders.

7. Total F&O turnover was 91K  Cores  with total contract traded at 2.51 lakh .Again a low volume and lackluster session. GAAR issue has taken away volumes from market and making intraday trading quiet choppy.

8. 5400 CE added 7.72 lakhs in OI,total OI now stands at 75 Lakhs making it the higher end of April Series.5100-5300 CE added 10 lakh in OI which means smart money is betting on break of 5200.

9. On Put side 5200 PE is having highest OI of 64 lakhs with an Unwinding of 39K . 4900 PE saw an huge addition of 5 lakhs in OI . 5100 PE is having the second highest OI of 60 lakhs and becomes the next support on break of 5200.

10.FII sold 509 cores and DII bought 218 cores in cash segment.

11. Nifty Futures Trend Deciding level is 5173, Trend Changer at 5285 NF (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand)Hope traders went short below 5293 on Friday and made some quick money

Buy above 5245 Tgt 5262,5284,5306 and 5322

Sell below 5214 Tgt 5184,5164 and 5144(Nifty Spot Levels)

 

 Note:Tomorrow session will be quiet volatile and would request market participants to avoid trading if you cannot handle volatility and trade in less quantity as fast move can take away your stop loss. Money saved in money earned.

Disclaimer: These are my personal views and trade taken on these observation should be traded with strict Sl

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