FII FnO Analysis for 16 April trade in Nifty Future

By | April 15, 2012

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

1. FII  bought  7972  Contracts of NF worth 214.50 cores OI also increased  by 1408. Monthly inflation data will be keenly watched

2. As Nifty Futures was down  by 70 points and OI has increased  by 1408,FII have created fresh shorts  in Index futures.

3. Nifty  closed below 20SMA@5265 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.As mentioned in Facebook page 5335 being an upper end of range and NF made a high of 5330 and tanked so traders using rise to Sell would have been profitable.

4.Trading range for NF is 5380-5221. It touched the upper end unable to sustain and bears pushed it to lower end Low today was 5245.So tomorrow we need to closely watch 5221 on closing basis. If it closes below it bears will have upper hand for the April series.– This is what we discussed on Thursday and Friday we made a low of 5185 but closed on 5221. Now 5221 becomes a crucial Number on NF for next week.

5. As per Volume Profile chart 5319 is High Volume node Closing above 5320 NF will give strength to bulls.Lower volumes exists at 5203 and below that 5160.


6. Nifty April   OI has increased   by 86K .Total OI stands at 1.72  cores  contracts.Shorts are getting added as now Week time frame is also favoring bears.

7. Total F&O turnover was 1.37 lakh  Cores  with total contract traded at 3.93 lakh .Volumes are back after long time. Fall was accompanied by volumes in both Futures and Equity turnover was also 13282 cores almost 30% jump.

8. 5400 CE added 14 lakhs in OI,total OI now stands at 67 Lakhs making it the higher end of April Series.5100-5300 CE added 15 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 3 lakhs. 4900 PE saw an huge addition of 13 lakhs in OI . 5100 PE is having the second highest OI of 58 lakhs and becomes the next support on break of 5200.

10.FII bought 137 cores and DII sold 479 cores in cash segment. DII have aggressively sold Infosys after its disastrous results.

11. Nifty Futures Trend Deciding level is 5140, Trend Changer at 5291 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 5233 Tgt 5265,5286,5306

Sell below 5178 Tgt 5160,5135 and 5117(Nifty Spot Levels)

 

 

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

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