FII FnO Analysis for 24 April trade in Nifty Future

By | April 23, 2012

Below is my Interpretation of FII OI data Sheet for 23-Apr-12.

1. FII  sold 21091  Contracts of NF worth 509 cores OI also increased  marginally by 6119.

2. As Nifty Futures was down  by 103 points and OI has increased  by 6119 , ie.Fall in Price with Rise in Open Interest,Fresh shorts were added by FII.

3. Nifty  closed below 20SMA@5260 before making multiple attempts  to close above 50 SMA@5337 .As Nifty has closed below 5260 trend has changed dramatically. This is the beauty of sideways range bound market that a small fall of 100 points changes the trend. Every sideways market is followed by a trending phase.

4. Finally Nifty closed below 5221, after 14 days following the range. Now as Expiry is just 3 days away Bears can press the button and make nifty fall on its own weight. Close below 5178 will spell trouble for bulls. Nifty 200 DMA@5137 will be the strong support and below its last support comes at 5077.

5. Nifty April   OI has decreased   by 11 Lakhs .Total OI stands at 1.70 cores.Longs were liquidated with fresh shorts must be added in panic mode.

6. Total F&O turnover was  1.63 lakhs  Cores  with total contract traded at 3.2 lakh .

7. 5400 CE saw an addition   of  12 lakhs in OI,total OI now stands at 78 Lakhs making it the higher end of April Series.5100-5300 CE saw an addition  of 34 lakh in OI.Sentiment has changed and seems we are heading for expiry below 5300.

8. On Put side 5100 PE is having highest OI of 67 lakhs  .5200 Base seems will get broken and now PE writers are concetrating of 5100 PE to make the base for Nifty. Expiry 3 days away and if 5130 gets broken on closing basis we can head for expiry below 5100.

9.FII  sold 407  cores and DII also bought 451 cores in cash segment.

10. Nifty Futures Trend Deciding level is 5128, Trend Changer at 5291NF (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).

Buy above 5233 Tgt 5261, 5278 and 5306

Sell below 5178 Tgt 5150,5137 and 5100(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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One thought on “FII FnO Analysis for 24 April trade in Nifty Future

  1. Patel dakshit

    About Friday freak trade event . I read in your site about CLSA. I searched in so many site with key word . But i could not find what exactly happened? Can any one post here plese. What was happened? Or nse has clarified?

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