FII FnO Analysis for 27 April trade in Nifty Future

By | April 27, 2012

Below is my Interpretation of FII OI data Sheet for 26-Apr-12.

1. FII  sold 13099  Contracts of NF worth 348 cores OI decreased by 188754.

2. As Nifty Futures was down  by 12 points and OI has increased  by 188754 , ie.Fall in Price with Fall in Open Interest,long liquidation  by FII.

3. Today we have weekly closing, close below 5189 will turn weekly time frame down. On Monday we have Monthly closing watch out for 5217 any close below this will be bearish f0r 2012. April Series has done nothing From March to April expiry Nifty just moved 11 points 🙂

4. Range for Nifty Futures for May series as per Rollover data comes to 5275-5187. Keep a close eye on both these level,Close above 5275 will be bullish and below 5187 will be bearish. Move within the range will be grinding. As per OI data i accept May to be a trending month. May has been a pretty nasty month from equity market perpective and most of us remember the one line “Sell in May and Go away to protect your capital.”

5. Nifty  May  OI has increased by 32 Lakhs .Total OI stands at 1.80 cores.Shorts were rollovered from April with fresh shorts getting added .

6. Total F&O turnover was  1.90 lakhs  Cores  with total contract traded at 3.2 lakh .

7. 5600 CE saw an addition   of 8 lakhs in OI,total OI now stands at 39 Lakhs making it the higher end of Mayl Series.5400 CE OI at 32 is the second highest in May Series.

8. On Put side 5000 PE is having highest OI of 39 lakhs .Base of May Series is coming at 5000 PE. Well these are early days in May series and todays price action will provide further clue. As such we have a rang eof 5000-5600 for May series.

9.FII  sold 376  cores and DII also bought 60 cores in cash segment.Its been 4 days in a row FII are sellers in cash segments which signify they are booking profit in cash holding and shorting in Futures, an early indication of fall to come.

10. Nifty Futures Trend Deciding level is 5153, Trend Changer at 5224 NF (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).

Buy above 5195 Tgt 5218, 5231 and 5246

Sell below 5158 Tgt 5135,5118 and 5100(Nifty Spot Levels)

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

We do discussion is Live market to update Nifty levels If you are interested you can LIKE the page to get Real Time Updates.

Follow on Facebook during Market Hours:  http://www.facebook.com/pages/Brameshs-Tech/140117182685863

You can register your email address under Post In your Inbox(Right Side Column) if you want to receive mail instantaneously as soon as site get updated. You will receive a confirmation mail in your registered email address you need to click on link to get it confirmed.

Leave a Reply