FII Derivative Data Analysis for 29 May Trade in Nifty Future

By | May 28, 2012

1. FII  bought 3551  Contracts of Index Futures worth 96 cores OI increased by 38185.

2. As Nifty Futures was up  by 52  points with  OI increased  by38185 , Huge Short were covered by FII.

3. INR closed at new low of 55.14, which also contributed to Bullish bias today,NS has 11 Points gaps which needs to be filled. 4931-4920 is the gap which is left in NS after todays upmove.

4.Nifty today closed above 4960 and also above 20 SMA which is technically bullish,Till it trades above 4982 bulls have upper hand. Hourly charts are overbought and dips till 4920 can happen as we have gaps and cool off in hourly charts will also be required. Also today’s move was only on short covering as cash market volumes were lower than friday.

5. Nifty  May  OI has decreased by 10  Lakhs .Total OI stands at 1.78 cores.Rollovers have started for June and till date 23 lakhs rollover have happened with NF range from 4825-4993.June series also added fresh 12 lakhs in OI and looks longs got rollovered.

6. Total F&O turnover was 1.36 lakh  Cores  with total contract traded at 2.81 lakh.Rally was on back of short covering only.Cash based volumes were down 10% from fridays price which shows rally was backed by short covering and no delivery based buying has occurred.

7.  5100 CE has seen an unwinding  of 0.34 lakhs total OI now stands at 60 lakhs,Highest in May series. 5000CE has OI of 60 lakhs with unwinding of 8 lakhs ,If tomorrow morning first half we see an addition of 5-6 lakhs in 5000 CE, Nifty will find it difficult to cross 5000 and Traders can buy 4900 PE

8. On Put side 4700 PE is having highest OI of 85 lakhs making 4700 a strong base.4900 PE added 9 lakhs in OI premium being 13 rs so was it smart money buying the PE ?

9.FII  bought 108 cores and DII bought 167 cores in cash segment.

10. Nifty Futures Trend Deciding level is 4765, Trend Changer at 4992 NF (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).

Buy above 4996 Tgt 5010,5034and 5058

Sell below 4970 Tgt 4948,4920 and 4880 (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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