FII Derivatives Analysis for 28 May Trade

By | May 28, 2012

1. FII  sold 16696  Contracts of Index Futures worth 398 cores OI increased by 2162.

2. As Nifty Futures was up  by 6  points with  OI increased  by2162 , Short were covered by FII.

3. INR closed at new low of 55.57, So at last Fall in USD after 7 days of strength.

4.Nifty is still not out of woods and till the range of 4788-4957 is not broken expect range bound markets, This Week  will be the real test of rallies Will we be able to do a weekly close above 4957? Only Concern is Double Top formation at 4933. Unable to break the 4933 will be first sign of weakness creeping into.

5. Nifty  May  OI has decreased by 3.5  Lakhs .Total OI stands at 1.88 cores.Rollovers have started for June and till date 13 lakhs rollover have happened with NF range from 4825-4943.

6. Total F&O turnover was 1.22 lakh  Cores  with total contract traded at 2.66 lakh.Day of consolidation after a brief rally.

7.  5000 CE has seen an addition of 3.9 lakhs total OI now stands at 69 lakhs,Highest in May series. 5000 looks a strong resistance for May series

8. On Put side 4700 PE is having highest OI of 97 lakhs making 4700 a strong base.

9.FII  sold  623 cores and DII bought 435 cores in cash segment.FII are still net sellers in cash segments and which means rally was backed by short covering only.Total FII sell figure for May Series comes at 2486 cores.

10. Nifty Futures Trend Deciding level is 4693, Trend Changer at 4994 NF (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).

Buy above 4936 Tgt 4960,4993 and 5020

Sell below 4888 Tgt 4868,4848 and 4830 (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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