FII FnO Analysis for 14 May trade in Nifty Future

By | May 13, 2012

Below is my FII interpretation for FII datasheet for 14 May

1. FII  sold 16809  Contracts of NF worth 379 cores OI increased by 38191.

2. As Nifty Futures was down  by 35 points and OI has increased  by 38191 , which signify more shorts have entered the system.

3. Nifty has closed below 5000 for 3 day in a row  and  below 4951 which was a psychological level 61.8% retracement  and every attempt to move above 5000 was getting sold into. Trading below 5000 and daily adding shorts by FII gives a bearish picture ahead for series.

4. Today nifty was unable to fill the gap of 4905 bulls managed to bounced back.Now there are still 4 gaps which needs to be filled. Unfilled Gaps in Nifty(Click on the link to see)

Nifty gave a relief rally on 12 May from 4974-5038 which is 64 Points On Friday it moved from 4905 to 4976 which is again 71 points so Relief rally we are seeing are in range of 64-71 points, So till we see rallies between 60-80 points they should be sold into as these are just short covering rally. Any move above 100 points can gives us first indication the down-move is over.

5. Nifty  May  OI has increased by 3.9 Lakhs .Total OI stands at 2  cores. Shorts entered the system.

6. Total F&O turnover was 1.23 lakh  Cores  with total contract traded at 3.7 lakh.

7. 5200 CE saw an addition of 2.7  lakhs in OI,total OI now stands at 71  Lakhs making it the higher end of May Series.4900 CE has added 13 Lakh  in OI with total OI at 27 lakhs,Do the smart money about the rate cut in China 😉. Now 5200 looks a strong resistance for May series.  4900-5300 CE added 23 lakhs in OI which is a bearish sign. More call Addition more Bears will get stronger.

8. On Put side 4900 PE is having highest OI of 68 lakhs with unwinding of 2.4 lakhs,So 4900 looks a susceptible  base of series .Addition of 9 Lakhs in 4800 PE with total OI at 65 lakhs which means smart money is now moving to 4800 PE.

9.FII  bought 158 cores and DII sold 243 cores in cash segment.

10. Nifty Futures Trend Deciding level is 4748, Trend Changer at 5112 NF (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).If you see Trend Deciding level is down by almost 30 points which means FII have added more shorts in system.

Buy at 4937 Tgt 4969, 4995 and 5038

Sell below 4905 Tgt 4880,4850 and 4820 (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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