Below is my FII interpretation for FII datasheet for 7 May
1. FII sold 44106 Contracts of NF worth 1038 cores OI increased by 25294.
2. As Nifty Futures was down by 134 points and OI has increased by 25294 , ie.Fall in Price with Rise in Open Interest,short positions are added by FII.
3. World markets are down in deep Red as US Non Farm payroll data disappointed , Wave of Anti Austerity is sweeping Europe with French President Sarkozy being the 12 Leader who has been given thumps down in Europe and most Shocking Anti bailout parties winning in GREECE. Apart from that our Indian Economy macros are in pretty bad shape. INR is about to breach all time high of 54.40 and Nifty down to 3 months low. Crude Crashed below 100$ but no gain for India and INR has appreciated by equal amount. Adding to this lack of Clarity on GAAR will add fuel to fire. Any break of 5000 can lead to Gaps to be filled till 4600 levels, Unfilled Gaps in Nifty(Click on the link to see)
4. Range for Nifty Futures for May series as per Rollover data comes to 5275-5187.As soon as the range broke on Friday Bears overpowered bulls and we are down almost 200 points from it,If we include todays gap down opening at 5008 as SGX is Suggesting. Nifty broke the 200 DMA @5120 which is an extremely bearish sign,investor try to reduce exposure on equity holding till nifty trades below 200 DMA.
5. Nifty May OI has increased by 3.74 Lakhs .Total OI stands at 1.88 cores.Shorts were added in NF
6. Total F&O turnover was 1.11 lakh Cores with total contract traded at 3.41 lakh .Volumes spiked up with fall in Nifty.
7. 5300 CE saw an addition of 7.7 lakhs in OI,total OI now stands at 53 Lakhs making it the higher end of May Series.The Upper end of Series 5287 is the top for market for May series. 4900-5300 CE added 37 lakhs in OI which is a bearish sign. More call Addition more Bears will get stronger.
8. On Put side 5000 PE is having highest OI of 66 lakhs .Base around 5000 will get tested today and Morning gap down can be used to intitate buy in NF around 5000 and with a Strict SL of 10 points. Book Profit on a rise of 15-20 points.More Details will give on Facebook page.
9.FII bought 472 cores and DII sold 280 cores in cash segment.
10. Nifty Futures Trend Deciding level is 4980, Trend Changer at 5215 NF (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).
Buy at 5005 Tgt 5021, 5046 and 5070
Sell below 4991 Tgt 4977,4947 and 4905 (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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