FII Derivative Data Analysis for 11 June trade in Nifty Future

By | June 11, 2012

Spain got 100 Billion Euro of bailout from EU and World markets are in deep green up between 1.5-2%

http://sgxrtchart.blogspot.in/  SGX trading at 5130 so well above 200 DMA

1. FII  sold 6610  Contracts of NF ,OI increased by 1470. So FII after booked profit in longs near 200 DMA.

2. As Nifty Future was up by 30  points and OI has increased by 1470 contracts with total contract sold at 6670 means FII have booked profits in Index futures longs  today.

3. Nifty made a close at  5068 just above 200 DMA@5065, Above 200 DMA Bulls rule and 50 DMA@5092. So as SGX is suggesting we should open near 5130 and use this rise to book profits not to go long, We will see an intraday dip tilll 5090.  Till 4910 is not broken Nifty remains “Buy on DIPS”

4. Nifty filled the gap of 4997 and gave a swift rally till 5084 so this is how gaps help in making quick money.

5. Nifty June OI is at 1.56 cores  with an unwinding  of  3 lakhs in OI,shorts  were covered. Range as per Rollover data comes at 4825-5013, and we have comfortable closed above 5013. Bulls have upperhand now.

6. Total F&O turnover was 1.05  lakh  Cores  with total contract traded at 3.3 lakh. Cash Volume turnover was also good.

7.  5000 CE of June saw an unwinding of 3  lakhs , total OI now stands at 44 lakhs,5100 CE has seen no major addition today with total OI now at 50 lakhs. Ceiling has increased to 5100 on Higher end.

8. On Put side 4800 PE is having highest OI of 75  lakhs making 4800 a strong base,On Friday 5000 PE has added 10 lakhs in OI with totak OI now at 48 lakhs.

9.FII  bought 202 cores and DII sold  81  cores in cash segment. Live INR rate @ http://inrliverate.blogspot.in/)

10. Nifty Futures Trend Deciding level is 4969, Trend Changer at 4911 NF (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).See how NF moved above Trend changer levels and we had such a big rally so both these levels need to be watched closely.

Buy above 5090 Tgt 5130,5150 and 5180

Sell below 5049 Tgt 5016,4997 and 4962 (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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