FII Derivative Data Analysis for 14 June trade in Nifty Future

By | June 13, 2012

 

1. FII  bought 43618  Contracts of NF ,worth 1076 cores. Highest Buy by FII in June series before the crucial inflation data.

2. As Nifty Future was up down by 3  points and OI has increased by 26004  contracts  means FII have created fresh longs in Index futures.

3. Nifty made a high of  5144 and closed above both 200 DMA@5069 and 50 DMA@5080, which is a bullish confirmation.  Till 4951 is not broken Bulls have upper hand. Tommrow we have the all important Inflation data and which if it comes at higher end will make it difficult for RBI to cut rates, so an important crucial data will decide further trend of nifty.

4. Nifty has formed a DOJI candlestick formation today,at a crucial level of 5125 unable to move above 5144 by tomorrow coupled with closing below 5060 can make bears rule for remaining part of series.

5. Nifty June OI is at 1.61 cores  with a fresh addition  of 4.5 lakhs in OI,longs  were added. Range as per Rollover data comes at 4825-5013, and we have comfortable closed above 5013.Todays low was also 5022. Today we gave the initial range in our Facebook page as 5095 – 5145 and Nifty subsequently made a high of 5144 and low of 5090 respecting the range on both ends. Hope traders were able to make some money.

6. Total F&O turnover was 0.98  lakh  Cores  with total contract traded at 2.82 lakh.

7.  5000 and 5100 CE of June saw an unwinding  of 27 and 55 K as we broke above 5125 and unwinding started but not a major one ,5200 CE has seen 5.8 Lakhs addition today with total OI now at 64 lakhs. Ceiling has increased to 5200 on Higher end.

8. On Put side 4800 PE is having highest OI of 80 lakhs making 4800 a strong base,4600 PE has added almost 4.3  lakhs in OI  almost 15  lakhs OI added in 3 days so smart money is buying lower strike puts, which are available at dirt cheap premium to hedge longs

9.FII  bought217 cores and DII bought 77  cores in cash segment. INR closed at 55.79  Live INR rate @ http://inrliverate.blogspot.in/)

10. Nifty Futures Trend Deciding level is 5017, Trend Changer at 4968 NF (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).

Buy above 5150 Tgt 5170,5184 and 5202

Sell below 5084 Tgt 5072,5044 and 5015 (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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