FII Derivative Data Analysis for 18 June trade in Nifty Future

By | June 18, 2012

 

1. FII  bought 8562 Contracts of NF ,worth 197 cores.

2. As Nifty Future was up up by 93  points and OI has increased by 24604  contracts  means FII have created fresh longs in Index futures.

3. Nifty made a high of  5146 and closed above both 200 DMA@5070 and 50 DMA@5072, which is a bullish confirmation.  Till 4972 is not broken Bulls have upper hand. We have RBI policy today with market having high expectation, Greece election has turned out to be in market favour and Global markets are rallying RBI can add booster to the same or spoil the rally as lot of been has already be priced in.

4. As 50 and 200 DMA at crucail juncture and we can see the formation of Death Cross if nifty starts trading below 5072.

5. Nifty June OI is at 1.63 cores  with a fresh addition  of 7.5 lakhs in OI,longs  were added.So huge longs were added on Friday and as we wll get a gap up opening taking longs in opening will not be a good trade wait for dip to come or follow levels given on Facebook page.

6. Total F&O turnover was 1.02  lakh  Cores  with total contract traded at 2.95 lakh.

7.  5000 and 5100 CE of June saw an unwinding  of 2.9 and 5.1  lakh as we broke above 5125 ,5300 CE has seen 66 K addition today with total OI now at 64 lakhs. Ceiling has increased to 5300 on Higher end.

8. On Put side 4800 PE is having highest OI of 83 lakhs making 4800 a strong base,4600 PE has added almost 14  lakhs in OI   so smart money is buying lower strike puts, which are available at dirt cheap premium to hedge longs

9.FII  bought 339 cores and DII bought 120  cores in cash segment. INR closed at 55.60  Live INR rate @ http://inrliverate.blogspot.in/)

10. Nifty Futures Trend Deciding level is 5025, Trend Changer at 4990 NF (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).

Buy above 5195 Tgt 5230,5250 and 5278

Sell below 5139 Tgt 5118,5090 and 5070 (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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