FII Derivative Data Analysis for 4 June trade in Nifty Future

By | June 4, 2012

 

1. FII  sold 21970 Contracts of NF worth 496 cores,OI increased by 23336.

2. As Nifty Future was down by 97 points and OI has increased by 23336 contracts means FII hace added shorts into the system.

3. Nifty will open near crucial support of 4767 which is 78.6% retracement of entire move from 4531-5630,any close below the same will increase the probability to touch the 52 week low of 4531

4. Taking an overall view of June series, things looks bearish as today was Monthly close and Nifty closed below 4950 on monthly basis which make it SELL ON RISE on Monthly time frame. Sentiment is bearish still we have not seen the phase of total capitulation,where last bull is wiped out of market. Till that phase do not arrive markets will continue with slow and steady decline.

5. Nifty June OI is at 1.5 cores  with fresh addition of 10 lakhs in OI. Range as per Rollover data comes at 4825-5013.So now Keep an eye on these 2 levels 4825 on downside and 5013 on upside,Any break below 4825 will be precursor for a trending move to start and same applies above 5013. On Friday we closed at 4824 and todays close will be important to observe are we able to close above 4825 or not?

6. Total F&O turnover was 0.79 lakh  Cores  with total contract traded at 2.94 lakh.As i had discussed that after 3 days of grinding moves and we atlast saw a trending down move on Friday 🙂

7.  5000 CE of June  has seen an addition  of 9.6 lakhs total OI now stands at 48 lakhs,Highest in June series. 5000 is the potential resistance as of now.

8. On Put side 4500 PE is having highest OI of 65 lakhs making 4500 a strong base. So wide range for June series come at 5000-4500.FII PE Buy comes at 4098 which is very peculiar and surprising, Zoom into Option table and you will see an addition of 18 lakhs in OI for 4200PE which means FII have build position in 4200 PE.

9.FII  sold  220 cores and DII bought 205 cores in cash segment.

10. Nifty Futures Trend Deciding level is 4696, Trend Changer at 4883 NF (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).

Buy above 4832 Tgt 4850,4866,4900

Sell below 4767 Tgt 4744,4714 and 4690 (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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