FII Derivative Data Analysis for 6 June trade in Nifty Future

By | June 5, 2012

1. FII  bought 12154 Contracts of NF worth 285 cores,OI decreased by 6230.

2. As Nifty Future was up by 6  points and OI has decreased by 6230 contracts means FII have used the rise to cover shorts.

3. Nifty made a high of 4898 today but unable to sustain above it. Fibo Resistance comes at 4895 and 4924, Unable to close above 4895 means FIBO traders have intitated shorts at higher levels.

4. Nifty has formed a DOJI pattern along with a close below 20 SMA which shows Bears are still having upperhand. Nifty remains in Sell on Rise mode.

5. Nifty June OI is at 1.58 cores  with an unwinding  of  0.64 lakhs in OI,Weak bears closed the position during the morning session when we saw an upmove till 4898. 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.

6. Total F&O turnover was 0.73 lakh  Cores  with total contract traded at 2.46 lakh. Turnover have been quiet low for first 3 days of series.

7.  5000 CE of June added 5.4 lakhs, total OI now stands at 54 lakhs,Highest in June series. 5000 is the potential resistance as of now coz everytime nifty reached 4900 zone addition in 5000 CE increases so smart money is using rise to eat the premium.

8. On Put side 4500 PE is having highest OI of 67 lakhs making 4500 a strong base. Total CE addition was 12.5 Lakhs and PE addition of 11.2 lakhs so bears have upperhand till date in the series.

9.FII  sold  680 cores and DII bought 794 cores in cash segment.FII have net sold 1538 cores in this series and DII have bought 1446 cores and just 92 cores is bought by retail investors.

10. Nifty Futures Trend Deciding level is 4732, Trend Changer at 4854 NF (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).As there was just 7 point addition in Trend deciding level no major longs are added by FII.

Buy above 4870 Tgt 4892,4909 and 4925

Sell below 4841 Tgt 4818,4796 and 4767 (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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