FII Derivative Data Analysis for 8 June trade in Nifty Future

By | June 7, 2012

The PBOC cuts both the benchmark deposit and lending rate by 25 basis points. First time since 2008

Fitch Warns On US AAA Rating Amid Lack Of Fiscal Credibility

Fed Ben Bernanke gives no concrete steps to give fresh stimulus

1. FII  bought 46444  Contracts of NF ,OI increased by 26708. So today FII after yesterday’s short covering

2. As Nifty Future was up by 51  points and OI has increased by 26708 contracts means FII have created fresh longs today. Sentiment has turned from extremely bearish to Bullish ,Voices for Nifty at 5300 have started making rounds. Thats the beauty of Stock market from extremely bearish to super bullish in matter of 2 days.

3. Nifty made a high of 5060 just short of 200 DMA@5065, Above 200 DMA Bulls rule and tomorrow is Weekly closing so price action will be watched closely. 50 DMA@5092. Till 4910 is not broken Nifty remains “Buy on DIPS

4. Nifty has 2 Gaps runaway gaps remaining now 4887-4863 and 4997-5008. Keep an eye on these 2 levels.

5. Nifty June OI is at 1.59 cores  with an addition   of  5.2 lakhs in OI,longs were added today. 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 0.90  lakh  Cores  with total contract traded at 2.7  lakh. Cash Volume turnover was also good.

7.  5000 CE of June saw an unwinding of 4.5  lakhs , total OI now stands at 47 lakhs,5000 CE has seen no major unwinding today and 5100 CE also did add only 4.2 lakhs with total OI now at 49 lakhs. Ceiling has increased to 5100 on Higher end.

8. On Put side 4800 PE is having highest OI of 73  lakhs making 4800 a strong base.Discount is still visible in NF and looking at bullishness all around should get reduced in coming days,4900 PE has added 12 lakhs in OI so bears are slowing moving towards 4900 as Base.

9.FII  bought 675 cores and DII sold  33 cores in cash segment.FII were net buyer of 2054 cores in F&O segment also which affected INR which closed at 55.05( Line INR rate @ http://inrliverate.blogspot.in/)

10. Nifty Futures Trend Deciding level is 4936, Trend Changer at 4895 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 5070 Tgt 5092,5124 and 5150

Sell below 5039 Tgt 5019,4997 and 4962 (Nifty Spot Levels)

 

Disclaimer: These are my personal views and trade taken on these observation should be traded with strict Sl

We do discussion is Live market to update Nifty levels If you are interested you can LIKE the page to get Real Time Updates.

Follow on Facebook during Market Hours:  http://www.facebook.com/pages/Brameshs-Tech/140117182685863

You can register your email address under Post In your Inbox(Right Side Column) if you want to receive mail instantaneously as soon as site get updated. You will receive a confirmation mail in your registered email address you need to click on link to get it confirmed.

Leave a Reply