FII Derivative Data Analysis for 16 July trade in Nifty Future

By | July 15, 2012

 

The Grinding down continues,Nifty Opens trades in narrow range in better half of the day and some range expansion is seen in the last hour of the day. Ranges are quiet small such consolidation are precursor for directional trending moves ahead. Trade in less quantity and wait for market to show the direction.

 

1. FII  sold 1635  Contracts of NF ,worth 39 cores with net OI increasing by 12823 contracts.

2. As Nifty Future was down by 11  points and OI has increased by 12823 contracts  means FII initiated  fresh  shorts in Index futures.

3. As we had discussion traders who have shorted NF in range of 5330-5340 should have book around 5217,Nifty has formed a double bottom at 5217 which is bullish indication and the way US markets have closed on Friday we are in for a gap up on Monday. 5271 should be watched closely,fireworks above it only.

4. Resistance for Nifty has come up to 5271  which needs to be watched closely tomorrow,Nifty also has a gap of 9 points which needs to be filled from 5336-5345, another gap at 5267-5306 and last one from 5189-5150. So 3 gap in range of 5150-5350 and eventually will get filled.

5. Nifty June OI is at 2.37 cores with an fresh addition of 4.8 Lakh in OI, As Nifty was down by 11 points with rise in OI  shorts were added.

6. Total F&O turnover was 0.98  lakh  Cores  with total contract traded at 2.09 lakh, Volumes again dried away. Range for NF is just 48 points.

7.  5300 CE saw an addition of 7.6 lakhs and total OI stands at 77 lakhs and 5400 CE has the highest OI at 91 lakhs. So 5300 is an immediate  upper ceiling.

8. On Put side 5000 PE is having highest OI of 82 lakhs  with 2 lakhs unwinding  meaning 5000 is current base for market,Liquidation of 15 lakhs was seen in 5000-5300 PE .5200 is the immediate support for market based on Options data.

9.FII  bought 281.13 cores and DII sold 370  cores in cash segment.FII has pupmed in 6961 cores in July series in cash segment. INR closed at 55.27 as Trade Deficit narrowed to just 10 billion dollar  Live INR rate @ http://inrliverate.blogspot.in/)

10. Nifty Futures Trend Deciding level is 5194, Trend Changer at 5303 NF (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).As a matter of fact NF has closed below 5303 and trend is bearish till 5303 is not taken out.

Buy above 5237 Tgt 5257,5271 and 5300

Sell below 5215 Tgt 5189,5150 and 5130 (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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One thought on “FII Derivative Data Analysis for 16 July trade in Nifty Future

  1. Aayush

    what they will do is just expire off nifty at 5300.. eat all ce premium from 5300 to 5500 and pe from 5300 to 5000

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