FII Derivative Data Analysis for 23 July trade in Nifty Future

By | July 23, 2012

 

1. FII  sold 9246 Contracts of NF ,worth 654 cores with net OI increasing by 2404 contracts.

2. As Nifty Future was down by 40 points and OI has decreased by 2404 contracts  means FII have booked out longs from the longs created in past 2 days.

3. NS was unable to cross 5259 important resistance level as discussed in previous post,and Friday closing was not good for bulls as mentioned on Facebook weekly close should be above 5209. Today look out opportunity to buy around 5170-5150 NS.

4. Asian markets are bleeding but in July as we did not have any major moves and market looking for government action on diesel price hike and reform ticking with FDI in retail becoming an reality.Rollover pain will start and volatility will be name of game.

5. Nifty June OI is at 2.33 cores with an unwinding of 4 Lakh in OI, As Nifty was down by 40  points with reduction in OI  shorts were covered by retailers and HNI

6. Total F&O turnover was 1.18  lakh  Cores  with total contract traded at 1.9 lakh. Volumes are quiet high even if we are trading in a small range.

7.  5300 CE saw an huge addition of 16 lakhs and total OI stands at 1 core having highest OI.So 5300 is an immediate  upper ceiling. 5200 CE added

8. On Put side 5100 PE is an immediate support for market.5200 PE saw an liquidation of 5.6 lakhs with OI at 56 lakhs.

9.FII  bought 178.11 cores and DII sold 64.40  cores in cash segment.INR closed at 55.38  Live INR rate @ http://inrliverate.blogspot.in/)

10. Nifty Futures Trend Deciding level is 5167, Trend Changer at 5280 NF (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).

Buy above 5214 Tgt 5230,5350 and 5270

Sell below 5169 Tgt 5150,5125 and 5095 (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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