FII Derivative Data Analysis for 6 August Trade in Nifty Future

By | August 6, 2012

 

1. FII  sold 14453  Contracts of NF ,worth 348 cores  with net OI increasing by 5075 contracts.

2. As Nifty Future was down by 5 points and OI has increased by 5075 contracts  means FII have done partial profit booking in longs still no evidence of shorts getting added at higher levels, as NF has closed above the Rollover range of 5210.

3. NS closed at 5216 which is above 5203(Support are now coming down,5208 yesterday),Bulls firmly defended the support level firmly closing above 5203. We talked about the 64 point rule on 1 August trade so as per rule 5228 close was on Thursday So low should be at 5228-64=5164 and low made was 5165 on Friday 🙂 ,Going forward any correction till its limited to 64 points market are going to rally further.

4. Resistance for Nifty has come up to 5267  which needs to be watched closely ,Support now exists at 5200-5170 .Trend is still buy on Dips till 5203 is not broken on closing basis.SGX is pointing towards at start near 5270 NS

5. Nifty August OI is at 2.25 cores with an unwinding  of 1.78  Lakh in OI,fresh shorts were added by retailers and HNI.

6. Total F&O turnover was 1.01 lakh  Cores  with total contract traded at 2.81 lakh.

7.  5400 CE saw an  addition  of 1.7 lakhs and total OI stands at 61 lakhs, Again 9.8 lakh addition in 5500 CE suggests smart money are buying calls at higher level looking at FII Options data. Smart money bought almost 20 lakhs 5500 CE and looking at todays opening they will make good money on Calls.

8. On Put side 5000 PE saw an addition  of 8 lakhs,immediate support of Nifty.4900-5500 PE added total of 17 lakhs in OI.5300 PE added 4 lakh in OI suggesting market participants are seeing nifty sustaining above 5300 today.

9.FII  bought 208 cores and DII sold 434  cores in cash segment.INR closed at 56.01  Live INR rate @ http://inrliverate.blogspot.in/).

10. Nifty Futures Trend Deciding level is 5240, Trend Changer at 5206 NF (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).

Buy above 5267 Tgt 5306,5330 and 5350

Sell below 5200 Tgt 5180,5154 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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