FII F&O Data analysis for 10 Sep trade in Nifty Future

By | September 9, 2012

Nifty made a weekly close above 5350 with huge shorts covering coming by FII. Read more on Weekly Analysis on Nifty

1. FII  bought 25718  Contracts of Index Future,worth 651.86 cores  with net OI increasing by  31200 contracts.

2. As Nifty Future was up by 98  points and OI has increased by 31200,FII covered shorts and initiated fresh long in Index Futures

3. NS closed at 5358 on Saturday which is 61.8% retracement from 5217-5448 and any close above golden ratio will take Nifty towards 5400. We have big gap from 5217-5309 formed on Friday.

4. Resistance for Nifty has come up to 5366 and 5400 which needs to be watched closely ,Support now exists at 5333 and 5309 .Trend is Buy on Dips till 5333 is not broken on closing basis.

5. Nifty September  OI is at 1.85 cores with an addition  of 7.22 Lakh in OI,so shorts which entered  the system Thursday got squared off  on Friday . Rollover range for September Series comes at 5400-5290.

6. Total F&O turnover was  1.06 lakh  Cores  with total contract traded at 2.45  lakh.PCR at 1.09 and VIX 15.26

7.  5600 CE  is having highest OI of 66 lakhs with an addition of 8.7 lakhs in OI.5300 CE saw a huge unwinding of 16 lakh in OI with net OI at44 lakhs,Call Writers ran for cover after the big gap up. 4900-5600 CE unwounded  22 lakhs in OI.

8. 4900 PE saw a huge unwinding of 22 lakhs,5300 PE adding 16 lakhs so 5300 is base for the next week as per position in 5300 PE.5000-5600 PE added 25 lakhs in Open Interest so bulls are back in game.

9.FII  bought 502 cores and DII  bought 218 cores in cash segment,INR closed at 55.53  Live INR rate @ http://inrliverate.blogspot.in/).

10. Nifty Futures Trend Deciding level is 5311, Trend Changer at 5294 NF. (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).

Buy above 5366 Tgt 5380,5400 and 5420

Sell below 5331 Tgt 5309,5285 and 5260 (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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