FII F&O Data analysis for 11 Sep trade in Nifty Future

By | September 10, 2012

 

1. FII  sold 19129  Contracts of Index Future,worth 470.22 cores  with net OI decreasing by 33359 contracts.

2. As Nifty Future was down by 8  points and OI has decreased by 33359,FII have booked profit at higher levels today in Nifty and Bank Nifty Futures.

3. NS closed at 5363 above the  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 and its been 3 days Bulls are able to defend the higher levels,Today was the day of consolidation after huge run up.

4. Resistance for Nifty has come up to 5375 and 5400 which needs to be watched closely ,Support now exists at 5333 and 5309 .Trend is Buy on Dips till 5335 is not broken on closing basis.

5. Nifty September  OI is at 1.7 cores with a huge unwinding  of 17 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  0.74 lakh  Cores  with total contract traded which is lowest in 3 years  1.48  lakh.PCR at 1.08 and VIX 15.26.Cash volumes were dismisal

7.  5600 CE  is having highest OI of 70 lakhs with an addition of 3.6 lakhs in OI.5500 CE is having second highest OI at  OI at69 lakhs,Immedaite resistance is at 5400 CE. 5000-5600 CE added  8 lakhs in OI.

8. 5300 PE added another 11 lakhs so 5300 is base for the next week as per position in 5300 PE.5000-5600 PE added 11 lakhs in Open Interest so bulls are back in game.

9.FII  bought 692 cores and DII  sold 318 cores in cash segment,INR closed at 55.54  Live INR rate @ http://inrliverate.blogspot.in/).

10. Nifty Futures Trend Deciding level is 5322, Trend Changer at 5304 NF. (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).

Buy above 5380 Tgt 5400,5420 and 5450

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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