FII F&O Data analysis for 14 Sep trade in Nifty Future Trading

By | September 14, 2012

Bulls are having a great time with Support from Central Bankers. First it was ECB with unlimited Bond Buying now its US Fed who has started QE 3

  • *FED TO KEEP POLICY STIMULATIVE FOR `CONSIDERABLE TIME’
  • *FED WILL ADD TO PURCHASES IF LABOR MARKET DOESN’T IMPROVE
  • *FED DOES NOT SAY WHEN MBS PURCHASE PROGRAM TO END
  • *FED TO BUY $40B MBS MONTHLY, CONTINUE `OPERATION TWIST’
  • *FED TO BUY MBS, EXTENDS ZERO-RATE POLICY INTO 2015

SGX Nifty trading at 5536 Huge Gap up on its way http://sgxrtchart.blogspot.in/ We has discussed the possibility of Nifty hitting 5516 as per Ratio Theory in Weekly Analysis (Click on Link) and Today we will achieve the target.

We have Indian Inflation data which would be coming up between 11 AM- 12PMForecast is at 6.95% Previous was at 6.97%

1. FII bought 3953  Contracts of Index Future,worth 98.31 cores  with net OI increasing by 9789 contracts.

2. As Nifty Future was up by 3  points and OI has increased by 9789, FII have intitated fresh long in Nifty and Bank Nifty Future. Mometum is on higher side and weakness is still not present in Nifty Future.

3. NS closed at 5435 after making a high of 5447,the previous swing High. Nifty formed a perfect DOJI Candlestick pattern yesterday,but it should be termed as consolidation and today again we will breakout above 5450 to continue with the trend.Strength of Bulls can be gauged by sustaining above gap from 5217-5309 6 days in a row.

4. Resistance for Nifty has come up to 5531 and 5542 which needs to be watched closely ,Support now exists at 5483 and 5460 .Trend is Buy on Dips till 5343 is not broken on closing basis.

5. Nifty September  OI is at 1.86 cores with a fresh addition  of 2.64 Lakh in OI,long addition is seen in Nifty future .

6. Total F&O turnover was  0.81 lakh  Cores  with total contract traded at 5 years low at  1.28  lakh. PCR at 1.08 and VIX 15.37.

7.  5600 CE  is having highest OI of 96 lakhs with an addition of 13 lakhs in OI.5500 CE is having second highest OI at  OI at 82  lakhs,Immediate resistance is at 5500 CE. Speculative money is coming in 5700 CE with addition of 7 lakhs.5000-5600 CE saw an adding  of 17 lakhs in OI.So Bears are working with double top scenario and will get a blowout punch from Bulls.

8. 5400 PE added huge 13 lakh,Bulls want to make the 5400 as base for the rest of September series as they added 53 lakhs in 3 days.5000-5600 PE added  huge 7 lakhs in Open Interest so bulls are cementing ground for 5400 tomorrow.Bulls will try to add in 5500 CE and make as base for rest of September series.

9.FII  bought 361 cores and DII  sold 156 cores in cash segment,INR closed at 55.3  Live INR rate @ http://inrliverate.blogspot.in/).FII has bougth 2444 cores in cash market.

10. Nifty Futures Trend Deciding level is 5363, Trend Changer at 5335 NF. (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).Traders who are observing Trend Changer Level closely can see the powerful effect of it. We were in Buy from 5309 and today we will gain 200 points.

Buy above 5531 Tgt 5545,5575 and 5601

Sell below 5500 Tgt 5480,5460 and 5437 (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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