FII F&O Data analysis for 16 Oct trade in Nifty Future

By | October 15, 2012

Reliance Results should bring some cheers to Dalal Street Bulls tomorrow. Click on Link to see RIL and Axis bank Q2 Results

1. FII bought 12999 Contracts of Index Future,worth 284.17 cores with net OI increasing by 4067 contracts.

2. As Nifty Future was up by 16 points and  Open Interest in Index Futures increased by 4067,so  FII created fresh longs. Basically if one sees the average buying and Selling of FII it clearly shows lot of day trading is happening. After big rise we had in Sep and early October its range bound session which is going on.

3. NS closed at 5687 after making a high of 5694 but unable to break our resistance level of 5700 and Support of 5638  . Nifty daily chart is forming a Head and Shoulder pattern we are in process of forming a Right Shoulder now so if 5815 is not breached and 5630 gets broken in coming week lower levels are quiet possible.

4. Resistance for Nifty has come up to 5700 and 5725 which needs to be watched closely ,Support now exists at 5674 and 5651 .Trend is Sell on Rise  till 5725 is not broken on closing basis.

5. Nifty  Future October  Open Interest is at 2.46 cores with unwinding of  2.46 Lakh in OI,shorts did profit booking in Nifty future .

6. Total F&O turnover was  at 1.02 lakh  Cores  with total contract traded at month low of 1.72 lakh,  PCR at 0.94 and VIX  at 15.90. Important point to note is FII have pumped in 10K cores in cash market and NF is down 27 points from start of series, which shows the supply pressure coming at higher levels.

7.  5800 CE  is having highest Open Interest of 91 lakhs with fresh addition of 1.07 lakhs in OI and Premium at 21 (down from 42).5900 CE Open Interest at 88 with net unwinding of 2 lakhs at premium of rs 6 .5400-6100 CE  added  4.64 lakhs in Open Interest.

8. 5600 PE is having highest Open Interest of 76 lakhs with addition of 7.1 lakhs in OI and premium at 22,5700 PE showed added of 2 lakhs .5400-6100 PE  added  0.58 lakhs in Open Interest.So Bears are having upperhand as of now as not allowing nifty to close above 5700

9.FII  bought 20 cores and DII  sold 85 cores in cash segment,INR closed at at 53.04 Live INR rate @ http://inrliverate.blogspot.in/).FII sold 29 cores in Stock Futures.

10. Nifty Futures Trend Deciding level is 5716(For Intraday Traders), Trend Changer at 5731 NF(For Positional Traders). (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).

Buy above 5704 Tgt 5725,5740 and 5775

Sell below 5674 Tgt 5651,5638 and 5620 (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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