FII F&O Data analysis for 4 Oct trade in Nifty Future

By | October 3, 2012

 

 

Nifty is under consolidation with positive bias  from past 2 trading sessions,this consolidation should not be taken as the sign of weakness as Nifty is closing successfully above 5700 with fresh 52 week high. So please do not short the market as its not moving higher wait for the signal to emerge. Its better to wait on sidelines and watch the show till you get a clear signal.

 

1. FII bought 33707  Contracts of Index Future,worth 970 cores  with net OI increasing by 28587 contracts.

2. As Nifty Future was up by 14 points and  Open Interest in Index Futures increased by 28587,so  FII have initiated longs  in  Index Future longs in Nifty and Bank Nifty Futures.

3. NS closed at 5731 after making a fresh 52 week high of 5743 but unable to break 5740 on closing basis,Bulls are in control of market as they have closed nifty above 5700 on closing basis . Range for Nifty has come to just 28 points so range expansion will be on cards soon. Mid caps stock are outperforming Nifty ie. playing catch up role.

4. Resistance for Nifty has come up to 5745 and 5775 which needs to be watched closely ,Support now exists at 5716 and 5700 .Trend is Buy on Dips till 5665 is not broken on closing basis.

5. Nifty  Future October  Open Interest is at 2.51 cores with a addition of 8 Lakh in OI,longs got added in Nifty future.Only point of Concern is the 2.5 Cores in OI with just 3 days into the October series, now this clearly shows overconfidence of Bulls. Most probably we will see a dip in market so that weak bulls are flushed out. So hold longs with Strict stoploss.

6. Total F&O turnover was  at 0.88 lakh  Cores  with total contract traded at  1.8 lakh. PCR at 0.93 and VIX  at 16.50, VIX is also trading at its lower end of range and a upmove till 18.5-19 is on cards.

7.  6000 CE  is having highest Open Interest of 60 lakhs with fresh addition of 8 lakhs in OI.5800 CE Open Interest at 58 is second highest  lakhs, with fresh addition of 8 lakhs.5300-6000 CE added just 24 lakhs in Open Interest.

8. 5400 PE is having highest Open Interest of 54 lakhs with fresh addition of 1.6 lakhs in OI,Bulls want to make  5400 as base for October Series.5600 PE added 7.5 lakhs in OI so 5600, 5700 PE added 8 lakhs in OI so Bulls have started capturing 5700 PE and is emerging as strong base emerging as per OI table. 5300-6000 PE added 22 lakhs in Open Interest.

9.FII  bought 602 cores and DII  sold 668 cores in cash segment,INR closed at at 52.16  Live INR rate @ http://inrliverate.blogspot.in/).FII sold 73.70 cores in Stock Futures.

10. Nifty Futures Trend Deciding level is 5757(For Intraday Traders), Trend Changer at 5733 NF(For Positional Traders). (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).

Buy above 5746 Tgt 5775,5800 and 5820

Sell below 5715 Tgt 5700,5683 and 5650 (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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One thought on “FII F&O Data analysis for 4 Oct trade in Nifty Future

  1. lakhan

    Dear sir,
    your analysis on nifty is always very accurate.i am following you since very long time.Your f&o data analysis is perfect. i hope it will work this time also.
    regards,
    lakhan

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