FII Derivative Statistics for 9 Nov Trade in Nifty and Bank Nifty Future

By | November 8, 2012

1. FII sold 14466 Contracts of Index Future,worth 392 cores with net OI decreasing by 9502 contracts.

2. As Nifty Future was down by 28 points with Open Interest in Index Futures decreased by 9502, so FII  booked profits in longs created  in Nifty and Bank Nifty Futures.

3. NS closed at 5739 after making a high of 5744 and low of 5706.Yesterday we pointed out that Nifty after doing a breakout will again revisit the breakout area of 5725 and today’s weak global cues were an excellent opportunity. Hourly charts cooled off from overbought and daily charts the technical set up did not get affected and bullish momentum is intact.

4. Resistance for Nifty has come up to 5760 and 5777 which needs to be watched closely ,Support now exists at 5711 and 5700.Trend is Buy on Dips  till 5686 is not broken on closing basis.

5. Nifty  Future November  Open Interest is at 1.88 cores with liquidation of  7.4  lakh in OI,longs got liquidated in NF. Cost of Carry of NF has decreased to 8.54 and NF premium being 26 points.

6. Total F&O turnover was  at 1.12 lakh  Cores  with total contract traded at 1.8 lakh,  PCR at 0.80 and VIX  at  14.22.Fall was not backed by volumes.

7.  5900 CE  is having highest Open Interest of 75  Lakhs with addition of 3.3 lakhs in OI premium at Rs 18 ,5800 added  5.6 lakhs in OI total OI at 63 lakhs 5700 CE added 5.6 lakhs in OI with net OI at 40 Lakhs so 5800 becomes the immediate resistance for Nifty. 5300-6000 CE added lakhs in 19.4 lakhs in OI.

8. 5600 PE is having  Open Interest of 71 lakhs so 5600 is strong base for Nifty from start of November series . 5700 PE added 1.98 lakhs so base building activity shifting upwards with 5700 base and 5800 PE shedded 1.5 lakhs in OI .5300-6000 PE added 6.6 lakhs in OI.

9. FII  bought  261 cores and DII  sold 84.5 cores in cash segment.Indian Rupee ,INR closed at at 54.5 Live INR rate @ http://inrliverate.blogspot.in/).

10. Nifty Futures Trend Deciding level is 5740(For Intraday Traders), Trend Changer at 5715 NF(For Positional Traders). (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).  Bank Nifty Future Trend Changer Level 11526.  From 5688 we are in Buy in NF and made 100 points till date.

Buy above 5741 Tgt 5754,5777,5800

Sell below 5725 Tgt 5711,5794 and 5679(Nifty Spot Levels)

Traders who Trade on Camarilla Pivot use this Link to get Auto Update Camarilla levels for Nifty and Nifty Stocks  http://camarillapivotpoints.blogspot.in/

Disclaimer: These are my personal views and trade taken on these observation should be traded with strict Sl

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