Nifty near 200 DMA,FII F&O Analysis for 26 March

By | March 25, 2013

FII

  •  FIIs bought 7087 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 198 cores with net Open Interest increasing by 99,129 contracts.Take the Test  Winners and Losers in trading .As Expiry is just 2 days away Wednesday being an Holiday, FII have rollovered their positions to next series, thats the reason we are seeing big Jump in net OI.
  • NS closed at 5634 after  making high of 5718 and low of 5624, Nifty opened gaped Up after Cyprus clinch Bailout deal , Unable to sustain the High started consolidating in small range and ultimately came down to fill the gap,closed in red after SP news Hit the market. As per  Weekly Analysis we discussed trend deciding level as 5620, traders asked me in morning shall we take longs and my answer was emphatic NO , reason being we should always trade on levels, If we miss levels due to gap up do not jump into running bus, Have patience and wait for market to give you opportunity to enter. I know its difficult to control the urge not to take trade but you should remember their is always another trade on its way so wait patiently for opportunity to come. We got opportunity to take longs as Low made by Nifty was 5624 near to our level, lets see if this trade works out else we will get stopped out.

 

  • Nifty Future March Open Interest Volume is at 1.31 cores with liquidation of  12 lakh in Open Interest with rise  in Cost of Carry of Nifty Future  to showing traders are closed short  positions.37 Lakhs NF got roolvered in past 2 trading sessions and looks like longs are getting rollovered. Total Future & Option trading volume at 1.83lakh Cores with total contract traded 2.48 lakh , PCR (Put to Call Ratio) at 0.96  and VIX at 16.36 trading above 200 DMA. We had a big fall today but cash market volumes were below average indicating fall was technical in nature not on delivery based selling, All chances of giving pullback if 5620 is not broken on closing basis.
  • 6000 Nifty CE  is having highest OI at 84.7 Lakh with liquidation of  5 Lakhs, 5800 CE added 3.59 akhs having OI of  83.2 lakhs and 5700 and 5600 CE added 20.1 lakhs in OI, 5700 as clear zone of resistance for any further rise.5500-6000 Call Options added  12.8  lakhs in OI.
  •  5700 Put Option is having highest  Open Interest of  75.9 lakhs with liquidation of  2.6 lakhs in OI ,5600 PE liquidated 4 lakhs and net OI at 74.5 lakhs so 5600 should give a good bounce back. 5500-6000 Put Options liquidated 13.5 lakhs in OI.
  • Nifty Futures Trend Deciding level is 5651(For Intraday Traders), Trend Changer at 5729 NF(For Positional Traders). (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand). Bank Nifty Future Trend Changer Level 11418.

Buy above 5642 Tgt 5659, 5685,5700

Sell below 5600 Tgt 5580,5565and 5550 (Nifty Spot Levels)

Traders who use Pivot and Camarilla can use the following 2 sites for Hourly values and EOD values

 http://camarillapivotpoints.blogspot.com/
http://niftystockpivot.blogspot.in/

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5 thoughts on “Nifty near 200 DMA,FII F&O Analysis for 26 March

  1. Option.Trader

    Yep.. to each his own… i was just referring to some of your earlier posts that said to ride the profits in a trend… need to maximize profits and reduce losses… easier said than done… u did book profits.. but i think you missed out almost 100 points… if i’m not wrong you booked out at 5720 levels… Technicals has a strange way of working on psyche of a person… even though u may have the best of setups.. executing them on the day is what counts

  2. Bramesh Post author

    Dear Suraj,

    I use Nifty Futures as my trading instrument as its liquid, cannot be manipulated and do not give big volatile moves.

    Rgds,
    Bramesh

  3. Suraj

    Hi Bramesh sir

    Which instrument do u use generally to go short?…..I mean going short on futures or buying puts?
    and if u buy puts, then same month or nxt month’s put?
    What things do u look at before choosing any specific instrument?

  4. Bramesh Post author

    Dear Option Trader,

    Everyone has own way of trading, For me first thing in trading is to be at peace with myself. We are short from 5850 levels and getting almost 200 points which i am quiet happy and content with and coming near important support,would book 80% of my short so that i can renter again at higher levels when opportunity comes.

    I have just shared my views and not forcing anyone to book profits. Hope it make senses.

    Rgds,
    Bramesh

  5. Option.Trader

    Bramesh

    On your weekly analysis you had suggested booking 80% profit in shorts… though i’m not averse to booking profits, my point being we should let the profits run unless trend changes… booking out profits without trends changing prevents you from riding the trend.. you need to ride the trend if we are to take in big points..if the trend changes, yes you can book out.. or else ride the profits and always have Stop Loss put in

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