Nifty Bounces from lower end of trading range, FII F&O Analysis

By | May 27, 2013

FII

  • FIIs bought 5526 Contracts of Index Future ,worth 167 cores with net Open Interest increasing by 5804 contracts, FII made fresh longs in market.Trading lessons
  • As discussed in Weekly Analysis Nifty took support at important level of 5937 which was 38% retracement which gave us good level to do partial profit booking and today our shorts got stopped out and Longs were triggered. Traders following trend changer level also longs got triggered in today’s session at 6040 and already 50+ points profit is in our kitty. Next 3 days will be volatile as expiry is near hence caution is advised.Market has been trading sideways in range of 5930-6229 whole may series, such rangebound moves causes most stoploss triggered for traders who wants to get 300-500 points in one trade, but traders who follow system are saved from such whipsaws.
  • Nifty Future May Open Interest Volume is at 2.20 cores with liquidation of 21.2  lakh in Open Interest and 24 lakhs got added in June series suggesting longs are getting rollovered in June series.
  • Total Future & Option trading volume at 1.94 lakh with total contract traded at 2.38 lakh , PCR (Put to Call Ratio) at 1.02.Cash market volumes were quiet dismsal suggesting rally was backed by short covering only.
  • 6100 Nifty CE  is having highest OI at 83 lakhs with addition of 4.4 lakhs in OI and remains the wall of resistance ,6000 has been conquered by bears as 14 lakhs got liquidated today  .5900-6300 CE liquidated  16 Lakhs in OI.

OI

  •  6000 PE is having OI of 79.4  lakhs with addition of 19.8 lakhs suggesting 6000 will act as support.6100 PE added 20.3 lakhs in OI so tommrow trading session OI addition in 6100 PE should be seen closely. If bulls capture 6100 tomorrow mostly expiry will happen with new highs as per Option data. 5900-6300 PE added 30.8 Lakhs in OI, Bears running for cover.
  • Nifty Futures Trend Deciding level is 6107 (For Intraday Traders).Nifty Trend Changer Level 6040 and Bank Nifty Trend Changer level 12720.

Buy above 6100 Tgt  6130,6150 and 6177(Nifty Spot Levels)

Sell below 6050 Tgt 6005,5980 and 5950(Nifty Spot Levels)

Live Nifty A/D charts  Click on the Link

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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