Nifty enter new trading range, FII FnO analysis

By | May 16, 2013

FII

  • FIIs bought 1948 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 62 cores with net Open Interest increasing by 24122 contracts, so again long addition by FII. Do and Don’ts before you start trading
  • After big move yesterday its time for market to catch its breath and nifty consolidated in our trading range and made exact high at 6198  as give on facebook page .Nifty has entered a new trading range above 6120 which has been traded after a span of 2 years,hence we are seeing sideways action. As per  Weekly analysis Nifty did its 1 tgt of 6180. Tommrow is weekly closing and bulls will try to close nifty above 6125.
  • Nifty Future May Open Interest Volume is at 2.56 cores with addition  of 5 lakh in Open Interest with increase in Cost of Carry of Nifty Future  to showing traders are initiating fresh  long position .
  • Total Future & Option trading volume at 1.39 lakh with total contract traded at 1.9 lakh , PCR (Put to Call Ratio) at 0.98.
  • 6200 Nifty CE  is having highest OI at 71 lakhs with addition of 2.7 lakhs in OI and remains the wall of resistance ,6100 remains the support level and OI at 58 lakhs  .5700-6300 CE liquidated 7.8 Lakhs in OI.

OI

  •  6000 Put Option is having highest  Open Interest of  79  lakhs and is the new emerging support for nifty ,5900 PE  liquidated 2.9  lakhs and net OI at 76.1  lakhs,suggesting put writers are again back in action, 6000 is base now and bulls will try to move base higher at 6100 .5700-6300 CE added 4.6 Lakhs in OI,blowout punch
  • Nifty Futures Trend Deciding level is 6206 (For Intraday Traders).Nifty Trend Changer Level 6017 and Bank Nifty Trend Changer level 12610.

Buy above 6200 Tgt  6220,6245 and 6270(Nifty Spot Levels)

Sell below 6160 Tgt 6135,6120 and 6100(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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2 thoughts on “Nifty enter new trading range, FII FnO analysis

  1. Guru

    Hi,

    Trend Changer is 6017 or 6117 ??

    Thanks
    Guru

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