Nifty bounced from support area, FII FnO Analysis

By | June 25, 2013

FII

  • FIIs sold  20613 Index Future worth 576 cores with net Open Interest increasing by 49973 contracts.As discussed yesterday FII have started booking profit we saw a rally and today, and higher levels were used to short again and we saw the dip in dying end of session as FII started shorting again.
  • Nifty opened with Gap up got sold off in morning consolidated in range 5566-5580 range and as discussed yesterday gave a rally. As trend of market is still Sell the rise till Nifty does not close above 5704, Rise got sold into. Today Nifty formed a perfect DOJI candelstick and closed below the medium term terndline second day in row, Expiry is 2 days away so volatility is the name of the game.

nifty daily

  • Nifty Future June Open Interest Volume is at 1.91 cores with liquidation of 16 lakhs in Open Interest, and 25 Lakh addition in July series. huge shorts are back in the system with fall in cost of carry.
  • Total Future & Option trading volume at 2.38 lakh with total contract traded at 3.8 lakh , PCR (Put to Call Ratio) at 0.94.Cash market volume were highest in June series till date.Today we saw panic in many stocks in morning trade, all reversed from crucial support suggesting we can see reversal in next few sessions. VIX gave a breakout today as discussed in past analysis.
  • 5700 Nifty CE  is having highest OI at 89.3 lakhs with liquidation  of 5 lakhs in OI, 5700 remains the ceiling for this June series. 5800 CE added 1.9 lakh in OI suggesting smart money booking profits. 5500-6000 CE liquidated 1 lakh in OI.
  •  5500 PE is having highest OI of 71 lakh and will remain the wall of support. 5600 PE OI at 71.6 lakh with addition of 1.7 will act as minor support  . 5500-6000 CE liquidated 6.8 lakh in OI.

OI

  • FIIs sold in Equity in tune of 1285 cores ,and DII bought 824 cores in cash segment ,INR closed at 59.81.FII has sold 114626 cores in JUne series in cash segment alone.
  • Nifty Futures Trend Deciding level is 5611(For Intraday Traders).Nifty Trend Changer Level 5835 and Bank Nifty Trend Changer level 11935.

 

Buy above 5615 Tgt  5640,5660 and 5686(Nifty Spot Levels)

Sell below 5560 Tgt 5530and 5500(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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4 thoughts on “Nifty bounced from support area, FII FnO Analysis

  1. Bramesh Post author

    Dear Abdul Gafoor,

    I cover the same in my trading course to find stocks from medium term perceptive.

    Rgds,
    Bramesh

  2. Abdul Gafoor

    Bramesh Sir;
    Thanks for your regular postings and we appreciate your efforts and skill on research.
    This message is to request you that; can you please suggest us some reliable stocks to invest, time to invest and levels if we are willing to wait for two-three months? High Risky& high return stocks are also entertained. Eagerly listening to your kind and gentle comments.
    Thanks,
    Abdul Gafoor

  3. Bramesh Post author

    Dear Chetan,

    These levels are generated using the trading system i have developed.

    Rgds,
    Bramesh

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