Nifty again falls from 6066-6077 range, Technicals as per FII data

By | July 22, 2013

FII

  • FIIs bought 23640 Index Future worth 714 cores with net Open Interest increasing by 35590 contracts.FII’s went long in Nifty Futures and Still maintaining shorts in Bank Nifty futures. Nifty is not doing much moves and we are seeing Stock Specific moves, Today we had minted good money in LT and Asian paint as discussed in morning analysis.
  • As discussed in Weekly analysis Nifty will find it difficult to move above the down trending trendline and today also made the high of 6064 and turned back. Any move above 6080 can see again bullish move. Negative divergence are visible in hourly and daily charts, As i usually say lets the price confirm with break below 5961 to short the market.As per data analysis Nifty should show a trending move in next 2 days. Traders Worst Enemy

nifty daily

  • Nifty Future July Open Interest Volume is at 1.41 cores with liquidation  of 11.7  lakhs in Open Interest, Rollovers have started taking place and 18 lakhs got rollovered in Aug series, mostly long.
  • Total Future & Option trading volume at 1.46 lakh with total contract traded at 1,8 lakh , PCR (Put to Call Ratio) at 1.24, .VIX trading at 17.63 falling down once it broke the rising trendline.
  • 6000 Nifty CE  is having highest OI at 59.7 lakhs with addition of 2.7 lakhs in OI,6200 CE liquidated 0.55 lakh in OI and having second highest OI at 58.2 lakh and premium at Rs 2, so short covering by smart money and also showing expiry should happen below 6200. 5900-6200 CE liquidated 1.7 lakh in OI.
  •  5900 PE OI at 99.6 lakh remain the highest OI , remains strong support for market and expiry should happen above 5900. 7.3 lakh addition was seen in 6000 PE suggesting base formation on higher level.5900-6200 CE added 10.8 lakh  in OI suggesting bullishness

OI

  • FIIs sold in Equity in tune of 406 cores ,and DII sold 299 cores in cash segment ,INR closed at 59.43.
  • Nifty Futures Trend Deciding level is 6066 (For Intraday Traders).Nifty Trend Changer Level 5900 and Bank Nifty Trend Changer level 11398.

 

Buy above 6038 Tgt  6050,6065 and 6080(Nifty Spot Levels)

Sell below 6012 Tgt 5995,5975 and 5960(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/

We do discussion in Live market to update Nifty levels If you are interested you can LIKE the page to get Real Time Updates.

Follow on Facebook during Market Hours: http://www.facebook.com/pages/Brameshs-Tech/140117182685863

Leave a Reply