Nifty Crashes below 5300 as Rupee hits record low

By | August 27, 2013

FII

  • FIIs sold 20381 contracts of Index Future (Entered fresh shorts in 25388 contracts and fresh longs in  5007 Longs) worth 542 cores with net Open Interest increasing by 30395 contracts. So as per data analysis, FII’s are still entering in fresh shorts  in NF and BNF,I have been cautioning from past 2 days a big downside is on cards looking at the way FII are shorting the Index, and Food Security Bill was the trigger for the big downside we saw.
  • Nifty unable to sustain above Weekly Trend Deciding level yesterday and gave the fall today achieving all 3 Weekly targets. Nifty has broken below the Weekly support and close below Chopad level of 5296.Now as per Chopad target comes at 5248,5215 and 5166. Traders who entered shorts as per Price action Strategy can use Chopad levels to part book there positions.Be with the trend to make big money.

nifty daily

  • Nifty Future Aug Open Interest Volume is at 1.99 cores with liquidation of 14.4 lakhs in Open Interest, Rollovers have started and whole 14 lakhs got rollovered and additional 9 lakhs got entered in September series,with positive cost of carry..
  • Total Future & Option trading volume at  2.9  lakh with total contract traded at 4.9 lakh , PCR (Put to Call Ratio) at 1.09. VIX closed at 29.42. So expect next 2 days to be highly volatile.
  • 5500 Nifty CE  is having highest OI at 68.1 lakhs with liquidation of 0.19 lakhs in OI. 5400 CE added 19.7 lakh in OI will be resistance in short term, and 5300 CE added huge 29 lakh in OI suggesting expiry can happen below 5300. As per Option data OI analysis FII entered long in 5.2 K call options mostly in 5300/5400 CE and 11.1 K contracts in written calls. 5200-5500 CE added 57.8 lakh in OI.
  • 5300 PE OI at 78 lakh remain the highest OI, remains the firm support for time being. 5400 PE liquidated 31 lakh in OI, huge profit booking and panic covering  in written put. As per Options Data analysis, FII has entered long in 25.1  K ITM PE and also entered 22.1 K in  Put writing.5300-5700 PE liquidated 52 lakh  in OI.

OI

  • FIIs sold in Equity in tune of 1374 cores ,and DII bought 480cores in cash segment ,INR closed at 66.3 Rupee hits record low, posts biggest fall in nearly 18 years
  • Nifty Futures Trend Deciding level is 5329 (For Intraday Traders).Nifty Trend Changer Level 5625 and Bank Nifty Trend Changer level 9834.

 

Buy above 5330 Tgt 5355,5380  and 5400 (Nifty Spot Levels)

Sell below 5274 Tgt 5250,5225 and 5200(Nifty Spot Levels)

 

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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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3 thoughts on “Nifty Crashes below 5300 as Rupee hits record low

  1. Trader.Santosh

    Dear Bramesh

    It only helps to understand if they would buy the calls for current month and short in the future month… it would help with expiry trading…

  2. Bramesh Post author

    Dear Santosh,

    Does it really matter FII’s are entering in current month or next month. What matters is they are entering short which give me further comfort in carrying shorts. Price tells everything. So this analysis is done to be with the flow.

    Rgds,
    Bramesh

  3. trader.santosh

    During expiry week how do you differentiate between current month contracts and next month’s? How would you contend that futures entered are for current contract and options 5.2k call and 25.1k put are for current month and not September series. In short would it be valid to analyze open interest during expiry?

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