Nifty FII Data Analysis for 21 May

By | May 20, 2014

FII_1

  • FII’s bought 17469 contract of Index Futures worth 652 cores (17.8 K  longs were added and  only 375 shorts were added in Index Future) with net OI increasing by 18.2 K contracts.FII’s are going long in Index Futures.
  • Nifty Hourly chart has formed a pennant pattern which suggests a breakout/breakdown is round the corner. As its Bull market the emphasize lies on breakout on upside. 7350 should be broken for nifty to move towards 7564. Breakdown below 7250 for short term target of 7194 and 7150.
nifty hourly
  • Nifty Future May Open Interest Volume is at 2.16 cores with liquidation of of 2.8 lakhs in Open Interest, suggesting long liquidation .
  • Total Future & Option trading volume at 1.99  lakh core with total contract traded at 2.55 lakh.PCR @0.77
  • 7500 Nifty CE  is having highest OI at 58.5 lakhs followed by 7400 CE  ,7400 CE is also having an OI of 52.5 lakhs and it seems smart money is selling 7400 CE. FII’s bought 2.9  K CE longs and 14.8K shorted  CE  were covered by them suggesting we can see rise in nifty.
  • 7000 PE   is having highest OI at 47.7  lakh  remains a strong support for the series. 7100 PE saw a good addition are upcoming support of the market. FII’s bought 10.5 K PE longs and 2.6 K shorted  PE were covered by them.
  • FIIs sold 104 cores in Equity and DII sold 656 cores in cash segment.INR closed above 59.58.

Buy above 7281 Tgt 7320,7353 and 7380(Nifty Spot Levels)

Sell below 7246 Tgt 7210, 7180 and 7150 (Nifty Spot Levels)

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4 thoughts on “Nifty FII Data Analysis for 21 May

  1. Pritesh

    hi sir please answer this below :-

    are this level of fut or spot above and below I mean this :- 7350 should be broken for nifty
    to move towards 7564. Breakdown below 7250 for short term target
    of 7194 and 7150.

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