Nifty ready for Big move, FII Data analysis

By | May 21, 2014

FII_1

  • FII’s bought 7186 contract of Index Futures worth 264 cores (16.3 K  longs were added and  only 9.1 K shorts were added in Index Future) with net OI increasing by 25.5 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 7200 for short term target of 7150.Nifty today held on its 38.2% retracement at 6207 suggesting a buying happening at lower levels.
nifty hourly
  • Nifty Future May Open Interest Volume is at 2.21 cores with addition of of 5 lakhs in Open Interest, suggesting short addition.
  • Total Future & Option trading volume at 1.76  lakh core with total contract traded at 2.4 lakh.PCR @0.82
  • 7500 Nifty CE  is having highest OI at 60 lakhs followed by 7400 CE  ,7400 CE is also having an OI of 57.2 lakhs and it seems smart money is selling 7400 CE. FII’s bought 3.7 K CE longs and 7.5 K  CE  were  shorted by them.
  • 7000 PE   is having highest OI at 52 lakh  remains a strong support for the series. 7100 PE saw a good addition are upcoming support of the market. FII’s bought 45.5 K PE longs and 436  PE were shorted  by them.
  • FIIs sold 266 cores in Equity and DII sold 439cores in cash segment.INR closed above 58.77

Buy above 7261 Tgt 7291,7320,7353 and 7380(Nifty Spot Levels)

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

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2 thoughts on “Nifty ready for Big move, FII Data analysis

  1. Bramesh Post author

    Welcome Mukul Sir

    Rgds,
    Bramesh

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