Nifty sees panic decline,FII data analysis

By | May 26, 2014

FII_1

  • FII’s bought 8609 contract of Index Futures worth 334 cores (1.9 K  longs were added and  6.6 K shorts were squared off in Index Future) with net OI decreasing by 4.6  K contracts.FII’s used the dip in nifty today to exit all shorts.
  • Nifty again surprised the market participants with a quick rise in morning session and a panicky fall in 1 hour swinging 250 points. These kind of moves are traders nightmare and investors paradise as they can pick the quality stocks at lower values. As we are in Bull market such fast fall are created to shake off weak hands.  Nifty took support at rising trendline, now 7270 becomes a support for short term. Resistance at 7398.
nifty hourly
  • Nifty Future May Open Interest Volume is at 1.91 cores with liquidation of of 18.9  lakhs in Open Interest, suggesting long liquidation.
  • Total Future & Option trading volume at 4.03  lakh core with total contract traded at 4.9  lakh.PCR @0.91
  • 7500 Nifty CE  is having highest OI at 64 lakhs followed by 7400 CE  ,7400 CE is also having an OI of 50 lakhs and it seems smart money is selling 7400 CE. FII’s sold 13.8K CE longs and 18.7 K shorted   CE  were covered by them.
  • 7000 PE   is having highest OI at 45.8  lakh  remains a strong support for the series. 7400 PE saw a good addition are upcoming support of the market. FII’s bought 5.4 K PE longs and 16.5 K PE were shorted  by them.

OI

  • FIIs sold 84 cores in Equity and DII sold 208 cores in cash segment.INR closed above 58.7.

Buy above 7377 Tgt 7414,7441 and 7485(Nifty Spot Levels)

Sell below 7350 Tgt 7320, 7300 and 7270 (Nifty Spot Levels)

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One thought on “Nifty sees panic decline,FII data analysis

  1. vishal

    Hi Bramesh Bhai,

    Excellent levels as usual bhai…. Nifty took support exactly near to the support level mentioned above… helped with profit booking…. 🙂

    Regards
    Vishal

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