Acche Din for Bulls are back , FII FnO Data Analysis for 16 Juy

By | July 16, 2014

FII_1

  • FII’s bought 1.7 K contract of Index Future worth 67 cores, 8.5 K Long contract were added  and 6.7 K short contracts were added  by FII’s. Net Open Interest came up by 15.2 K contract suggesting FII are adding both long and shorts in market.
  • As discussed yesterday Nifty ready for bounce Nifty  rallied 72 points yesterday. Now NIfty an approaching supply zone of 7570-7585 which need to be watched closely, unable to cross the same pullback can be seen till 7450 levels and crossing the same 7600-7615 is on cards as per Elliot wave.

Nifty Hourly EW

As seen in below chart the downward falling trendline can also offer resistance near 7510 odd levels. If broken we can see rise again towards 7600 odd levels.If broken 7300 is on cards.

nifty hourly

  • Nifty Future July Open Interest Volume is at 1.43 cores with addition of 2.2 lakh suggesting long addition . As discussed An important point to not is 1 core of Index Futures got rollovered in range of 7616-7500 and Nifty is trading well above this zone, this price zone implies a very significant price band.Now this zone  of 7510 will become support now.
  • Total Future & Option trading volume was   at 1.94 lakh core with total contract traded at 2.4 lakh. PCR @0.72. Still more Calls are getting shorted suggesting market participants are holding on to there shorts.
  • 8000 CE  OI at 95 lakh  suggesting wall of resistance ,  7600 CE saw 4.2 lakh addition  of suggesting bears have made wall of resistance around these levels,FII’s bought 24.9 K CE longs and 2.9 K shorted  CE were covered by them.
  • 7500 PE OI at 48.6  lakh saw addition of 4.5  lakh so strong support of 7500 , 7400 PE also added 4.6 lakhs.Liquidation in OTM PE suggests rally can extend furhter. FII’s sold 8.5 K PE longs and  1.9K  PE written were covered by them.
  • FIIs sold 3 cores in Equity and DII bought 471  cores in cash segment.INR closed at 60.12.

 

Buy above 7535 Tgt 7554,7582 and 7615 (Nifty Spot Levels)

Sell below 7505 Tgt 7480, 7454 and 7431 (Nifty Spot Levels)

 

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6 thoughts on “Acche Din for Bulls are back , FII FnO Data Analysis for 16 Juy

  1. Bramesh Post author

    Its covered in my trading course.

    Rgds,
    Bramesh

  2. VIRAG KACHHIAPATEL (@VIRAG005)

    Thanks sir,
    very precise analysis,

    I used to follow it daily and making good money.

    one question

    How to identify fii buying or selling position in option as the other analyst are not able to identify this position precisely?

  3. Bramesh Post author

    Thanks Sir !!

    Its corrected

    Rgds,
    Bramesh

  4. nadgouda

    dear sir nifty has closed at 7526 and you have said that buy above 7435 i think its mistake it should be 7535 and not 7435 i guess….

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