Nifty @ New fresh high, FII FnO Analysis

By | July 23, 2014

FII_1

  • FII’s bought  31056 contract of Index Future worth 1200 cores, 29.4 K Long contract were added  and 1.5 K short contracts were squared off by FII’s. Net Open Interest increased  by 27.9 K contract.FII’s made the single largest purchase of Index future in July series.
  • Nifty has been rising from past 6 trading session and will hit a fresh all time high today. Nifty crossed and closed above the 7731 Budget high, Only concern in Mid and small cap Index are not participating in rally, Advance/Decline is also not favorable for the rise. So caution is advised near all time high and trail your long position with Strict SL. The previous count as per EW has failed and here is new count which also suggests to be cautious around 7800 odd levels.As per time analysis, the rally can get terminated by today afternoon or tomorrow.

Nifty Hourly EW

  • Nifty Future July Open Interest Volume is at 1.63  cores with addition of 13.8 K suggesting long addition in Index.
  • Total Future & Option trading volume was   at 2.21  lakh core with total contract traded at 2.5 lakh. PCR @1.03. This shows overconfidence in BUlls.
  • 8000 CE  OI at 83.1  lakh  suggesting wall of resistance , 7900 CE saw 10.3  lakh addition suggesting Bears are building wall of resistance @ 7900 ,FII’s bought 16 K CE longs and 3.6  K s  CE were shorted by them.
  • 700 PE saw a huge addition of 32 lakh in OI suggesting overconfidence in bulls to hold 7700 , 7600 PE also added 5  lakhs .FII’s sold 4.3 K PE longs and  14.2 K  PE were shorted by them.
  • FIIs bought 412  cores in Equity and DII bought 59.2 cores in cash segment.INR closed at 60.29.

 

Buy above 7774 Tgt 7790,7809 and 7840 (Nifty Spot Levels)

Sell below 7745 Tgt 7723, 7704 and 7666 (Nifty Spot Levels)

 

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5 thoughts on “Nifty @ New fresh high, FII FnO Analysis

  1. Bramesh Post author

    Dear Sir,

    If there is any change in pattern will be updated accordingly. Also 8020 Monthly basis is not target for July month its a medium term view

    Rgds,
    Bramesh

  2. Vikas Patil

    yes sir the msg was clearly booked profit for existing trade .. but u said that time theory suggest that rally will terminate today afternoon or tomorrow ? that”s why asking that 8020 for monthly basis intact or something change in structure..

  3. Bramesh Post author

    Caution means book profit in ur existing trades.

    Rgds,
    Bramesh

  4. Vikas Patil

    sir as u said that now ew calculation failed..but that is also correct where u mentioned that nifty will touch life time high..and today it touched..but i can not understand that now u said caution on high as last time u said that monthly chart indicates 8020 ?
    Pls reply

  5. RAJINDER KUMAR

    Sirggggg pls update astrological view

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