Nifty @ life high, How to trade now ?

By | August 18, 2014

FII_1

  • FII’s bought 5534 contract of Index Future worth 217 cores, 6.9 K Long contract were added and 1.4 K short contracts  were added  by FII’s. Net Open Interest increased  by 5.5 K contract , so FII are going both long and short in Index Future.
  • Nifty did a fresh life high today @ 7881, but the high was backed with lowest volume in past 15 days, also no premium in NF indicates new high was just backed by short covering. Nifty is trading in uncharted territory 7896 and 7945 are 2 numbers to keep a watch on.

Nifty Hourly EW

  • Nifty Future Aug Open Interest Volume is at 1.50 cores with addition of 6.4 lakh suggesting long addition with  CoC almost coming in negative suggesting premium erosion in nF . VIX being very low suggests bulls are still overconfident and every dip is getting bought into.
  • Total Future & Option trading volume was   at 2.03 lakh core with total contract traded at 1.8  lakh. PCR @1.06.
  • 8000  CE  OI at 72.8  lakh  suggesting wall of resistance , 7800 CE  liquidated 8.7  lakh  suggesting bears got panicked today .7700/7600 CE saw 7.6 lakh  liquidation so bears are losing there ground . FII’s bought 32 K CE longs and 2.9 K  CE were shorted  by   them.
  • 7700 PE OI@ 72.3lakhs so strong base @ 7700. 7800 PE added 20 lakh addition in OI, suggesting bulls are all over support @ 7800, Break of 7800 can bring panic in bull camp .FII’s bought 11.5 K contract  PE longs and 22.1 K PE were   shorted  by them.
  • FIIs bought 473 cores in Equity and DII bought 490 cores in cash segment.INR closed at 60.76

 

Buy above 7881 Tgt 7910,7945 and 8011  (Nifty Spot Levels)

Sell below 7844 Tgt 7810, 7780 and 7744 (Nifty Spot Levels)

 

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16 thoughts on “Nifty @ life high, How to trade now ?

  1. Bhanu

    I am extremely conversant in technical analyses but surely interested in understanding technicals of Options and understanding futures data like analyzing open interest addition and squaring up etc. would you do that and please send me details. Duration and mode of training and fee etc.
    thanks. I am going to call you now

  2. Bramesh Post author

    Hello Bhanu,

    Its covered in my trading course.

    Rgds,
    Bramesh

  3. Bhanu

    How do you derived data that suggest what FII added long open interest or short open interest. can you please elaborate and many would appreciate it.
    Please suggest how to get an excel file to calculate these.
    regards

  4. satya

    how can peaple make profit in tradeing ..plzz help me sir

  5. Bramesh Post author

    Dear Satya,

    My Only advise to you is stop trading and concentrate on your studies. Try to get some other Job which can fund your education. Trading is strict No NO

    Rgds,
    Bramesh

  6. satya

    sir i ama poor student..plz tell me some bank nifty statergy so that i canm make 20-30 point sothat i can contnue my study..help me plz sir..email – mrsatyabbsr@gmail.com

  7. Amit Deshpande

    Thank you sir. I really like your daily views. You are a real gem for retail market imvestors. Hats off to you sir!! 🙂

  8. Bramesh Post author

    You can manually enter the call in your excel.

    Rgds,
    Bramesh

  9. Bramesh Post author

    7700 is quiet possible as of now.

    Rgds,
    Bramesh

  10. arun v

    sir where you get Fii data upto date,i have searched it in SEBI site i got only previous day data(14.08.2014)

  11. AMBRISH

    HOW TO ENLARGE TO VIEW DIFFERENT LEVELS MENTION IN CHARTS POSTED BY YOU.

  12. karan sharma

    sir please enable right click and copying the content. as i daily copy all calls and nifty in an excel sheet for a record for positional trading. kindly enable it.

  13. kamaldeep singh

    thanks for analysis, really appreciate it…

    right click on charts is not working…. plz fix that if possible

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