Nifty ready for Big move, FII Data Analysis

By | August 20, 2014

FII_1

  • FII’s bought 7  K contract of Index Future worth 276 cores, 2.7 K Long contract were added and 4.2 K short contracts  were squared off by FII’s. Net Open Interest decreased  by 1.4 K contract , so FII are going long ans squaring off shorts in Index Futures.From start of series net on net basis  FII are holding 1.3 K Index longs and 22.1 K Index shorts. So still there bias is on downside.
  • Nifty did a fresh life high today @ 7922,Nifty has rallied 382  points in 8 trading session and formed a bearish engulfing pattern today, Also on hourly charts broke the channel bottom after 8 trading sessions, which gives initial target of 7800-7784. Als0 EW chart also gives the same target. This all levels get invalidated if Nifty starts trading above 7922 for 1 hour than it can rally till 7960. Next 2 days very crucial and a big move is round the corner.

nifty hourly

 

Nifty Hourly EW

Trades who follow Wolf Wave , a bearish Wolf wave is forming in Nifty giving Initial target of 7400.

nifty daily

  • Nifty Future Aug Open Interest Volume is at 1.50 cores with liquidation of 1.5 lakh suggesting long liquidation .VIX being very low suggests bulls are still overconfident and every dip is getting bought into.
  • Total Future & Option trading volume was   at 1.66  lakh core with total contract traded at 1.3  lakh lowest volume in NF since Feb 2014. PCR @1.04.
  • 8000  CE  OI at 87.8 lakh  suggesting wall of resistance , 7800 CE  liquidated 2.3 lakh  suggesting bears got panicked today .7700/7600 CE saw 1.2 lakh  liquidation so bears are losing there ground, 7900 CE added 0.75 lakh suggesting bears are making resistance on 7900 . FII’s bought 1.2 K CE longs and 3 K  CE were shorted  by   them.
  • 7700 PE OI@ 77.2 lakhs so strong base @ 7700. 7800 PE liquidated 3 lakh in OI, Break of 7800 can bring panic in bull camp .FII’s bought 5  K contract  PE longs and 5.8 K PE were  shorted  by them.
  • FII’s bought 251 cores in Equity and DII bought 481 cores in cash segment.INR closed at 60.61.

 

Buy above 7888 Tgt 7910,7922 and 7946  (Nifty Spot Levels)

Sell below 7870 Tgt 7852, 7828 and 7793 (Nifty Spot Levels)

 

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7 thoughts on “Nifty ready for Big move, FII Data Analysis

  1. Manish

    NIFTY DATA ANALYSIS IS A SUBJECT OF ONES OWN MINDSET, IT IS VERY UNLIKELY TO SEE A DOWN MOVE 7800 BEFORE AUGUST EXPIRY, FIIs DON’T MAKE PROFIT EVERY SINGLE TIME,BUT THEY DON’T BEAR HUGE LOSSES AS WELL…. Regards…

  2. Bramesh Post author

    Close above 8000 NS for 2 days.

    Rgds,
    Bramesh

  3. jagadish

    Sir when you say that A big move is round the corner the move may be downward or upward or it indicates only upward move

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