Will IIP/CPI data play spoiler in Bull Party?

By | August 12, 2014

FII_1

  • FII’s bought 36214 contract of Index Future worth 1390 cores, 10.6  K Long contract were added and 25.5 K short contracts  were squared off  by FII’s. Net Open Interest decreased  by 14.8 K contract , so after todays rise FII were covering their shorts.
  • Nifty after Friday decline, open with second Gap up today partly filled the gap and again rallied, August Series has been a frustrating series till now for both bulls and bears as market has opened either gap up or gap down, moving in range of 7540-7752 from last 8 trading session not showing a clear direction . IIP and CPI data has disappointed the market and we will see  a gap down opening tomorrow. 7675-7685 range will again become an important support, breaking below this only can see further downfall. On Upside 7740-7752 range should be watched for further upmove.

nifty daily

  • Nifty Future Aug Open Interest Volume is at 1.28 cores with addition of 3.4 lakh suggesting long addition with increase in CoC. VIX being very low suggests bulls are still overconfident and every dip is getting bought into.
  • Total Future & Option trading volume was   at 1.77  lakh core with total contract traded at 2.4 lakh. PCR @0.96.
  • 8000  CE  OI at 70  lakh  suggesting wall of resistance , 7800 CE saw addition of 1.5 lakh  suggesting bears are getting stronger @ 7800.7700/7600 CE saw major  liquidation suggesting panic in bull camp after todays swift rise in last hour of trading. FII’s bought 40.5 K CE longs and 633 shorted  CE were covered by   them , so after today’s rise no sign of CE covering.
  • 7600 PE OI@ 74.4 lakhs saw addition of 21 lakh suggest bulls are getting stronger @ 7600 , 7700 PE added 14.6 lakh addition in OI,  suggesting bulls are making a comeback but strength of bulls will be tested in tommorow.FII’s sold 7.2 K contract  PE longs and 8.3K  PE were shorted  by them.
  • FIIs bought 370  cores in Equity and DII sold 234 cores in cash segment.INR closed at 61.07.

 

Buy above 7735 Tgt 7756,7786 and 7837 (Nifty Spot Levels)

Sell below 7704 Tgt 7676, 7654 and 7625 (Nifty Spot Levels)

 

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One thought on “Will IIP/CPI data play spoiler in Bull Party?

  1. Abhi

    Hi,
    I have a question.
    As per FII derivative statistic that you post everyday with analysis since 1st of Aug or beginning of this series, FIIs are net buyers of nifty options and have bought more than 6500 crores of options till date. On the other hand, they are net sellers of nifty futures and have sold 2900 crores of index futures. Does this indicate anything as FIIs are expected to sell options.
    Thanks & Regards,
    Abhi

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