Nifty near Price Channel resistance, FII FnO Analysis

By | September 23, 2014

FII_1

  • FII’s bought 3.5 K contract of Index Future worth 164 cores, 45 K Long contract were added and 41.5 K short contracts  were added by FII’s. Net Open Interest increased  by 86.5  K contract , so FII added longs in Index futures also shorts were added almost  in 1:1 ratio.
  • Bounce seen today was because of Rollover pressure, Nifty again got resisted near the Price Channel as shown in below chart also formed a double top in daily chart, which need confirmation in next 2 days with price not going above 8160 and breaking 8064.Break below 8064 can see a quick down move towards 8015. Gann Turn date today so be cautious in trading expect volatile moves today.

NIfty Price Channel

 

Nifty Hourly EW

  • Nifty Future Sep Open Interest Volume is at 1.10 cores with liquidation of 16.5  lakh which completely got rollovered to October series.
  • Total Future & Option trading volume was   at 3  lakh core with total contract traded at 2 lakh. PCR @1.01.
  • 8200  CE  OI at 76.8  lakh  suggesting wall of resistance , 8100 CE  liquidated 2.5 lakh suggesting bears have started booking profit.8000 CE also liquidated 3.2 lakh so 8000 is base for expiry. FII’s bought 12.2 K CE longs and 19.4 K CE  were shorted  by  them.
  • 8000 PE OI@ 82.3  lakhs so strong base @ 8000. 8100 PE OI@60  so support building up @8100 not so strong as of now, So fight for 8100 will be seen in coming 2 days . FII’s bought 4.6 K contract  PE longs and 1.5K PE contract were shorted  by  them.
  • FII’s sold 186 cores in Equity and DII bought 31 cores in cash segment.INR closed at 60.86.

 

Buy above 8125 Tgt 8160,8180 and 8200 (Nifty Spot Levels)

Sell below 8110 Tgt 8087, 8060 and 8040 (Nifty Spot Levels)

 

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3 thoughts on “Nifty near Price Channel resistance, FII FnO Analysis

  1. akhil

    Sir, how did you calculate long and short postitions of FII’s “FII’s bought 3.5 K contract of Index Future worth 164 cores, 45 K Long contract were added and 41.5 K short contracts were added by FII’s.”

  2. Bramesh Post author

    Dear Sir,

    I cover the same in my trading course.

    Rgds,
    Bramesh

  3. Dhananjay Joshi

    Hi,

    Bramesh sir, will you please give a example of how to trade in nifty options on intra day basis.

    How to plot charts for intraday nifty ? 5min. 1min. ??

    What indicators to use for intra day trading. Currently i am using Bollinger bands , MACD and Full Stochastic. These three give good results on daily charts. But how to use them on intraday basis?

    For intraday other than NIFTY which shares can be used to trade? How to identify the correct share to trade in.

    Regards,
    Dhananjay

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