FII FnO Data Analysis for 14 Oct

By | October 13, 2014

FII_1

Drive Wealth

  • FII’s sold 20.9 K contract of Index Future worth 822 cores, 12.3 K Long contract were squared off  and 8.6 K short contracts  were added by FII’s. Net Open Interest decreased  by 3.6 K contract , so FII liquidated long in index futures  and added  short in index futures.
  • Nifty dipped below the 50% gann box line, but recovered immediately and closed near the important resistance zone of 7904-7924 range. On Downside 7860/7850 range will act as strong support. Nifty still has not closed above its 50 DMA so bears have upperhand in short term. Inflation data and Reliance results both were favorable suggesting bulls will have upperhand in opening but will they be able to survive depends on price action in range of 7920/7924.

Nifty Gann

  • Nifty Future October Open Interest Volume is at 1.48 core with liquidation of 6  lakh in OI  with decrease in CoC suggesting short liquidation.
  • Total Future & Option trading volume was   at 1.89  lakh core with total contract traded at 2.1 lakh. PCR @0.83
  • 8200  CE  OI at 59.6 lakh  suggesting wall of resistance , 8000 CE  added 2.3 lakh suggesting  8000 bears are losing ground but not completely out , 7900 CE added 1.5 lakh so 7900 will become fighting point for bulls and bears.  FII’s bought 9.7 K CE longs and 5.5 K CE were shorted  by  them.
  • 7800 PE OI@ 66.9 lakhs so strong base @ 7800 . 7900 PE OI@45 lakh with addition of 1.7 lakh  so 7900 PE will become fighting point for bulls and bears , FII’s bought 17.8 K contract  PE longs and 4.9 K PE were shorted  by  them.
  • FII’s sold 671 cores in Equity and DII bought 566 cores in cash segment.INR closed at 61.04.

 

Buy above 7901 Tgt 7924,7965 and 8030(Nifty Spot Levels)

Sell below 7855 Tgt 7820,7796 and 7755 (Nifty Spot Levels)


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