Bulls rule Dalal Street in most hated rally, FII FnO Analysis for October Expiry

By | October 29, 2014

FII_1

  • FII’s bought 52.9 K contract of Index Future worth 2166 cores, 45 K Long contract were added by FII’s and 7.8 K short contracts  were squared off by FII’s. Net Open Interest increased  by 37.2 K contract , so FII added highest amount of  long in index futures in October series.
  • As discussed in past 2 days analysis structure is still bullish till it do not close below the green line in the gann box.Once 8060 is crossed new high can come by Expiry or by Friday. Big move will be coming either tomorrow or Thursday. Nifty did not break the green line of Gann box and has now approached the yeallow line which acted as resistance and tomorrow price action needs to be watched. Market moves are happening only in gaps so traders who took long as per trend changer level would be njoying the current upmove.  Trades do note Lot sizes of F&O contract will be revised from November series, Click on the link to see revised lot sizes, Nifty lot size is getting reduced to 25

Nifty Gann

nifty ff

  • Nifty Future October Open Interest Volume is at 1.21 core with liquidation of 15.2  lakh in OI all of which got rollovered in November series.Today Nifty traded in range of 10 points for most of time of the day,which was used by traders to rollover in November series.Rollover of T-1 days was higest and currect OI of November series @ 1.42 cores is highest in 2014 indicating major move is coming in November series.

  • Total Future & Option trading volume was   at 3.17  lakh core with total contract traded at 2. lakh. PCR @1.15.Again time to be cautious as PCR jumped  above 1
  • 8100  CE  OI at 60.4 lakh  suggesting wall of resistance , 8150 CE  added 5.7 lakh in OI suggesting 8150 will be difficult to cross  FII’s bought 5.8 K CE longs and 26.8 K  shorted   CE were covered  by  them.
  • 8000 PE OI@ 57.5 lakhs so strong base @ 8000 . 8100 PE added 12.9 lakh in OI so fight for 8100 will happen tommrow, FII’s bought 20.5 K   contract  PE longs and 5.9 K PE  were  shorted  by  them.
  • FII’s bought 785  cores in Equity and DII sold 507 cores in cash segment.INR closed at 61.32.

 

Buy above 8108 Tgt 8125,8153 and 8180 (Nifty Spot Levels)

Sell below 8080 Tgt 8062,8034 and 8016 (Nifty Spot Levels)

Upper End of Expiry: 8145

Lower End Expiry:8035


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4 thoughts on “Bulls rule Dalal Street in most hated rally, FII FnO Analysis for October Expiry

  1. Saumya

    Sir

    How to read PCR value.
    What is denoted if it is above one or when it is below 1

    Thanks

  2. Nikhil Patel

    yeah must be a hated rally ….gap up after gap up very difficult to make n e profit out of it.
    thanks to ur system we dont hate it 😉

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