Nifty signal bottom formation, FII FnO Data Analysis

By | October 16, 2014

FII_1

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  • FII’s sold 18.4 K contract of Index Future worth 724 cores, 22 K Long contract were squared off  and 3.6 K short contracts  were squared off  by FII’s. Net Open Interest decreased  by 25.7 K contract , so FII liquidated long in index futures  and also booked profit short in index futures.No fresh shorting done by FII’s suggests bottom is done or round the corner.
  • Nifty has taken support @ 100 DMA today, suggesting short term bottom is in place. Nifty has corrected 450 points in this current correction which has lasted for 22 trading days. Shorts needs to be extreme cautious now as the reversal will be fast, we have Diwali and election results coming on Monday so bulls can see a fast and furious come back. Also Dow,European market seems to be making a short term bottom.

nifty daily

  • Nifty Future October Open Interest Volume is at 1.44 core with liquidation of 2.7  lakh in OI  with decrease in CoC suggesting long liquidation.
  • Total Future & Option trading volume was   at 2.41  lakh core with total contract traded at 2.8 lakh. PCR @0.91
  • 8200  CE  OI at 59.2 lakh  suggesting wall of resistance , 7800/8000 CE  added 35.4  lakh suggesting  bears have got highly confident and any reversal will make them run for cover so moves will be very fast.  FII’s sold 7.8 K CE longs and 691  shorted CE  were covered by  them.
  • 7800 PE OI@ 66.9 lakhs so strong base @ 7800 . 7700 PE OI@51.1 lakh with addition of 1 lakh  so 7700 PE will not be broken for time being, FII’s bought 31.5  K contract  PE longs and 4.7 K PE were shorted  by  them.
  • FII’s sold 1128  cores in Equity and DII bought 664  cores in cash segment.INR closed at 61.84.

 

Buy above 7790 Tgt 7807,7826 and 7851 (Nifty Spot Levels)

Sell below 7730 Tgt 7700,7680 and 7650 (Nifty Spot Levels)


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14 thoughts on “Nifty signal bottom formation, FII FnO Data Analysis

  1. Bramesh Post author

    Its mentioned in weekly analysis please check

    Rgds,
    Bramesh

  2. tejas dave

    Sir. Levels for banknifty on long side for nexr week.

  3. V Manjunath

    Sir what does it meen by “OI with decrease in CoC suggesting long liquidation. “

  4. Bramesh Post author

    TT will work you do not need to buy anything

    Rgds,
    Bramesh

  5. Hurmaz

    Dear Sir, to learn technical analysis from you, Do i need to buy any software or software of Sharekhan trade tiger will work ?

  6. Bramesh Post author

    Please trade with SL when trading in F&O.
    Trend is down till it do not close above 952

  7. Bramesh Post author

    Thanks All !!

    Levels have been corrected.

    RGds,
    Bramesh

  8. Sathis

    I Bought Reliance 2lot Future @ 974 (After this Quarter Result) but now 930. what is trend remaining days. can you help me.

  9. Vipul

    Sir plz correct — buy above and sell below price. Close is 7748.
    Typing mistake.
    Thanks

  10. Geetha

    Hello Brameshji daily i follow ur post. I admire you for your knowledge and the way you present blog. Nifty levels are same as 14th oct is it correct? Pls suggest

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