Has Nifty formed short term bottom,FII FnO Data Analysis

By | December 18, 2014

FII

  • FII’s bought  1.7 K contract of Index Future worth 36 cores, 15.4 K Long contract were added by FII’s and 13.7 K short contracts  were added by FII’s. Net Open Interest increased  by 29.2 K contract ,so FII’s added long in Index Futures  and continue adding shorts in index future.
  •  Nifty has corrected the scared 666 points in the current correction, Review of Nifty Corrections in 2014  .As discussed yesterday Today fall has lead to capitulation as the last savior of Bulls pharmas cracked today, market showed good recovery from the low of 7961 but till it do not close above  8082 bears are still having upper hand. Nifty has taken support near the Gann Box, also signalling short term bottom can be formed soon.  So signs of short term bottom were visible yesterday and Nifty confirmed by opening gap up and holding the gap, now tomorrow move above 50 SMA and 8215 will confirm reversal in trend. Current market correction Bull market correction are fast and furious so use the dips to enter delivery based buying. Nifty is now near 2X1 line of gann box closing above it will give more power to bulls.

nifty daily

 

  • Nifty Future December Open Interest Volume is at 2.20 core with liquidation of 19.2 lakh in OI suggesting shorts liquidation ,with decrease in VIX.
  • Total Future & Option trading volume was   at 3.03lakh core with total contract traded at 4.8 lakh. PCR @1.03.
  • 8500  CE  OI at 54.3 lakh so wall of resistance @ 8500.8000/8400 CE saw liquidation of 16.4 lakh so  bears are still holding majority of shorts, no major panic in option writers, closing above 8215 will make writers panic.FII bought 39.6 K CE and 9.9 K CE were shorted  by them.
  • 8000 PE OI@ 51.7 lakhs so strong base @ 8000. 8100/8200 PE  added 7.4  lakh in OI so  8100/8200 PE writers are back in action. FII bought 27.9 K PE and 5.2K PE  shorted   PE were covered by them.
  • FII’s sold 874 cores in Equity and DII bought 648 cores in cash segment.INR closed at 63.12

 

Buy above 8175 Tgt 8194,8225 and 8242 (Nifty Spot Levels)

Sell below 8140 Tgt 8110,8082 and 8030 (Nifty Spot Levels)

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8 thoughts on “Has Nifty formed short term bottom,FII FnO Data Analysis

  1. Bramesh Post author

    Levels are mentioned please trade accordingly.

    Rgds,
    Bramesh

  2. jigar shah

    What to do now sir in nifty? Should Clear all buy. ? Or hold

  3. Bramesh Post author

    Abhiji,

    Nifty is up more than 200 points from lows.

  4. Abhi

    Bramesh Ji,
    Can today’s rise qualifies as crossing/exceeding that 80-90 point rise which was max seen in this correction.
    Thanks

  5. gaurav

    Bramesh ji,how did u calculate all this..pls share..i m new to market

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