Nifty enter support zone, FII FnO Data Analysis

By | December 12, 2014

FII

  • FII’s bought 14.5 K contract of Index Future worth 352 cores, 37.6 K Long contract were added by FII’s and 23.1 K short contracts  were added by FII’s. Net Open Interest increased  by 60.7 K contract ,so FII’s added long in Index Futures and continue adding shorts in index future.
  • Nifty has broken its hourly channel,broken its 38.2% retracement. Nifty has corrected 411 points in the current correction, maximum correction seen in current bull market was 476 points.  We are near AF Support, September month resistance of 8181 and 50 SMA, so traders shorts can book profit. IIP data is very bad , CPI was good and Bull market correction are fast and furious so use the dips to enter delivery based buying.

Nifty Weekly Andrew Pitchfork

 

  • Nifty Future December Open Interest Volume is at 2.31 core with addition of 10 lakh in OI suggesting shorts addition ,with expanison in VIX.
  • Total Future & Option trading volume was   at 2.42  lakh core with total contract traded at 4.1 lakh. PCR @0.88.
  • 8500  CE  OI at 71 lakh so wall of resistance @ 8500.8400 CE saw addition of 8 lakh so total of 17.6 lakhs added in 8400/8500 CE so bears are in full form.FII bought 1.5 K CE and 2.8 K shorted  CE were covered by them.
  • 8200 PE OI@ 42.8 lakhs so strong base @ 8200  . 8100 PE added 10  lakh in OI so traders are making strong base in this range. FII bought 31.9 K PE and 12.6 K PE  were shorted  by them.
  • FII’s sold 865  cores in Equity and DII bought 323  cores in cash segment.INR closed at 62.30

 

Buy above 8254 Tgt 8270,8291 and 8321(Nifty Spot Levels)

Sell below 8216 Tgt 8186,8146 and 8100 (Nifty Spot Levels)

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8 thoughts on “Nifty enter support zone, FII FnO Data Analysis

  1. H BASAVARAJ

    Hi vivek i too have reservations regarding fii’s buying 31.9k PE’s how to know and confirm that really fii’s bought so much of PUT
    with regards

  2. vivek

    Hi Bramesh,

    What’s your take on this?

    I’m kind of confused. As per past data analysis points written here, correction might be over. But FII have bought more PE which indicates that FII are still expecting market to go down?

  3. vivek

    Dear Brahmesh,

    One question though,
    FII bought 352 crores worth of futures.
    Nifty has corrected 411 points in the current correction, maximum correction seen in current bull market was 476 points.
    We are near AF Support, September month resistance of 8181 and 50 SMA, so traders shorts can book profit.

    As per past data analysis we can assume that bear market may be over. But still FII bought 31.9 K PE.
    Does this mean that market is in a critical point and from here bull or bear might take control? Kind of a confused state.

  4. Rajan

    if nifty didnt take support here it will take at 8085 levels…. its 89ema last time it took support at 7723 ….it was 89 ema.. broadly 8100 levels to watch

    sir your observation on it,

  5. Parimal Devnath

    Sir, thanks for keen observation. i feel, yet, exhaustion on down-slide is not noticed. regards

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