Nifty near make/break level of 8300, FII Data Analysis

By | December 10, 2014

FII

  • FII’s bought 13 K contract of Index Future worth 210 cores, 23.7 K Long contract were added  by FII’s and 10.6 K short contracts  were added by FII’s. Net Open Interest increased  by 34.4 K contract ,so FII’s added long in Index Futures and also added shorts in index future.
  • Nifty decline second day in a row another 100 points shaved off. Nifty is approaching two crucial levels EW target of 8300 and trendline support as shown in below 2 charts. If tomorrow 1 hour low is held nifty we can presume correction is over and can form short term bottom.

 

nifty hourly

 

Nifty Hourly EW

  • Nifty Future December Open Interest Volume is at 2.21 core with addition of 8.2 lakh in OI suggesting shorts addition.
  • Total Future & Option trading volume was   at 2.41  lakh core with total contract traded at 4.5 lakh. PCR @0.93.
  • 8600  CE  OI at 60.9 lakh so wall of resistance @ 8600.8400 CE saw addition of 10.3 lakh  so informed buying happening.FII sold 40 K CE and 9.6 K CE were shorted by them.
  • 8400 PE OI@ 54.4 lakhs so strong base @ 8400  . 8300 PE added 8.4  lakh in OI so strong base building happening @8300. FII bought 70 K PE and 1.9 K PE  were shorted  by them.
  • FII’s sold 221  cores in Equity and DII sold  345 cores in cash segment.INR closed at 61.91

 

Buy above 8352 Tgt 8371,8400 and 8420(Nifty Spot Levels)

Sell below 8300 Tgt 8275,8257 and 8230 (Nifty Spot Levels)

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9 thoughts on “Nifty near make/break level of 8300, FII Data Analysis

  1. pravin salampuria

    i am very interested in learning the tools of the trade with you as my teacher.

    i am in Mumbai.

    please let me know.

    thank you.

  2. Mithilesh Kumar

    Dear Bramesh,

    Is it advisable to buy Nifty PE options trading on discount to their intrinsic value?

  3. Bramesh Post author

    Dear Sir,

    Everyone has its own way of analyzing.

    Rgds,
    Bramesh

  4. Dharma

    Is there any change in the EW count after the current fall, and if V is still valid towards 8660 for this month itself? Pls advise. thanks.

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