Nifty trades around 50 DMA, FII FnO Data Analysis

By | December 15, 2014

FII

  • FII’s bought 6.6 K contract of Index Future worth 178 cores, 7.6 K Long contract were added by FII’s and 0.9 K short contracts  were added by FII’s. Net Open Interest increased  by 8.6 K contract ,so FII’s added long in Index Futures more aggresively and continue adding shorts in index future.
  •  Nifty has corrected 475 points in the current correction, Review of Nifty Corrections in 2014  We are near AF Support, September month resistance of 8181 and 50 SMA, so traders shorts can book profit. Bulls will get lease of life above 8242 and major short covering can come above 8330. Bull market correction are fast and furious so use the dips to enter delivery based buying.

nifty daily

 

  • Nifty Future December Open Interest Volume is at 2.35 core with addition of 3.9 lakh in OI suggesting shorts addition ,with increase in VIX.
  • Total Future & Option trading volume was   at 2.15  lakh core with total contract traded at 3.4lakh. PCR @0.91.
  • 8500  CE  OI at 70.7 lakh so wall of resistance @ 8500.8000/8400 CE saw addition of 18.2 lakh so  bears are in full form.FII sold 17.6 K CE and 19.9 K CE were shorted  by them.
  • 8200 PE OI@ 49.2 lakhs so strong base @ 8200  . 8100 PE added 4.4  lakh in OI so traders are making strong base in this range. FII bought 0.05 K PE and 3.1 K PE  were shorted  by them.
  • FII’s sold 455  cores in Equity and DII bought 136  cores in cash segment.INR closed at 62.94.

 

Buy above 8222 Tgt 8242,8257 and 8294(Nifty Spot Levels)

Sell below 8200 Tgt 8186,8160 and 8140 (Nifty Spot Levels)

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5 thoughts on “Nifty trades around 50 DMA, FII FnO Data Analysis

  1. saravanan

    sir i think doing your weekly level used nifty option call or put is it possiple sir ?

  2. Bramesh Post author

    Please read the earlier post HCL views are shared.

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