Nifty forms Doji pattern, FII FnO Data Analysis

By | January 7, 2015

FII

  • FII’s sold 11.9 K contract of Index Future worth 216 cores, 23.4 K Long contract were squared off  by FII’s and 11.5 K  short contracts  were squared off by FII’s. Net Open Interest decreased  by 35 K contract ,so FII’s squared off both long and shorts in Index futures.
  • Nifty hourly chart touched the support line and formed a doji candlestick pattern similar to the one @ lows 7961 signalling short term bottom . Tomorrow going by historical data we should see gap up opening, and need to see a rally till 8200/8232 odd levels. Break of 8065 signals we might go down and touch 7961 odd levels.

nifty hourly

Nifty Weekly Andrew Pitchfork

 

  • Nifty Future Jan Open Interest Volume is at 1.87  core with liquidation of 4.4 lakh in OI. Still no fresh short additions seen.
  • Total Future & Option trading volume was   at 2.32 lakh core with total contract traded at 5.1 lakh. PCR @0.92 excessive bullishness  out of the system as PCR moved below 1
  • 8400  CE  OI at 59.3 lakh so wall of resistance @ 8400.8200/8400 CE saw addition of 27 lakhs so bears are attacking all strike prices and any strong reversal will take them off the guard. FII bought 6.3 K CE and 55.2 K CE were shorted  by them.
  • 8100 PE OI@ 46.5 lakhs so strong base @ 8100. 8200 PE  added 2.5  lakh in OI 8200 PE writers are getting confident and we can see Nifty moving above 8200 tommrow. FII bought 77.4 K PE and 1.7 K shorted  PE  were covered by them.
  • FII’s sold 1074 cores in Equity and DII bought 601 cores in cash segment.INR closed at 63.17 biggest fall in recent time.

 

Buy above 8108 Tgt 8145,8160 and 8192 (Nifty Spot Levels)

Sell below 8060 Tgt 8340,8020 and 7975 (Nifty Spot Levels)

Click Here to Like Facebook Page get Real time updates

9 thoughts on “Nifty forms Doji pattern, FII FnO Data Analysis

  1. ARJUN KAPOOR

    SIR, I CAME TO KNOW ABOUT THE GANN EMBLEM FOR THE FIRST TIME FROM YOU. ITS A WONDERFUL INDICATOR.
    THANKS…

  2. Sanjoy

    and as mentioned by you, market did open with a Gap up. wow.

  3. N. krishnaswamy

    Support is likely to be 8085/80 below can reach 8035 above 8120 can test 8148/8175. Just a view

  4. prakash tanak

    If Sell below 8060 Tgt 1 should be 8040 & not 8340. Am I right?

  5. bhalchandrabhuskute

    It should take a support at 8044.
    Bhalchandra

  6. Bramesh Post author

    Depends on market keep tgt of 2-3% per month on consistent basis..

  7. dtskalaii

    sir around 8320 to 8350 levels,,their may be another around of selling towards 7890 levels ,,,it will be an excellent chance for a bull run ,,by keeping a stoploss of 7757 levels ur opinion .ABOVE VIEW IS INVALID IF NIFTY CLOSES ABOVE 8410

  8. vishwanath b.

    hello sir,
    if u have 1 lakh investment how much return you earn in a month.

Leave a Reply