Nifty ready for Big move,FII FnO Data Analysis for 23 Jan

By | January 22, 2015

FII

  • FII’s bought 44.6 K contract of Index Future worth 901 cores, 35.6  K Long contract were added  by FII’s and 9 K  short contracts  were squared off by FII’s. Net Open Interest decreased  by 26.6 K contract ,so FII’s added long and squared off   shorts in index future in another dull day of trading.
  • Nifty made new life high today @ 8774 with another DOJI candlestick formation, keeping the suspense on between Bulls and bears , Nifty is trading well above its 34 HEMA@ 8707 so till its held bulls are in control. But one caution sign is momentum has slowed down considerably in past 2 session Reduction in the same exhibits alarming signal which warns that the current trend is into its last stages and it’s the time to pack up the profits.Also max correction we have seen is 88 points so if pullback in this range use this to buy. As i always say do not try to pick tops and bottom, go with the trend. Expect a big range breakout day tomorrow.

Nifty Hourly EW

nifty hourly

  • Nifty Future Jan Open Interest Volume is at 2.26 core with addition of 4.5 lakh in OI,  fresh long addition seen with increase in CoC.
  • Total Future & Option trading volume was   at 2.51 lakh core with total contract traded at 3.5 lakh. PCR @1.18 this shows excessive bullishness caution advised on longs ,VIX still trading above 18 keeping option premium high, good time for option writers as once VIX goes down prices will crash vertically.
  • 8800  CE  OI at 36.4 lakh so wall of resistance @ 8800 .8400/8700 CE saw huge liquidation of 21.6  lakhs so bears continued with their covering of Calls. FII sold 23.4 K CE and 27.7 K CE were shorted  by them.FII’s have started shorting CE so cautious on longs.
  • 8600 PE OI@ 52.5  lakhs so strong base @ 8600. 8800/8700 PE  added 15.9 lakh in OI so bulls are preparing ground for further assault and climbing over 8800 but will the succeed. FII bought 18.7 K PE and 43.6 K PE were shorted  by them.
  • FII’s bought 592 cores in Equity and DII sold 578 cores in cash segment.INR closed at 61.69.

 

Buy above 8781 Tgt 8801,8828 and 8858 (Nifty Spot Levels)

Sell below 8750 Tgt 8734,8707 and 8687 (Nifty Spot Levels)

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14 thoughts on “Nifty ready for Big move,FII FnO Data Analysis for 23 Jan

  1. Sachchidanand Paradkar

    Basically , we are in uncharted territory , where your guess is as good as mine. It is no use to predict this upmove , since the newsflow is uncertain. My best guess is Greece public will not vote for opposition & will stay in euro zone and markets will cross 8900 effortlessly.

  2. Kushal

    You said Nifty Futures Trend Deciding level is 8772 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8651…these levels are of Nifty Future Price…am i right in my understanding ??

  3. prasenjit

    Hi bramesh i am interested in doing the basic course. Pls give ur contact details

  4. RPModi

    You said max correction as 88 points Is it from day’s high or closing price?Taking High of yesterday at 8774 if NS breaches 8761-88=8673,shall we exit longs?Am I correct in my understanding?

  5. Bramesh Post author

    Lets see whats market is having in store for us.

  6. Rajan

    Greece election on Sunday, a oposition win with anti austerity agenda will
    again raise Euro concerns..

  7. skeerthikumar

    Yes… if it is unable to cross above 8790 and going below 8750 will confirm some pullback and can test as low as 8447.

  8. saikrishnamvv

    Hi Bramesh..i see that you have tentatively marked C around 8800 + plus calls being written at 8800..Few pointers point to a downmove while retail are already cautious and trying to short. so may be one round of upmove to squeeze out all shorts and then correction?

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