Nifty ready for Big move, FII FnO Data Analysis

By | January 9, 2015

FII

  • FII’s sold 6.1 K contract of Index Future worth 62 cores, 17.3 K Long contract were squared off  by FII’s and 11.1 K  short contracts  were added  by FII’s. Net Open Interest decreased  by 28.4 K contract ,so FII’s squared off  both long  shorts in Index futures.
  • This is what we discussed yesterdayNow expect another gap up tomorrow going by historical data and traders should watch 8325-8320 range where next level of resistance lies ie. yeallow line of gann box as shown in below chart. Nifty made exact high near the yeallow line of gann box in volatile session of trade. Now 8300 holds the key any close above 8327 can see moving up till 8445/8500 odd levels.

NIFTY - Gann Circle

  • Nifty Future Jan Open Interest Volume is at 1.71  core with liquidation of 6.8 lakh in OI, short covering seen today.
  • Total Future & Option trading volume was   at 2.57 lakh core with total contract traded at 5.9 lakh. PCR @1.08.
  • 8400  CE  OI at 46.1 lakh so wall of resistance @ 8400 but writers have slowly started covering .8500/8600 CE saw liquidation of 6.7 lakhs so bears were taken off the guard and running for cover. FII bought 23.4 K CE and 15.3K shorted   CE were covered by them.
  • 8100 PE OI@ 54.7 lakhs so strong base @ 8100. 8200 PE  added 0.09  lakh in OI 8200 PE writers are getting confident of holding and 8300/8500 added 3.9 lakh in OI so bulls are back with bang adding to yesterday 10 lakh. FII bought 42.9 K PE and 40.9 K PE were shorted were by them.
  • FII’s sold 298  cores in Equity and DII bought 299 cores in cash segment.INR closed at 62.32.

 

Buy above 8303 Tgt 8328,8350 and 8372 (Nifty Spot Levels)

Sell below 8260 Tgt 8240,8215 and 8180 (Nifty Spot Levels)

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7 thoughts on “Nifty ready for Big move, FII FnO Data Analysis

  1. nagarajan1660

    Sir, I read between the lines and the big move is expected to be above 8200 as PE writers ( Bulls ) have written MORE of 8200 CE and go upto around 8400 as bears are writing LESS of 8400 CEs and MORE of 8500 calls .

    Is my learning correct ? Thanks..

    SN

  2. Rajan

    sir its 8364 level or 8327 for market to be out of bear territory

  3. Bramesh Post author

    Read between the line its all mentioned.

    Rgds,
    Bramesh

  4. Sachin

    Hi Bramesh, title says Nifty ready for big move but nothing is mentioned about is direction or reason behind it.. Please help us understand and learn

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