Will 8840 play spoilsport for Bulls ?

By | February 13, 2015

FII

  • FII’s bought 55.6 K contract of Index Future worth 1137 cores, 38.7 K Long contract were added  by FII’s and 16.9 K  short contracts  were squared off by FII’s. Net Open Interest increased  by 21.8 K contract ,so FII’s added aggressive long  in Index Futures and squared off shorts in index futures.
  • Nifty did a follow up on breakout on Hourly chart, now is again near a big trendline resistance of 8830-8840 range, Nifty has 3 failed attempt in crossing this range, once crossed we can see another trending move on upside. Gann Box is also approaching the green line as shown in below chart, once crossed we will move towards the yeallow line as shown in below chart.

 

nifty hourly

 

NIFTY - Gann Box

  • Nifty Future Feb Open Interest Volume is at 2.58 core with addition of 5   lakhs so long addition was seen, but few short also added at higher levels as cost of carry increased.
  • Total Future & Option trading volume was   at 2.39 core with total contract traded at 4.4 lakh. PCR @0.95.
  • 9000  CE  OI at 61.7  lakh so wall of resistance @ 9000 .8400/8900 CE liquidated huge 17.5  lakhs so bears have started giving up after a 350 point rise. FII sold 5.9 K CE and 7.6 K shorted  CE were covered by them. Many traders are confused FII are shorting market but still market is going up, Do understand FII have good holding power and they do not play for 20/50 points they play for atleast 300/500 points in a trade so even if market goes up due to various factor they have holding power and also adding short at higher levels based on proper risk and money management. So try to follow your trading system use FII numbers as an input to your trading plan.
  • 8600 PE OI@ 41.9  lakhs so strong base @ 8600. 8700/8900 PE  saw addition of 25.4 so bulls have started adding aggressively  and 8800 can add as short term support in case of any dip .  FII bought 28.6 K PE and 15 K PE were shorted by them.
  • FII’s bought 390 cores in Equity and DII bought 95 cores in cash segment.INR closed at 62.1.

 

Buy above 8822 Tgt 8841,8878 and 8934 (Nifty Spot Levels)

Sell below 8780 Tgt 8750,8720 and 8690 (Nifty Spot Levels)

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7 thoughts on “Will 8840 play spoilsport for Bulls ?

  1. Dhananjay

    According to the Fibonacci time projection we are at imp point. 15-16 Fed in imp. The retracement level is also at current spot level.

    Looking at both and EU meeting on monday we need to keep close watch on price.

    Bramesh your vier on the background of EU meeting happening monday . What importance we should give to Greece event.

  2. venkatr78

    can u tell me from where do you get this daily FII data on futures& options

  3. Bramesh Post author

    You are seeing 1 day data am talking after analyzing weekly data.

    Rgds,
    Bramesh

  4. Alva.S

    You said fii’s are shorting the mkt. But at same time u said they bought 1137 cr worth index futures. Ye baath kuch hajam nahi ho rahi hei. Are we treating the whole fii comunity as one client. They also have different opinions. There could be some fiis are short and some other long. At the same I also like to say the data what u r talking about and the data u r using to analyze is of one exchange. But in fact fii couldhave some adverse ppositions in other exchanges where nifty or sensex are traded. Just out of curiosity I asked this question. You can chose to ignore if you want. Was just trying to make out the dependability of the data. At same time its not only the holding capacity, its the convenience of having the adverse positions in other mkts makes them comfortable. Thats what I think makes them king makers.

  5. prakash tanak

    Is 16/02/2015 an important date as per GANN Emblem? If yes, no reminder about it in this article?

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