Nifty near Gunner support, FII FnO Data Analysis

By | March 23, 2015

FII

  • FII’s sold 17.9 K contract of Index Future worth 427 cores,13.5 K Long contract were squared off by FII’s and 4.3 K short contracts  were added  by FII’s. Net Open Interest decreased  by 9.2 K contract.
  • As per Pyrapoint Analysis Nifty Opened nifty is entering the support zone of 180 degree and holding well above its red line.  Gann Box also suggests we are entering a support zone and shorts should be cautious. Also Gunner in the second chart suggests we are nearing the sell target, so profit booking in shorts should be done. We can see another round of decline till 8497  if 8550 on Nifty is broken , if not we can see a fast and swift bullish move above 8600.  Gunner chart also suggests we are nearing short term bottom and relief rally can be seen in next 2 trading sessions. Gann Box Analysis also shows we are near 2×1 line also entering a new quadrant tomorrow.

NIFTY - Pyrapoint

NIFTY - Gann Box

Nifty Gunner

  • Nifty March Future Open Interest Volume is at 2.19 core with liquidation of 9 lakhs with decrease in cost of carry. Rollover have started and 15.1 % rollover were witnessed today with average rate of 8671.
  • Total Future & Option trading volume was   at 2.94 core with total contract traded at 3.2,lakh. PCR @0.78 lower end of trading range.
  • 9000  CE  OI at 46.6 lakh ,wall of resistance @ 9000 .8600 CE saw addition of 10 lakhs,so  bears added big time in 8600 CE, bears strength will be tested in next 2 session and still holding 100  lakhs in past 6 session. FII sold 4.6 K CE longs and 15 K  CE were shorted  by them. Biggest beneficiaries of this range bound move in the series is for Option Writers.
  • 8500 PE OI@ 52.7  lakhs so strong base @ 8500. 8700/8900 PE  saw liquidation of 13 lakhs  so finally weak  bulls started covering their positions . FII bought 2.1 K PE longs and 8.7 K  shorted PE  were covered by them.
  • FII’s bought 354 cores  in Equity and DII sold 219  cores in cash segment.INR closed at 62.24.

 

Buy above 8567 Tgt 8590,8614 and 8630 (Nifty Spot Levels)

Sell below 8540 Tgt 8524,8498 and 8460 (Nifty Spot Levels)

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One thought on “Nifty near Gunner support, FII FnO Data Analysis

  1. saikrishnamvv

    Hi Bramesh…ADX is well below 20 for sometime in this fall. For swift moves we need it to be above 20 and moving up right?

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