Nifty ready for Big move, FII Data Analysis

By | March 11, 2015

FII

  • FII’s bought 13.5 K contract of Index Future worth 337 cores, 7.5 K Long contract were added by FII’s and 5.9 K  short contracts  were squared off  by FII’s. Net Open Interest increased  by 1.6 K contract.
  • Nifty formed  an inside bar pattern and continued with consolidation, Nifty made high of 8755, classical technical analysis at work with Budget day support becoming resistance now.  On Hourly charts trendline support @ 8684/8690 range as shown in below chart and below that 8645/8630 range. As per gann box till 2X1 line is not crossed nifty will remaining under selling pressure. Largest correction seen in the current bull market is 666 points so still we can go down further another 200 points. 50 SMA @8648 should be watched closely in next 2 trading session.As per time analysis Nifty should show trending move in next 2 sessions.

NIFTY - Gann Box

nifty hourly

 

  • Nifty March Future Open Interest Volume is at 2.49 core with addition of 0.98 lakhs with increase in cost of carry.
  • Total Future & Option trading volume was   at 2.06 core with total contract traded at 4.2,lakh. PCR @0.92.
  • 9000  CE  OI at 59.3 lakh  so wall of resistance @ 9000 .8700/8900 CE added 7.1 lakhs, in addition to 36 Lakh in past 4 session, bears are in front foot real test will come in next 2 days. FII sold 17.1 K CE longs and 16.6 K  CE were shorted by them.
  • 8500 PE OI@ 46.6  lakhs so strong base @ 8500. 8600/8700 PE  saw addition of 3.5 lakhs in addition to 7.5 lakh so bulls are warming up, but test will come in next 2 days. FII added 29.7 K PE longs and 10.4 K shorted  PE were covered by them.
  • FII’s sold 444 cores  in Equity and DII sold 338 cores in cash segment.INR closed at 62.78.

 

Buy above 8713 Tgt 8742 ,8785 and 8816 (Nifty Spot Levels)

Sell below 8665 Tgt 8650,8620 and 8580 (Nifty Spot Levels)

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

  1. Pratiok

    Sir,

    as indicated by you in yesterday , NF premium is down to 32 points now

  2. Bramesh Post author

    yes sir your understanding is correct.

    Rgds,
    Bramesh

  3. prakash tanak

    Sir.

    What about GANN TURN DATE effect which is /was expected that on 10th or 12th March 2015?

    Can we say that 2.03% fall on 9th March was the effect of Gann Date coming 1 day earlier? I think +/- 1 day margin is always there.

  4. aditya

    Buying coming in in nifty at 8720 level repeatedly in future. Expect nifty to go till 8840 in future.

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