Nifty shows trend reversal or dead cat bounce, FII FnO Data Analysis

By | March 30, 2015

FII

  • FII’s sold 16 K contract of Index Future worth 227 cores,12.7 K Long contract were squared off by FII’s and 3.3 K short contracts  were added by FII’s. Net Open Interest decreased  by 9.3 K contract.
  • Nifty after 7 days of decline showed a rise of 150 points, Nifty closed above the last swing low of 8470 and is now entering the difficult resistance zone of 8535-8555 where we have trendline resistance,pyrapoint resistance and also 100 SMA. Price action in this zone will suggest the further course of action. Also as per gunner chart, we are heading towards important gann line support and green arc. So next two days are very important.

NIFTY - Pyrapoint

 

Nifty Gunner

  • Nifty April Future Open Interest Volume is at 2.01 core with liquidation of 11  lakhs with decrease in cost of carry suggesting  long position got closed in today rise.
  • Total Future & Option trading volume was   at 1.42  core with total contract traded at 4 lakh. PCR @0.95, NF premium has come down to 65 points from 130 points as discussed in last analysis.
  • 8600  CE  OI at 27.8 lakh ,wall of resistance @ 8600 .8300/8500 CE saw addition of 1.8  lakhs in addition to 12 lakh yesterday,so  bears have started adding to their position, and no liquidation was seen today after today rise of 150 points . FII bought 68.5 K CE longs and 5.6  K shorted  CE were covered  by them.
  • 8400 PE OI@ 24.5  lakhs so strong base @ 8400. No major addition or liquidation was seen in PE so bulls are neutral in start of series. FII bought 1.7 K PE longs and 11.2 K  PE  were shorted by them.
  • FII’s sold 240 cores  in Equity and DII bought 651  cores in cash segment.INR closed at 62.67.

 

Buy above 8537 Tgt 8560,8583 and 8600 (Nifty Spot Levels)

Sell below 8458 Tgt 8430,8413 and 8380 (Nifty Spot Levels)

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3 thoughts on “Nifty shows trend reversal or dead cat bounce, FII FnO Data Analysis

  1. sanzy

    Sir,

    your analysis was perfect today
    >>”Nifty closed above the last swing low of 8470 and is now entering the difficult resistance zone of 8535-8555 where we have trendline resistance,pyrapoint resistance and also 100 SMA. Price action in this zone will suggest the further course of action”

    Nifty couldn’t trade above 8550 and was struggling at 8535..also took good support again at 8470

    good work sir
    appreciate it

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