Bulls and Bears both thank Raghuram Rajan,FII FnO Data Analysis

By | March 4, 2015

FII

  • FII’s sold 8.8  K contract of Index Future worth 3 cores, 1.3 K Long contract were squared off by FII’s and 7.5  K  short contracts  were added by FII’s. Net Open Interest increased  by 6.1 K contract.
  • Nifty made a new All time High today @9119 after RBI cuts rates by 25 bps to 7.5% from 7.75%  .  If one observe RBI moves it becomes easier to trade , if 2006-07 when RBI was cutting rates market used to sell off after opening gap up and in 2007-2008 when RBI increased rates Maket used to go up after intital dip. Also as per Weekly Analysis gann date effect was seen in market. Today again the same story got repeated and we saw decline of 227 points from High. Nifty today’s range was higher than Budget day shows the quatum of move.   Nifty as per gann box is entering a new quadrant and took support at yeallow line.  Range of  8893/8885 should be closely watched holding the same bounceback can be seen till 8970/8980 range. Hourly charts trendline support is at 8841-8838 range.

NIFTY - Gann Box

nifty hourly

  • Nifty March Future Open Interest Volume is at 2.68 core with liquidation of 9.2 lakhs with decrease in cost of carry.Out of  36 Lakh Nifty OI  which was added in last 100 points, 10 lakh got liquidated today so 26 lakh are still holding out.
  • Total Future & Option trading volume was   at 2.99 core with total contract traded at 6.1 lakh. PCR @0.92.
  • 9000  CE  OI at 40.4 lakh  so wall of resistance @ 9000 .8700/8900 CE liquidated 0.9 lakhs,  no major addition after today’s fall suggesting bears are not confident on this fall . FII bought 40.1 K CE longs and 15.4 K  shorted CE were covered by them.
  • 8500 PE OI@ 43.  lakhs so strong base @ 8500. 8600/8900 PE  saw liquidation of 4.6  lakhs still no major liquidation and still 17  lakh OI added in past 2 days is holding so bulls are front foot as of now. FII added 14.7 K PE longs and 21.3 K PE were shorted by them.
  • FII’s bought 2786 cores  in Equity and DII bought 16 cores in cash segment.INR closed at 62.26.

 

Buy above 8960 Tgt 8978 ,9000 and 9025 (Nifty Spot Levels)

Sell below 8893 Tgt 8860,8840 and 8820 (Nifty Spot Levels)

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11 thoughts on “Bulls and Bears both thank Raghuram Rajan,FII FnO Data Analysis

  1. Dinesh Kumar

    Great Analysis as always by bramesh Ji. Thanks for the same. Sir, What is current Index PE value? Kindly help.

  2. saurabh

    I shorted at 8948 future price. Spot price was 8908 that time.

  3. Parimal

    there are negative divergences seen on all three timeframes, weekly, daily and hourly. daily and hourly have triggered. but there are no big sellouts. OI table shows, 9000 is the strong resistance, then 9200. 8500 is the support. i feel there will be long consolidation, is my assumption ok?

  4. Bramesh Post author

    Caution is always advised when you are trading.

    Rgds,
    Bramesh

  5. Anu

    There is a large bearish engulfing candle formed on 4th March with an increase in volumes. It also looks like the Nifty is forming a wedge pattern with 4 touches to upper and lower trendlines. Wouldn’t that warrant caution.

  6. Bramesh Post author

    Dear Mohitji,

    Follow trading levels with SL.

    Rgds,
    Bramesh

  7. mohitjain

    Brmesh ji fii datta not showing a salle of whyvtoday mkt down or hni pull down mkt or any big game is going in mkt ols awn

  8. Bramesh Post author

    NF low was 8926 on 04 March, 8904 NF never came how can you short ?

    Rgds,
    Bramesh

  9. saurabh

    Hi Bramesh, In you previous Analysison 3rd March, you have given 8904 as trend changer level and 19486 for BNF. I am now confused which Trend changer level to follow , I already shorted nifty at 8908 today

  10. prakash tanak

    Very informative and detailed analysis.

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