Nifty forms NR21 pattern, FII FnO Data Analysis


  • FII’s bought 37.2 K contract of Index Future worth 853 cores,40.2 K Long contract were added by  FII’s and 3  K  short contracts  were added by FII’s. Net Open Interest increased  by 43.2 K contract so today’s rise was used by FII’s to add majority longs   in Index Future. How Traders can Optimize Trading Mindset Part-I
  • Nifty has formed Narrowest Range in past 1 trading session also known as NR 21 pattern , which suggests breakout/breakdown of large magnitude is on cards in near future, which side we will cover in analysis going forwards. Gunner is still positive quadrant till holding above 1*1 gann line for bulls to get in momentum as per pyrapoint 8427 should be broken else dip towards 8228 is on cards.

Nifty Gunner

NIFTY - Pyrapoint

  • Nifty May Future Open Interest Volume is at 1.35 core with liquidation of 0.19 lakhs with  cost of carry going negative  suggesting  long position got closed. OI is lowest in last 3 months, such low OI generally suggests trending move is round the corner.
  • Total Future & Option trading volume was   at 2.18core with total contract traded at 4.1 lakh. PCR @1 .32approaching overbought zone.
  • 8500  CE  OI at 49.4  lakh , wall of resistance @ 8500 .8100/8400 CE saw liquidation of 10.2 lakh  ,so bears liquidated  aggressively  but still holding 66 lakh open position. FII bought 22.1 K  CE longs and 9.2 K shorted  CE  were covered by them.
  • 8100 PE OI@ 56.1  lakhs so strong base @ 8100.  8100/8400 PE added 24  lakh so bulls are gaining ground  and holding 84 lakh open position.  FII sold 3.5 K PE longs and 0.04 K PE  were shorted  by them.Retailers also bought 1.28 lakh of PE position,  So FII’s Buying CE and Retailers buying PE.
  • FII’s bought 123 cores  in Equity and DII’s bought 103  cores in cash segment.INR closed at 63.82


Buy above 8445 Tgt 8467,8494 and 8530 (Nifty Spot Levels)

Sell below 8415 Tgt 8396,8370 and 8347 (Nifty Spot Levels)


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  1. How do you conclude if CE’s / PE’s are bought by “retailers or FII’s” ???

    May 21, 2015
  2. Bramesh said:

    Thanks !!

    May 21, 2015
  3. Bramesh said:

    Get the difference of High and Low of NS you will get the range ..

    May 21, 2015
  4. kalvarthy said:

    Nifty’s range yesterday has been the lowest in last 77 Trading sessions!

    May 21, 2015
  5. namrrata70 said:

    Bramehsh sir could u please tell the range of NR 21

    May 21, 2015
  6. H BASAVARAJ said:

    Hi Bramesh Ji what is the value @ 1*1 gann line what is its meaning and another point FII’s holding huge quantity in put longs about 13 Lack’s does it mean before expiry we may se some 200 points downside?

    May 21, 2015
  7. reena said:

    so suggest trend is still bullish if today closing level holds….

    May 20, 2015
  8. Bramesh said:

    Write your plan and follow it..

    May 20, 2015
  9. Bramesh said:

    8347 typo regretted

    May 20, 2015
  10. Bramesh said:


    May 20, 2015
  11. Bramesh said:

    Close above 254 is crucial

    May 20, 2015
  12. mohit dudheria said:

    Bramesh ji , Your sell below targets Sell below 8415 Tgt 8396,8370 and 8247
    after 8370 direct 123 points down ?
    or is it 8347 ?

    May 20, 2015
  13. ramasamy said:

    you have explained in a lucid way the charts . every one who doesnot understand charts also will get enlightened by your explanation. great. carry on your wonderful write-ups.

    May 20, 2015
  14. Lalit Sehgal said:

    Sir your analysis are wonderful. I read them very carefully. But when I actually trading I tend to forget everything and do something stupid. Then I repent why I did not followed what Bramesh bhai told! I have no idea how to deal with this!

    May 20, 2015
  15. rajesh bhandari said:

    Sir what do u think about arvind my view buy at 242 trg 278

    May 20, 2015
  16. Steve Anderson said:

    Sir, Retailers also bought lot of CEs today.

    May 20, 2015

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