Nifty forms DOJI,FII FnO Data Analysis

By | June 23, 2015

FII

  • FII’s bought 64.9 K contract of Index Future worth 1394 cores ,44.6 K Long contract were added off by FII’s and 20.2  K  short contracts  were squared off by FII’s. Net Open Interest increased  by 24.3 K contract, so todays rise was used by FII’s to exit  shorts in index futures and add longs.  Golden Rules For Traders
  • Nifty continued with its higher high and higher low formation rising 458 points from the low of 7940. Nifty finally formed DOJI at the upper end of AF as shown in below chart.So if 8393 not crossed which is 50% Fibo retracement levels we can see some pullback of 8300/8270 in nifty. Gunner also show we are heading to grey line and green arc so caution advised on longs.High made today is at 3×1 gann angles as shown in hourly charts.

 AF

Weekly Gunner

nifty hourly

 

  • Nifty June Future Open Interest Volume is at 1.18 core with liquidation of 11 Lakh, with decrease in CoC suggesting longs  have exited out of system today.NF Rollover is at 31% with average rate @ 8325.
  • Total Future & Option trading volume was   at 3.98  core with total contract traded at4.1  lakh. PCR @1.04.
  • 8400  CE  OI at 48.7 lakh , wall of resistance @ 8400 .8000/8500 CE liquidated 24.2 lakh  ,so  bears finally gave up and liquidated major positions . FII bought 42.6 K  CE longs and 20.8 K shorted   CE  were covered by them.Retail sold 9K CE contracts. So FII’s bought heavily in CE contact and market keep moving higher.
  • 8300 PE OI@ 558.2  lakhs so strong base @ 8300.  8100/8500 PE added 17  lakh so bulls added aggressively today so 8300 is coming up to be strong support . FII bought 20 K PE longs and 15.8  K PE were shorted by them.Retail bought 1.19 lakh PE contracts.So FII’s long in CE and Retailers long in PE, so again its smart money which wins retailers holding short and market rising. 8300 or 8400 should break by FII and make writer of CE and PE run for cover.
  • FII’s sold 374  cores in Equity and DII’s bought 404  cores in cash segment.INR closed at 63.5159

 

Buy above 8410 Tgt 8435,8450 and 8471 (Nifty Spot Levels)

Sell below 8370 Tgt 8345,8335 and 8308 (Nifty Spot Levels)

 

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15 thoughts on “Nifty forms DOJI,FII FnO Data Analysis

  1. tony

    I think next month might break 7900… fii just does the opposite of trend for some time..

  2. deepak

    In My opinion if CoC decreases two days prior to expiry than every rise should be selloff ,in current expiry scenario too go short around 8410-20 with SL 8433 on closing basis with Tgt 8290-8310 June expiry.

  3. saravanan

    i think 8490 resistance nifty can not fall in this series
    nifty is waiting for next series

  4. Shree

    upside momentum is so strong that it can take market anywhere .. It is so strong that nifty can move even 3-4% easily if bulls decide to screw bears ..

    and this time DII’s moving it …FII’s are loosing mone.. last month and this expiry also .. lol ..

  5. jeejo raveendran

    Nifty for the past eight days trending in one direction with out any actual profit booking or correction & up by 458 points. This is not very much surprising since this happened many times in the past also.since fii investing in derivatives the action is steroidal in one side nature. Today June series open interest & CoC down(price moved up) only due to rollover in July series as mentioned above in TA & shrinking of niftys June premium. Here in July series with open interest, CoC, price moved up with a nifty premium around 25 points making to look heavy derivatives long build up in July series with out actual profit booking in June series by fii happened . But always with caution & hedging strategy trading should be seen in the next two trading days of wednesday & thrsday & also the first two days of July series -Friday & Monday these can be very much action packed trading days. Let’s wait & watch was one of the best strategy to learn with patience from Bramesh.
    .

  6. Suraj

    It’s usually either ‘kick on the butts’ or ‘pat on the back’. Not sure what you meant by combining both of them lol

  7. bvivek88

    Nifty PE is at 23.23. And, in the last few corrections, nifty always crashes once the PE is around 23.2 to 23.6

    But, looking at the strong buy by FII in derivatives, i’m not sure if PE might enter into bubble category of 24 this time.

    Don’t know what market has in stock for this time.

    Have to wait and watch.

  8. Bramesh Post author

    thats why we said Rollover is of 31%

  9. Bramesh Post author

    Golden Rule of trading when you are confused about market move stay out !!

    Rgds,
    Bramesh

  10. reena

    Ya my question is same …..if upside move is capped and nifty entering resistance zone then why such a huge buying from FII …sir plz clear the doubts

  11. Manish

    Please consider Futures data from Next month also. Longs are getting reduced in current month but added for next month.

  12. gargmanishp

    Bramesh Sir – I am unable to understand the conflicting signals – on one hand we have FIIs going long in Futures but we still have decreased CoC – indicating overall reduction in longs. Also conflicting signals – FII buying more CEs rather than wrting PEs – seems they too are unsure of the movement. Or they are very sure of quick rise is market that they are ready to add CEs rather than write PEs. Confused, completely confused.

  13. rajveer

    Thanks again, wont be surprised to see a test of the 50 dma near 8300 or so and a launch up afterwards into the major resistance zone near 8500.

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