Nifty near 200 DMA,FII FnO Data Analysis

By | June 22, 2015

FII

  • FII’s bought 58.3 K contract of Index Future worth 1417 cores ,7.5K Long contract were added off by FII’s and 50.7  K  short contracts  were squared off by FII’s. Net Open Interest decreased  by 43.1 K contract, so todays rise was used by FII’s to exit  shorts in index futures. How to deal with trading loss
  • Nifty continued with its higher high and higher low formation rising 429 points from the low of 7940. Nifty has risen 430 points from the middle line of  Andrew Pitchfork has reached the upper end of AF as shown in below chart.So if 8370-8393 not crossed which is also 78.6% and 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.

AFNifty Gunner 

 

  • Nifty June Future Open Interest Volume is at 1.29 core with liquidation of 20 Lakh, with decrease in CoC suggesting longs  have exited out of system today.NF Rollover is at 24% with average rate @ 8290.
  • Total Future & Option trading volume was   at 3.85  core with total contract traded at 5.6  lakh. PCR @1.10.
  • 8500  CE  OI at 57.3 lakh , wall of resistance @ 8500 .8000/8500 CE liquidated 31 lakh  ,so  bears finally gave up and liquidated major positions . FII bought 46.3 K  CE longs and 45.8 K shorted   CE  were covered by them.Retail sold 0.97 lakh CE contracts. So FII’s bought heavily in CE contact and market keep moving higher.
  • 8000 PE OI@ 59.7  lakhs so strong base @ 8000.  8100/8500 PE added 37 lakh so bulls added aggressively today so 8200 is coming up to be strong support . FII bought 28.9 K PE longs and 29.7  K PE were shorted by them.Retail bought 1.66 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.
  • FII’s bought 651 cores in Equity and DII’s sold 94  cores in cash segment.INR closed at 63.51

 

Buy above 8370 Tgt 8395,8420 and 8438 (Nifty Spot Levels)

Sell below 8320 Tgt 8300,8284 and 8257 (Nifty Spot Levels)

 

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11 thoughts on “Nifty near 200 DMA,FII FnO Data Analysis

  1. saravanan

    as per my view this rally can go to 8489 level to watch if closed above near 8700 possible

  2. Raj Menon

    Like the comment “Smart Money Wins” !

  3. suresh

    HI Bramesh, you are really rocking and helping us to understand the nifty trend on daily basis. you are really great man.

  4. skpartha

    Dear Mr Bramesh,

    Hearty thank you ! you have been a guiding star ….

    Warm regards,

    SKP

  5. Surya

    Just awesome analysis Bramesh, I think resistance will be taken out in NF at 8383 and will soon 8440-8480 before expiry and close g above 8440 Then 8660 but 8380must be watched

  6. Bramesh Post author

    Levels are mentioned please trade/book profit accordingly.

    Rgds,
    Bramesh

  7. reena

    plz suggest the levels to book the profit in nifty long …

  8. rajveer

    Thanks again for terrific analysis. I think we are heading into resistance, won’t be surprised if we head up to 8490 or so before this rally falters. Right now just under the 200 dma which is also good resistance but may be taken out.

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