Nifty corrects from pyrapoint resistance,FII FnO Data Analysis

By | July 21, 2015

FII

  • FII’s bought 49 K contract of Index Future worth 1256 cores ,19.4 K Long contract were added  by FII’s and 29.5 K  short contracts  were squared off by FII’s. Net Open Interest decreased  by 10K contract, so today’s correction  was used by FII’s to enter  longs in index futures and exit shorts in index futures. Are You Comfortable with your trading ?
  • Nifty today again was unable to cross the pyrapoint resistance,after a very good Infosys number finally succumbed to selling pressure after 2 PM and made a lower low of 8517 and closed at lowest point of the day.Pyrapoint suggest support lies in zone of 8492/8500 range. Holding the same Nifty can see a rise to break its resistance of 8636. Gunner also suggests range of 8480/8500 strong support zone. Fresh buying should be done on close above 8535 on nifty spot.

Nifty Gunner

NIFTY - Pyrapoint

  • Nifty July Future Open Interest Volume is at 2.07 core with liquidation of 7 Lakh, with decrease in CoC suggesting  longs positions were closed today.
  • Total Future & Option trading volume was   at 2.54 core with total contract traded at 3.9  lakh. PCR @1.19
  • 8600  CE  OI at 47.6  lakh , wall of resistance @ 8600 .8400/8800 CE added 7.3  lakh so bears  finally got upper hand today and added aggressively today . FII sold 9.6 K CE longs and 3.3 K CE were shorted by them.Retail bought 82.1 K CE contracts.Retailers buying CE and market going down.
  • 8500 PE OI@ 58.6  lakhs so strong base @ 8500.  8500/8700 PE liquidated 18 lakh so major liquidation seen in  8500/8600 CE still holding 167 lakh suggesting bulls are still holding  aggressive positions at lower levels . FII sold 30 K PE longs and 5.3 K shorted PE were covered by them.Retail sold 72.8 K PE contracts.
  • FII’s sold 226 cores in Equity and DII’s bought 146 cores in cash segment.INR closed at 63.54

 

Buy above 8536 Tgt 8560,8580 and 8610 (Nifty Spot Levels)

Sell below 8510 Tgt 8482,8462 and 8440 (Nifty Spot Levels)

 

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10 thoughts on “Nifty corrects from pyrapoint resistance,FII FnO Data Analysis

  1. Vivek

    Its written “19.4 K Long contract were added by FII’s and 29.5 K short contracts were added by FII’s”

    Doesnt this mean shorts are added more than long?? :S

  2. Bramesh Post author

    we gave indication yesterday when we said hanging man pattern was formed

  3. Bramesh Post author

    Lower lows are formed so uptrend is over as of now. need to see follow up move if 8500 is protected

    fii did not add shorts.

  4. SK

    29.5 K short contracts were squared off by FII’s.
    So tomorrow uptrend may resume

  5. Anu

    Hello, Today’s candle was bearish engulfing pattern. And if you see previous 4 days then we have evening star pattern. Do you think this could signal reversal of uptrend

  6. ganeshktgs

    Hello Sir, I would also ask the same question regarding quant analysis as correction was more than 66 points. Thanks

  7. sathish4308

    All Stock position in Longs got stopped out. Luckily I placed it at cost to cost. Always I place strict stop loss.

  8. manoj

    Mr Bramesh,

    I would like to draw your attention to the fact mentioned by you in your previous post i.e.

    1. “As per Quant analysis correction of more than 66 points only will end this uptrend.”

    The correction is more than 66 points, Should we assume the uptrend has finished.

    2. As per this post FII’s have added shorts and not exited. (para 1)

    It would be of immense help if you could throw light.

    Regards,

    Manoj

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