Nifty forms evening star pattern,FII FnO Data Analysis


  • FII’s sold 16.3  K contract of Index Future worth 271 cores ,7.4 K Long contract were squared off  by FII’s and 8.9 K  short contracts  were added  by FII’s. Net Open Interest increased  by 1.5 K contract, so today’s fall was used by FII’s to enter shorts in index futures Are you Victim of “Out of Control Trading”
  • Nifty after yesterday Doji candle, opened with big gap down due to turmoil going in china (China Crashes Most Since 2007) bulls tried to fill gap but break of Trend Changer level lead to bigger fall, Nifty broke important support of 8370. Today Bulls needs to close above 8398 for come back. As shown in below chart Nifty formed exact high at gunner horizontal line and now is at crucial support of red arc. Pyrapoint also suggests we are near support zone holding the same rally can occur else bears will have upper hand.

Nifty Gunner

NIFTY - Pyrapoint

  • Nifty July Future Open Interest Volume is at 1.81 core with liquidation of 4 Lakh, with decrease in CoC suggesting shorts have closed today. NF Rollover range @8357 should be kept close eye on,holding below bears are in control above it bulls have upper hand.
  • Total Future & Option trading volume was   at 2.96 core with total contract traded at 8  lakh. PCR @0.97, VIX spiked 10% today.
  • 8500  CE  OI at 45.8 lakh , wall of resistance @ 8500 .8000/8500 CE added 13.1  lakh so bears added aggressively holding 33 lakhs overall. FII bought 336  CE longs and 23.6 K CE  were shorted by them.Retail bought 108 K CE contracts.
  • 8000 PE OI@ 52.5 lakhs so strong base @ 8000.  8100/8500 PE liquidated 13  lakh so bulls liquidated 13 lakh even with 150 point fall its a small liquidation and still holding 93 lakh suggesting bulls have not lost hope . FII bought 106 K PE longs and 30.4 K PE were shorted by them.Retail sold 143 K PE contracts.So again retailers bought CE and market going down.
  • FII’s sold 354 cores in Equity and DII’s sold 346  cores in cash segment.INR closed at 63.59


Buy above 8388 Tgt 8405,8420 and 8433 (Nifty Spot Levels)

Sell below 8340 Tgt 8320,8298 and 8272 (Nifty Spot Levels)


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  1. Bramesh said:

    Thanks its updated

    July 10, 2015
  2. Bramesh said:

    THanks a lot !!

    July 10, 2015
  3. Kets said:

    I will recommend you to contact them. It is ethically wrong, I mean one should give credit where it is due. Further, it is always better to learn what you don’t know rather than imitate.

    July 9, 2015
  4. Bramesh said:

    Thanks for sharing,very weird.


    July 9, 2015
  5. mahadev said:

    Hi Bramesh,
    Good Morning Sir. As usual very good analysis . I follow your blog regularly.

    July 9, 2015
  6. Thakur said:

    Bramesh, good morning. Please elaborate the meaning of evening star. Also different formations from time to time. As usual your analysis is awesome.

    July 9, 2015
  7. Thank You for the great analysis. Given the global back drop and the big cut yesterday I think the downside continues. In this recent move up few stocks like reliance,HDFC etc have accounted for a bulk of the gains so this is clearly not sustainable and lower levels are likely.

    July 9, 2015
  8. H BASAVARAJ said:

    Hi Bramesh GM
    FII’s bought 106K PE and not not sold
    todays market to be neutral to bearish or volatile 8300 to 8400

    July 9, 2015
  9. Srini said:

    Hi Bramesh,
    Good Morning Sir. As usual very good analysis . I follow your blog regularly. the Supply and demand zone levels mentioned in your articles are helpful and got good profit by following those levels. could you please educate on the same and explain how to calculate supply and demand zones?

    I just calculated. FII’s have bought 106k PE opion index longs.Please correct that. Thank you.

    July 9, 2015

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