Nifty hits pyrapoint resistance,FII FnO Data Analysis

By | July 14, 2015

FII

  • FII’s bought 40.8 K contract of Index Future worth 888 cores ,40.7 K Long contract were added  by FII’s and just 99  short contracts  were squared off  by FII’s. Net Open Interest increased  by 40.6 K contract, so today’s fall was used by FII’s to enter longs in index futures How To get rid of Bad Trading Habits
  • Nifty had a day of consolidation and setting up base for another big move which should come in next 1-2 session, Bulls should protect 8424 on downside and bear should protect 8510 on upside. Break of any side will show a move of 80-100 points. Nifty is heading towards 1*2 gann line and closing above it and pyrapoint resistance of 8487 will give green signal to bulls for rally till 8600/8670,Unable to cross the same can lead to pullback till 8350/8338 range. Pyrapoint suggests big move is round the corner.

Nifty Gunner

NIFTY - Pyrapoint

  • Nifty July Future Open Interest Volume is at 1.98 core with addition of 2.1 Lakh, with decrease in CoC suggesting shorts have entered the system. NF Rollover range @8357 has helped bulls.
  • Total Future & Option trading volume was   at 1.83 core with total contract traded at 5.2  lakh. PCR @0.87
  • 8500  CE  OI at 46.8 lakh , wall of resistance @ 8500 .8000/8500 CE liquidated 6.8  lakh so bears feel the pain as VIX reduced  ran for cover   holding 33 lakhs overall. FII bought 9.8 K CE longs and 14.4 K shorted CE were covered by them.Retail bought  34.1 K CE contracts.
  • 8300 PE OI@ 54.8 lakhs so strong base @ 8300.  8300/8500 PE added 6.1lakh  still holding 109 lakh suggesting bulls have made aggressive positions at lower levels . FII bought 16.1 K PE longs and 595 PE were shorted by them.Retail bought 34 K PE contracts.
  • FII’s bought 269 cores in Equity and DII’s sold 131  cores in cash segment.INR closed at 63.39

 

Buy above 8460 Tgt 8481,8508 and 8537 (Nifty Spot Levels)

Sell below 8425 Tgt 8400,8387 and 8355 (Nifty Spot Levels)

 

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7 thoughts on “Nifty hits pyrapoint resistance,FII FnO Data Analysis

  1. expallesco

    Excellent article.
    A must have basic knowledge before one starts trading in F&O.
    Thanks a ton.

  2. fan

    Day high closing champ ji… Lets hope for the best 🙂

  3. expallesco

    Kindly help understand the following points in the analysis;
    1. Net Open Interest increased by 40.6 K contract, so today’s fall was used by FII’s to enter longs in index futures
    2. with decrease in CoC suggesting shorts have entered the system.

    Slightly confusing for me.
    Please help understand.
    Thanks.

  4. rashmi

    Bank nifty closed almost at d lowest point of d day with selling in almost all banks stocks in last 15 mins..can u plz suggest where is the immediate support n resist for bnf..?

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