Nifty rallies from pyrapoint support, FII FnO Data Analysis


  • FII’s sold 14.8 K contract of Index Future worth 294 cores ,3.6 K Long contract were added  by FII’s and 18.5 K  short contracts  were added by FII’s. Net Open Interest increased  by 22.1 K contract, so today’s rise was used by FII’s to enter  both  longs  and shorts in index futures . Do and Don’ts for Intraday Trading
  • As discussed yesterday 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 opened gap down took support at pyrapoint support and gunner support and rallied moving to higher end of pyrapoint. Nifty was unable to break the resistance zone of 8636/8640. Any close below it can see move towards 8500/8520 and above it 8720/8700

NIFTY - Pyrapoint

Nifty Gunner

  • Nifty July Future Open Interest Volume is at 2.14 core with addition of 7.2 Lakh, with decrease in CoC suggesting  short  positions got added  today.
  • Total Future & Option trading volume was   at 3.09 core with total contract traded at 3.9  lakh. PCR @1.15
  • 8700  CE  OI at 46.6  lakh , wall of resistance @ 8700 .8400/8800 CE liquidated 9.2  lakh so bears again got knockout punch from bulls and had to liquidated what was added yesterday . FII bought 30.3 K CE longs and 4.4 K  shorted CE were covered by them.Retail sold 52.5 K CE contracts.
  • 8500 PE OI@ 68.4  lakhs so strong base @ 8500.  8500/8700 PE  added 32.5 lakh so major addition seen in  8500/8600 CE still holding 199 lakh suggesting bulls are still holding  aggressive positions at lower levels . FII sold 5.3 K PE longs and 3.3 K PE were shorted by them.Retail sold 72.8 K PE contracts.Retailers buying PE and market going up.
  • FII’s bought 450 cores in Equity and DII’s sold 351 cores in cash segment.INR closed at 63.58


Buy above 8646 Tgt 8665,8685 and 8737 (Nifty Spot Levels)

Sell below 8590 Tgt 8570,8540 and 8498 (Nifty Spot Levels)


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  1. Shree said:

    Exit when you get chance.. It is highly likely that expiry will take place between 8800 -9000 on nifty

    July 23, 2015
  2. vikaskvikas said:

    Dear Bramesh Sir.


    thanks for your daily write ups.

    it working perfectly for a trader like me.
    vikas kumar

    July 23, 2015
  3. sl said:

    never ever buy options until all studies and indicators show a reversal in trend.once trend reversal is confirmed but options with a stoploss. and always book as soon as you see more than 10 percent of now you can close your options and with the left amount buy next month puts ,,ya u wil get only 30percent of the quantity.

    July 23, 2015
  4. Bramesh said:

    I am not in a Business of Prediction , I am least interested in when a reversal will happen but more interested in following the trend with my trading levels. If target comes we book profit and if SL is triggered we take it happily and sit out of market waiting for next opportunity.


    July 23, 2015
  5. Bramesh said:

    Yes Retail bought PE

    July 23, 2015
  6. lalit said:

    As per data retail sold put but u suggest that retail buying put can u please validate your statement

    July 23, 2015
  7. Amit said:

    Mr Bramesh when last time there was definite downtrend in April from 8800 could u predict it. If yes what were indicators then . It will come handy for us if Nifty starts downward to 8200 in anticipation of fed rate change in sep

    July 23, 2015
  8. Ananth said:

    Hi all, I have 8700PE @112 Please advice me to hold or exit.

    July 23, 2015
  9. Rino said:

    hi i bought PE 8300 july expiry quantity10000 for 58, i spent 5.8 lakh, now it is only 4.8 what should i do

    July 23, 2015
  10. devraj said:

    update nifty not able to cross 8700 this series because gst ot passed this month so sell at 8650 and buy at 8480 or8450.

    July 23, 2015
  11. Ramesh V.K. said:

    Today Nifty PE Ratio has touched 24 well inside the bubble zone. Cautious buying and strict stoploss is a must. Happy Investing.

    July 23, 2015
  12. rajveer said:

    Thanks for the thorough analysis. Market behaving very similar to the bottoming process at 7940, this time topping near 8650 (0.618 retrace from 7940 to 9119). I am sure the smart money sold today. Maybe reliance earnings will be the downside trigger let us see.

    July 22, 2015
  13. Preet said:

    weekly chopad levels worked perfectly Nifty never spend time above trend deciding level of 8627 on 15 min chart and fallen to second support level of 8500.Now today nifty gave a close above 8627 So we can expect nifty to scale resistance level 8665 and 8716 on upside.

    July 22, 2015
  14. Karn said:

    Sirji ur levels ur analysis are great keep it up thanks alots for giving a way to trade in market

    July 22, 2015
  15. bantu said:

    Thanks sir

    July 22, 2015
  16. mamashri said:

    Thanks guruji

    July 22, 2015

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