Nifty keep bulls and bears on tenterhook,FII Data Analysis


  • FII’s sold 18.4 K contract of Index Future worth 522 cores ,4.9 K Long contract were squared off by FII’s and 13.5 K  short contracts  were added  by FII’s. Net Open Interest increased  by 8.5 K contract, so today’s rise in market was used by FII’s to exit long and enter  shorts in index futures .Want to be Profitable Trader,Develop the following Qualities
  • Nifty has formed multiple tops near 8530/8525 in past 4 trading sessions and traded in 111 points range in past 3 sessions. These range bound market takes maximum profit out of trader who are unable to understand the changing market conditions,best strategy is to wait for breakout of this 111 points range for the target of 8650 on upside and 8310 on downside. As a trader you need to be very adaptive to market conditions and if you are unable to understand just sit out till clarity emerges.

nifty hourly

  • Nifty August Future Open Interest Volume is at 1.42  core with liquidation of 2.4 Lakh, with increase in CoC suggesting  short  positions got closed today.NF Rollover price came at 8503 and NF close above it.
  • Total Future & Option trading volume was   at 2.58 core with total contract traded at 3.7 lakh . PCR @0.90.
  • 8600  CE  OI at 50 lakh , wall of resistance @ 8600 .8400/8800 CE liquidated 3.9 lakh in OI so bears covered marginally at 8400 CE.  FII bought 2 K CE longs and 4.2 K shorted  CE were covered by them.Retail sold 16.2 K CE contracts and 38.5 K CE were shorted  by them.
  • 8200 PE OI@ 62.6  lakhs  strong base @ 8200.  8300/8600 PE  added 20  lakh so major addition was seen in  8400/8500 PE still bulls are holding  and 90  lakh from start of series . FII bought 25.4 K PE longs and 8.9 K PE were shorted by them.Retail bought 136 K PE contracts and 84.5 K PE contracts were shorted by them.So retailers buying PE and shorting CE suggesting their bias is on downside.

Buy above 8480 Tgt 8500,8530 and 8550 (Nifty Spot Levels)

Sell below 8425 Tgt 8400,8375 and 8350 (Nifty Spot Levels)

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  1. Vkm said:

    The bull and the bear are two sides of a same coin. There are no separate bull or a separate bear. Large traders shift their bets as per the market condition.

    August 20, 2015
  2. Bramesh said:

    they are correct

    August 20, 2015

    Sir, Please check with Nifty Fut and BNF Intraday Trend Level and positional Trend level. I think 18th data repeated.

    August 20, 2015
  4. vikaskvikas said:

    thanks sir for the post with nifty hourly charts with clear explanation

    August 20, 2015
  5. Bramesh said:

    8505 is close so around it

    August 20, 2015
  6. Bramesh said:

    yes sir Nifty likely to open gap down

    August 20, 2015
  7. sunil said:

    Tomorr range 8440 to 85300

    August 20, 2015
  8. FEROZ said:

    Nifty Futures closed at 8508 which is above 8503 Nifty Future Rollover Price.

    August 19, 2015
  9. jamwalr said:

    Sir Nifty Buy/Sell levels are same as yesterdays?

    August 19, 2015
  10. Bramesh said:

    I have not covered RENKO.

    August 19, 2015
  11. prakash tanak said:

    Sir, Sharekhan has now added RENKO in their Chart Type. ……… Have you written any article on this type of chart ? Can I retrieve it from your archives?

    August 19, 2015
  12. sujeet said:

    As per Elliot wave also it should go down to 8310 also 8525 looks a big resistance now.

    August 19, 2015

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