Nifty close above the gann line,FII FnO data Analysis

By | October 19, 2015

FII

  • FII’s sold 25.2 K contract of Index Future worth 403 cores ,10.9 K Long contract were liquidated by FII’s and 14.2 K  short contracts  were added by FII’s. Net Open Interest increased  by 3.2  K contract, so today’s rise in market was used by FII’s to exit long and  enter fresh shorts in  Index futures To be Champion Trader Think Like them
  • Nifty finally closed above the gann line of resistance but struggling to cross the green arc at 8280 and above that the horizontal line at 8313/8321 range, The current rally from the low of 7539 is the biggest rally in percentage term as Nifty is up almost 9%  or 744 points from low. 8313 is important zone of resistance and bulls should use this to lighten up, Support at 8220/8204 range   .Bank Nifty retest breakout level,EOD Analysis

Nifty Gunner

  • Nifty October Future Open Interest Volume is at 1.99 core with liquidation of 3.9 Lakh with  decrease in CoC suggesting long position were closed today. Rollover cost @7940 for October series, Once NF closed above it 360 points rally done
  • Total Future & Option trading volume was   at 1.67  Lakh core with total contract traded at 3  lakh . PCR @1.08, bulls gets overconfident. Live SGX Nifty chart from 6:30-11:30 http://sgxrtchart.blogspot.in/
  • 8300  CE  OI at 57.8  lakh , wall of resistance @ 8300 .7700/8200 CE  liquidated 1.4  lakh in OI so bears used the rise to cover their position.  FII bought  23.7  K CE longs and 9.7 K CE were shorted  by them.Retail bought 1.2 K CE contracts and 30.3 K CE shorted were covered by them.
  • 8000 PE OI@ 57.3 lakhs  strong base @ 8000.  7900/8400 PE  added 9.8  lakh so bulls added position but  aggressively ,added 20 lakh in past 2 trading session. FII bought 13.4 K PE longs and 4.7 K PE were shorted by them .Retail bought 65.8 K PE contracts and 9.1 K PE were  shorted  by them.
  • FII’s bought 898 cores in Equity and DII’s sold 246 cores in cash segment.INR closed at 64.8.

Buy above 8294  Tgt 8309,8333 and 8359 (Nifty Spot Levels)

Sell below 8245 Tgt 8222,8204  and 8180 (Nifty Spot Levels)

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6 thoughts on “Nifty close above the gann line,FII FnO data Analysis

  1. RAJMOHAN

    THERE IS A SAYING IN ONE OF BRAMESHJI ARTICLE — TRADE WHAT YOU SEE NOT WHAT YOU THINK — BE READY WITH AMMUNITION TO HIT ON BOTH SIDES.

  2. Bramesh Post author

    Seems some error has been corrected . Thanks !!

  3. venkat

    FII’s sold 52.7 K contract of Index Future worth 831 cores ,27.5 K Long contract were liquidated by FII’s and 25.5 K short contracts were added by FII’s. Net Open Interest decreased by 2.2 K contract

    sir, it seems previous day data

  4. sree krishna

    I think nifty has seen the biggest suckers rally.. there will be a day this week where we will see 150 point down tick on closing basis ..watch out for icici bank and itc on sell side

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