Has Nifty forms short term bottom, FII FnO Analysis


  • FII’s sold 25.7 K contract of Index Future worth 1485 cores ,5.3 K Long contract were liquidated by FII’s and 20.4 K  short contracts  were added by FII’s. Net Open Interest increased  by 15 K contract, so today’s fall/rise  in market was used by FII’s to exit both long and add shorts in  Index futures  Case Study: How Emotion affect Trading
  • As discussed in  Weekly analysis , 7783 as per SHARK harmonic pattern should be probable target of downmove, 7767 was also the demand zone, 7771 was the low made and nifty bounced back sharply. Now close above 7930 only will give power to bulls  for target of 7995/8116,else bear will dominate again.  Bank Nifty bounces from Harmonic Zone,EOD Analysis

Nifty Gunner

Supply Demand


  • Nifty November Future Open Interest Volume is at 1.79 core with liquidation of 7.3 Lakh with increase in CoC suggesting short position were closed today.NF closed below the  Rollover cost @8294
  • Total Future & Option trading volume was   at 2.84  Lakh core with total contract traded at 2.2 lakh so increase in lot size showing effect on volumes, PCR @0.74. Live SGX Nifty chart from 6:30-11:30 http://sgxrtchart.blogspot.in/
  • 8200  CE  OI at 62.2 lakh , wall of resistance @ 8200 .7900/8200 CE  added 27.2 lakh in OI so bears adding aggressive position at higher levels.FII bought 0.08 K CE longs and 35.2 K CE were shorted by them.Retail bought 34.7 K CE contracts and 20.3 K shorted CE covered were by them.
  • 7800 PE OI@ 40.8 lakhs  strong base @ 7800. 7500/7900 PE  added 13.4 lakh so bulls are also building up position as nifty bounced from lower level almost 130 lakhs added in 7 days .FII bought 4.8 K PE longs and 4.9 K PE were shorted by them .Retail sold 10.3 K PE contracts and 18.8 K  shorted  PE were covered by them.FII going with bearish bias from start of series and effect is showing with rise we are seeing equal selling .
  • FII’s sold 816 cores in Equity and DII’s bought 621  cores in cash segment.INR closed at 66.44.

Buy above 7940 Tgt 7975,8000 and 8040 (Nifty Spot Levels)

Sell below 7900 Tgt 7875,7850 and 7815 (Nifty Spot Levels)

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  1. viswa said:

    Which side should we take short or long, when nifty comes to Intraday Trend deciding level ?If a position is taken either on the sell or buy side, what should be the SL?Because your write up on how to trade changer level is only for positional trade and not intraday trade.So please guide me.

    November 12, 2015
  2. deepak said:

    Wish you a very happy and prosperous Dipavali , thanks for your continuous guidance…Deepak

    November 10, 2015
  3. RAJMOHAN said:


    November 10, 2015

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