Nifty holds 7850, EOD Analysis

By | May 10, 2016

FII

  • FII’s sold 6.4 K contract of Index Future worth 377 cores ,2.4 K Long contract were liquidated by FII’s and 3.9 K short contracts were added by FII’s. Net Open Interest increased  by 1.5 K contract, so rise in market was used by FII’s to exit long and  enter  shorts in  Index futures. Developing a Trading Process WHICH emotion is overpowering you the Most, To Understand the same I have put a Poll on Twitter (https://twitter.com/brahmesh), Please participate

Bank Nifty Supertrend

  • Nifty May Future Open Interest Volume is at 1.84 core with addition of 2.6 Lakh with decrease in cost of carry suggesting short  position were added today, NF  Rollover cost @7953, continue to trade below it.
  • 8000  CE  is having Highest OI  at 64.8 lakh, resistance at 8000 .7500/8000 CE  liquidated 5.1 lakh so bears ran for cover as Nifty closed above 7850 for second day .FII bought 3.4 K CE longs and 3 K CE were shorted by them .Retail bought 8 K CE contracts and 13 K CE were shorted  by them.
  • 7700 PE OI@53.5 lakhs having the highest OI strong support at 7700. 7200-7700 PE added 10 Lakh in OI so strong base near 7500-7600 zone .FII bought 13.5  K PE longs  and 8.4 K PE were shorted  by them .Retail bought 19.9 K PE contracts and 17 K PE were shorted  by them. Retailers adding Put we might break 7950 on upside.
  • FII’s bought 328 cores in Equity and DII’s bought 68 cores in cash segment.INR closed at 66.67

Buy above 7910 Tgt 7933,7970 and 8000  (Nifty Spot Levels)

Sell below 7850 Tgt 7820,7795 and 7777 (Nifty Spot Levels)

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2 thoughts on “Nifty holds 7850, EOD Analysis

  1. Bramesh Post author

    all 3 price/oi/coc to be seen

  2. Ram Nene

    “Nifty May Future Open Interest Volume is at 1.84 core with addition of 2.6 Lakh with decrease in cost of carry suggesting short position were added today ”

    Sirji nifty open interest is up with increase in nifty price, so doesn’t it mean long positions were added today ??

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