FII Derivative Stats for 16 May Trade in NF

 
1. FII  sold 3873  Contracts of NF worth 66 cores OI increased by 397.
2. As Nifty Futures was up  by 54 points and OI has increased  by 397 , which signify partial shorts have entered the system.

3. Nifty has closed below 5000 for 5th day in a row  and  below 4951 which was a psychological level 61.8% retracement  and every attempt to move above 4950 was getting sold into. Trading below 4951 is a victory for bears.

4.Nifty gave a relief rally today …

Below is my FII interpretation for FII datasheet for 15 May

 
1. FII  sold 14152  Contracts of NF worth 327 cores OI increased by 19634.
2. As Nifty Futures was down  by 43 points and OI has increased  by 19634 , which signify more shorts have entered the system.
3. Nifty has closed below 5000 for 4th day in a row  and  below 4951 which was a psychological level 61.8% retracement  and every attempt to move above 4950 was getting sold into. Trading below 5000 and daily adding shorts by FII gives a …

Larsen and Tubro

LT will be coming today with its results Stock is at its breakout or breakdown level.

Buy above 1144 Tgt 1161,1184 and 1209
Sell below 1119 Tgt 1100,1076 and 1060

Hindalco Industries

Hindalco Industries is near its short term bottom of 111.

Sell below 111 Tgt 109.7,106.7 and 105
 
Bombay Dyeing

Bombay Dyeing is near its important resistance of  439. Close below this will lead it to move to 200 DMA.

Sell below 439 Tgt 430,421 and 411
Buy above 448 Tgt 455,464 and 472
 
 

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Below is my FII interpretation for FII datasheet for 14 May

1. FII  sold 16809  Contracts of NF worth 379 cores OI increased by 38191.
2. As Nifty Futures was down  by 35 points and OI has increased  by 38191 , which signify more shorts have entered the system.
3. Nifty has closed below 5000 for 3 day in a row  and  below 4951 which was a psychological level 61.8% retracement  and every attempt to move above 5000 was getting sold into. Trading below 5000 and daily adding shorts by FII gives a …

As discussed in last week analysis Nifty Technical Structure look weak and Nifty corrected and closed below 200 DMA on a Weekly Closing basis. GAAR has been delayed by 1 Year and we got a news based rally which got sold into showing the supremacy of Technical Analysis.Last Week we shorted below trend deciding level of 5070 and Nifty stopped its downmove on our last support level at 4905.Click Here to Read the Previous Week Analysis
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