FII Derivatives Analysis for 23 May Trade

It all Boils down to Indian Rupee,The way its hitting new high everyday Indian Economy is facing difficult days as Balance of Payment and Crude Oil Imports are adding as double whammy.INR hits new Life time low of 55.47,going gets tougher for Pranad Da.

1. FII  bought 23630  Contracts of Index Futures worth 572  cores OI decreased by 5652.

2. As Nifty Futures was down  by 52  points with  OI decreased  by 5652 , FII have booked profit in shorts.No Fresh shorts were intitated.

3. 4960 was the laxman rekha for bulls and Nifty made a high of 4957 and retreated back 100 points.Now till we are below 4960 bears have upperhand.Now on Facebook page many traders were asking can we go long I would request everyone to always go with trend keeping your emotions aside. When 4960 was unable to cross it was a good indication to intitate shorts and sit on them.

4.Nifty closed below 4900 even though we opened gap up with NF trading in discount of almost 15-20 points which signify bearishness all around,RBI has announced OMO of 12K cores which if stems Rupee tomorrow we can see a rally till 4900 again keep a close eye on 4960 level.

5. Nifty  May  OI has increased by 5  Lakhs .Total OI stands at 2.09 cores.Shorts were entered by HNI and Retail traders

6. Total F&O turnover was 1.23 lakh  Cores  with total contract traded at 3.16 lakh.

7. 5000 CE saw an addition of   of 11 lakhs in OI,total OI now stands at 71.3  Lakhs making it the higher end of May Series. Now 5000 looks a strong resistance for May series

8. On Put side 4700 PE is having highest OI of 76 lakhs .4700 a strong base. So we can see a move of 4700-5000 for next few days.

9.FII  sold  283 cores and DII bought 207 cores in cash segment.

10. Nifty Futures Trend Deciding level is 4614.03, Trend Changer at 5015 NF (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).

Buy above 4888Tgt 4911,4938, 4960 and 4976

Sell below 4850 Tgt 4822,4788 and 4767 (Nifty Spot Levels)

Disclaimer: These are my personal views and trade taken on these observation should be traded with strict Sl

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4 thoughts on “FII Derivatives Analysis for 23 May Trade”

  1. Dear Sir,

    OI is very complicated topic and cannot be explained in a post. You can join my weekend trading course to have an understanding of the same or you can google the same you will get the required info


  2. Neat analysis. Boss, may i know how you calculate trend decide level and Trend changer level ??? Please explain.


  3. What does change of open intrest positive or negitive signifies.How to identify that short or long trade is being initiated.

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