Nifty consolidates, FII FnO Data Analysis

By | June 4, 2014 7:52 pm


  • FII’s sold 17.3 K contract of Index Futures worth 645 cores (7.8 K  longs were squared  off and  9.5 K shorts were added  in Index Future) with net OI increasing by 1.7  K contracts.FII’s added  shorts today aggressively .
  • As discussed in Weekly Analysis Nifty as per Gann grid is having strong support at red line marked by Green arrow and strong resistance in red line as shown with red arrow in below chart. Nifty took exact support at 7239 green line and is moving near the green line in range of 7430-7450.  On Hourly charts Nifty is near the downward trendline resistance, also as per EW there are 2 possibility as shown below either a move till 7504 or back to 7300 .
Nifty Hourly EW
nifty hourly
  • Nifty Future May Open Interest Volume is at 1.51  cores with liquidation of of 7.3  lakhs in Open Interest, suggesting long liquidation.
  • Total Future & Option trading volume at 1.14  lakh core with total contract traded at 1.4 lakh.PCR @0.78
  • 7500 Nifty CE  is having highest OI at 58.6 lakhs remains the strong resistance of the market, followed by 7400 CE.IV’s of Calls are very low suggesting bullish bias in market participants.  FII’s bought 9  K CE longs and 3.2 K CE  were shorted by them suggesting range bound move in next few session can come.
  • 7200 PE  OI at 37.7  lakh  remains a strong support from start of series, 7300 PE addec 1 lakhs suggesting support at 7300 for next few days, .FII’s bought 7.6 K PE longs and 11.4 K PE were shorted  by them.
  • FIIs bought 192 cores in Equity and DII sold 191 cores in cash segment.INR closed above 59.33.

Buy above 7408 Tgt 7426,7450 and 7568(Nifty Spot Levels)

Sell below 7390 Tgt 7367, 7342 and 7311 (Nifty Spot Levels)

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