FII FnO Data Analysis for 11 Nov

• FII’s sold 2.2 K contract of Index Future worth 88 cores, 4.2 K Long contract were added by FII’s and 6.4 K short contracts  were added  by FII’s. Net Open Interest increased  by 10.7 K contract , so FII have slowly started shorts in Index Futures.

• Nifty has formed series of DOJI, suggesting consolidation after rise of 660 points, As per past rallies in this year maximum range of a rally has been 650 points and nifty has completed and some consolidating with negative bias can be seen in coming session. 8350/8364 is important range unable to break and closing below 8300 can see some pullback to 8200 odd levels. Expect a big range day in next 2 days as per time analysis.
  

• Nifty Future November Open Interest Volume is at 2.31 core with addition of .5  lakh in OI suggesting long addition.
  

• Total Future & Option trading volume was   at 1.59  lakh core with total contract traded at 2.9 lakh. PCR @1.02.

• 8500  CE  OI at 50.1 lakh  suggesting wall of resistance , 8400 CE  saw no major liquidation in OI suggesting 8400 will be difficult to cross in short term FII’s bought 7.7 K CE longs and 13.1 K  CE were shorted   by  them.
  

• 8000 PE OI@ 57.3 lakhs so strong base @ 8000 . 8200 PE added 1.8 lakh in OI so 8200 needs to be watched as it can revisited in next few session, FII’s bought 7 K   contract  PE longs and 25.6 K PE  were  shorted  by  them.
  

• FII’s bought 355 cores in Equity and DII sold 314 cores in cash segment.INR closed at 61.49.
  

• Nifty Futures Trend Deciding level is 8372 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8330  and BNF Trend Deciding Level 17378 (For Intraday Traders) BNF Trend Changer Level (Positional Traders) 17200.How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . 
  

Buy above 8365 Tgt 8384,8403 and 8425(Nifty Spot Levels)

Sell below 8340 Tgt 8320,8300 and 8277 (Nifty Spot Levels)

 

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