Nifty takes support at gunner arc,FII FnO Data Analysis


  • FII’s sold 22.2 K contract of Index Future worth 408 cores,7.3 K Long contract were squared off   by  FII’s and 14.9 K  short contracts  were added by FII’s. Net Open Interest increased  by 7.6 K contract.Motivational Video for Traders :Bamboo Lesson
  •  Nifty again formed a lower low @8185 and failed to form higher high. Nifty has corrected 660 points in this correction and took support @  green arc of Gunner and rallied 100 points intraday. Are we out of woods not really till we close above 225 degree line of pyrapoint which comes near 8275. Unable to cross 8308 can lead to make another low near 8150/8165.


Nifty Gunner

NIFTY - Pyrapoint


  • Nifty April Future Open Interest Volume is at 1.41 core with liquidation of 34 lakhs with  cost of carry going negative  suggesting  long position got closed.Rollover has started and we are seeing 37% rollover in market till date.
  • Total Future & Option trading volume was   at 4.36 core with total contract traded at 6.48 lakh. PCR @0.87
  • 8500  CE  OI at 46.9  lakh , wall of resistance @ 8500 .8200/8400 CE saw liquidation of 16.4  lakhs ,so  bears  finally booked some profit today , so bears are still holding on to majority of positions. FII sold 11.5 K  CE longs and 6.5 K shorted  CE  were covered by them.
  • 8200 PE OI@ 46.1  lakhs so strong base @ 8200.  8400/8600 PE liquidated 25.6   lakh so bulls are stuck with panic still no addition seen in PE .  FII bought 32 K PE longs  and 39.4 K PE  were shorted  by them.


  • FII’s sold 1535 cores  in Equity and DII’s bought 1537  cores in cash segment.INR closed at 63.48.


Buy above 8308 Tgt 8334,8360 and 8385 (Nifty Spot Levels)

Sell below 8250 Tgt 8230,8211 and 8185(Nifty Spot Levels)

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