Nifty corrects 427 points,FII FnO Data Analysis


  • Nifty  has corrected 427 points in 4 trading session, formation of lower lows and lower highs, and very near to last swing low of 7997. Nifty has been holding the gann 1×1 line also we are at crossover of grey and red line which generally give fast moves, so if 7997 is broken we can see a fast downmove till 7910 odd levels holding the same relief rally till 8200 can be seen in next few days.

Nifty Gunner

NIFTY - Pyrapoint

  • Nifty June Future Open Interest Volume is at 1.62 core with liquidation of 8.8 Lakh, with decrease in CoC suggesting longs have been closed .
  • Total Future & Option trading volume was   at 1.63 core with total contract traded at 3.7 lakh. PCR @0.79 reaching oversold zone.
  • 8500  CE  OI at 49.7  lakh , wall of resistance @ 8500 .8100/8400 CE added 21.9 lakh  ,so  aggressive addition by bears and holding 77 lakh in open position. FII bought 5.6 K  CE longs and 10 K CE  were shorted   by them.Retail traders bought 1.2 lakh CE contracts.So retailers have been buying the from 02 June the correction started.
  • 8000 PE OI@ 47.3 lakhs so strong base @ 8000.  8100/8500 PE liquidated 8.6 lakh so bulls  finally got the heat  , Holding just 16 lakh open position. FII bought 23.8 K PE longs and 1.6 K shorted  PE were covered by them.
  • FII’s sold 749 cores   in Equity and DII’s bought 529 cores in cash segment.INR closed at 64.08.


Buy above 8070 Tgt 8101,8131 and 8169 (Nifty Spot Levels)

Sell below 8030 Tgt 8008,7968 and 7905(Nifty Spot Levels)


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6 thoughts on “Nifty corrects 427 points,FII FnO Data Analysis”

  1. hello brmesh sir what should be stop loss put for intraday position based on your recommendation ??

  2. Brmesh ji due to fii datta loking no bounc emedeat ly fii will trep to investor aftr brecking 7997 then all will b in sorts then he bounc up to 8200 8300 then revrs mkt up tonifty 7800 in my view

  3. Yes getting near that 8000 level, break and close below that level decisively and we have 7750 as probably a good bounce point. Bank nifty and the Rupee are not looking good off late.

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