Nifty forms Doji closes above 8500, FII FnO Data Analysis

  • FII’s bought 40.3 K contract of Index Future ,51.5 K Long contract were added by FII’s and 11.1 K  short contracts  were added  by FII’s. Net Open Interest increased  by 62.7 K contract, so today’s fall was used by FII’s to enter longs in index futures Apply Affirmation Technique to Improve trading
  • Nifty formed DOJI candle today, consolidated its gains of yesterday and closed above the breakout level of 8500. Will it be a failed or genuine breakout will be know after tomorrows price action. I am having some problem with my software so will not be able to update chart.Nifty needs to cross and sustain above the 61.8% of Fibonacci Fans as discussed in yesterday’s analysis for uptrend to continue till 8670.
  • Nifty July Future Open Interest Volume is at 1.85 core with addition of 8.5 Lakh, with increase in CoC suggesting longs  have entered system today. 
  • Total Future & Option trading volume was   at 1.83 core with total contract traded at 4.2 lakh. PCR @1.15
  • 8500  CE  OI at 41.9 lakh , wall of resistance @ 8500 .8000/8500 CE liquidated 5.6  lakh so bears did  panicked and  13.5 lakhs overall. FII bought 19.3 K  CE longs and 10.8 K CE  were shorted by them.Retail bought 25.6 K CE contracts.
  • 8000 PE OI@ 52.7 lakhs so strong base @ 8000.  8100/8500 PE added 0.86  lakh so bulls did not add aggressively at higher levels and still need more OI for cross of 8600 . FII bought 103 K PE longs and 66.5 K PE were shorted by them.
  • FII’s bought 23.54 cores in Equity and DII’s sold 94.71 cores in cash segment.INR closed at 63.46


Buy above 8519 Tgt 8542,8570 and 8596 (Nifty Spot Levels)

Sell below 8479 Tgt 8450,8427 and 8386 (Nifty Spot Levels)


Click Here to Like Facebook Page get Real time updates

7 thoughts on “Nifty forms Doji closes above 8500, FII FnO Data Analysis”

  1. Use time analysis for trade confirmation not for trade excecution.

    trading is done only on levels.


  2. Hi Bramesh… Wasn’t feedback, was just asking for your thoughts (as it says in my comments), I specifically asked because I’ve been a curious reader of your weekly analysis which mentions time cycles and you’ve been almost 100% accurate from a “Monday to Friday” timecycle perspective, so in trying to understand patterns, I arrived at a bullish to neutral move for this week (in comments above), and curiously this week (Monday to Friday overall move), has been bullish to neutral (up, wiped gains, marginally up to end overall neutral).. so once again am going to try to understand this pattern for next week and say its going to be bullish to bearish (up, sideways, but closing bearish for the week from previous weeks close), does this kind of pattern make sense? Your thoughts please (rather, how do you calculate timecycles?, I use a 9 x 3 way pattern, for bullish-bearish-neutral with parameters repeating themselves with the odd deviation), from a positional perspective, even 60% accuracy gives sufficient scope for good trade possibilities. No?

  3. Dear Mahesh

    Thanks for feedback, Last week a gap down a fall of 200 points is bearish as per our analysis. I think you have some different expectation which you need to manage yourself.

    THis week also we had moved from low of 8386 to 8561 a moved of 175 points in last 2 trading sessions.

    When we say Volatile bullish/bearish a traders needs to be prepared for volatility and keep booking profit.

    I think i need to stop giving these time cycles from next week onwards as its creating confusion in readers mind.


  4. Hi Bramesh,

    perhaps the time cycle requires a revisit, last week neutral to bearish was neutral to bullish barring mondays gap down and pull back, this weeks neutral to bullish has so far led to pull back from crucial fib levels. Therefore Looks like this week will be a bullish to neutral timecycle (todays carnage not withstanding) as we approach the results season. your thoughts? (Greece/China effect was bound to be used as an excuse for profit booking at some stage after long upmove, PE has gone up without results to back it).

  5. 8500 CE OI at 41.9 lakh , wall of resistance @ 8500 .8000/8500 CE liquidated 5.6 lakh so bears did panicked and 13.5 lakhs overall. FII bought 19.3 K CE longs and 10.8 K CE were shorted by them.Retail bought 25.6 K CE contracts.

    How to infer from this that 8500 is a good support

Leave a Reply