Nifty on verge of breaking supply zone,FII FnO Data Analysis


  • FII’s bought 53 K contract of Index Future worth 1088 cores ,41.7 K Long contract were added  by FII’s and 11.3 K  short contracts  were squared off  by FII’s. Net Open Interest increased  by 30.4 K contract, so today’s rise was used by FII’s to enter longs in index futures Greece: How did it get into this mess?
  • As discussed yesterday  Nifty had a day of consolidation and setting up base for another big move which should come in next 1-2 session Pyrapoint suggests big move is round the corner. Nifty rallied as expected and closed well above 8510. Nifty closed above 1*2 gann line and closing above it and pyrapoint resistance of 8487  and Bulls will have upper hand  once the supply zone of 8561 is crossed for rally till 8636/8670 till support of 8490/8470 protected.

Nifty Gunner

Supply Demand

NIFTY - Pyrapoint

  • Nifty July Future Open Interest Volume is at 2.04 core with addition of 6.2 Lakh, with increase in CoC suggesting  longs have entered the system. NF Rollover range @8357 has helped bulls.
  • Total Future & Option trading volume was   at 1.90 core with total contract traded at 3.8  lakh. PCR @1.13
  • 8600  CE  OI at 42.2 lakh , wall of resistance @ 8600 .8000/8500 CE liquidated 15.4  lakh so bears feel the pain as VIX reduced  ran for cover   holding 18 lakhs overall. FII bought 20.3 K CE longs and 12.2 K shorted CE were covered by them.Retail sold 92.3 K CE contracts.
  • 8400 PE OI@ 60.6  lakhs so strong base @ 8400.  8300/8500 PE added 30 lakh  still holding 139  lakh suggesting bulls have made aggressive positions at lower levels . FII bought 14.7 K PE longs and 8 K PE were shorted by them.Retail bought 150 K PE contracts.So again retailers buying PE and market is going up.
  • FII’s bought 407 cores in Equity and DII’s sold 50 cores in cash segment.INR closed at 63.41


Buy above 8531 Tgt 8549,8574 and 8617 (Nifty Spot Levels)

Sell below 8505 Tgt 8481,8462 and 8440 (Nifty Spot Levels)


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5 thoughts on “Nifty on verge of breaking supply zone,FII FnO Data Analysis”

  1. reading your analysis for a long time. thanks a lot for doing a great job and helping a lot of individual investors/traders. one thing i would request you to clarify how it is determined that a particular trade in call or put is being executed by a retail trader.

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