Nifty forms doji,FII FnO Data Analysis


  • FII’s bought 10 K contract of Index Future worth 266 cores ,8.8 K Long contract were added by FII’s and 1.2 K  short contracts  were squared off by FII’s. Net Open Interest increased  by 7.5 K contract, so today’s market was used by FII’s to exit shorts in index futures and enter longs. Exercise to Relive Stress for traders
  • Nifty continue to form higher high and higher low formation , still unable to cross  crucial supply area as discussed in Weekly analysis. Today close was  and our supply area was at 8588.65. Crossing/closing above the same we can see move to 8654 and unable to do so can see nifty again seeing pullback towards 8450/8375 odd levels.Gann Box with hourly charts are also shown with support and resistance.

Supply Demand

Hourly Gunner


  • Nifty August Future Open Interest Volume is at 1.68 core with addition of 2.2 Lakh, with decrease in CoC suggesting  long positions got added today.NF Rollover price came at 8503.
  • Total Future & Option trading volume was   at 1.56 core with total contract traded at 3  lakh . PCR @1.02
  • 8800  CE  OI at 48 .6 lakh , wall of resistance @ 8800 .8400/8800 CE added 3.8 lakh in OI so bears continue in smaller position to add  need to see follow up move. FII bought 32.9 K CE longs and 10.9 K CE were shorted by them.Retail bought 3.2 K CE contracts and 27.3 K CE were shorted by them.
  • 8200 PE OI@ 57.7 lakhs  strong base @ 8200.  8300/8600 PE  added 12.6  lakh so major addition seen in  8400/8600 PE and 74  lakh from start of series . FII bought 18 K PE longs and 6.1 K PE were shorted by them.Retail bought 70.2 K PE contracts and 52.7 K PE contracts were shorted by them.
  • FII’s bought 109 cores in Equity and DII’s sold 111 cores in cash segment.INR closed at 63.75


Buy above 8582 Tgt 8612,8636 and 8654 (Nifty Spot Levels)

Sell below 8555 Tgt 8530,8503 and 8480 (Nifty Spot Levels)


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12 thoughts on “Nifty forms doji,FII FnO Data Analysis”

  1. Brahmesh – Excellent analysis.. NF tried exactly 8555.4 today and moved up 🙂 … Is it going to be a big fall next week..

  2. Long positions getting built up by FIIs everyday at this resistance point. Soon Nifty will breakout on the upper side and run away

  3. Technically at resistance, but long positions building up each day. Nifty may breakout on the upper side and run away.

  4. Wen Volatility index (vi) spikes in intraday has to watch the risk reward ratio as entering at 8582 & first target at 8612 only 30 points reward in a big volatile way the target may achive . since after a gap down till recent experience shows the intraday gap may have been covered the same day for a higher high closing. So tomorrow same cycle repeats or a dramatic changes happens for closing in a lower low we have to wait & see till the fag end of closing.

  5. thanks for the great analysis as usual, looks like a major sell off is coming all the way back down to 8000 and below in the upcoming days, valuations are stretched, froth in the midcaps and technically at resistance.

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