FII FnO Data Analysis for 31 Aug

• FII’s bought 116 K contract of Index Future worth 2512 cores ,104 K Long contract were added  by FII’s and 11.5 K  short contracts  were liquidated by FII’s. Net Open Interest increased  by 93.2  K contract, so today’s rise in market was used by FII’s to enter long and square off  shorts in index futures  .Japan’s Legendary “Twitter Trader” Reveals The Secret Of His Multi-Million Dollar Success

• Nifty saw correction of 834 points in 4 trading sessions, saw a pullback of 424 points in 4 trading session and retraced 50% of the fall.  Going forward Nifty has to cross important gann resistance line of 1*2 as shown in below chart for bigger retracement.7948-7961 is important zone of support below that we can see market moving to sub 7800 zone. We were able to capture today’s low as per Demand and Supply analysis, Demand zone of 7664 and Nifty made low of 7667 and bounced back
  

• Nifty September Future Open Interest Volume is at 2.19  core with addition of 9.4 Lakh with fall in OI suggesting short position have been added. Rollover stand at 65 % and avg cost of rollover @ 7998.

• Total Future & Option trading volume was   at 1.9  Lakh core with total contract traded at 6.7  lakh . PCR @0.93.

• 8200  CE  OI at27.7  lakh , wall of resistance @ 8200 .7900/8200 CE added 14.6  lakh in OI so bears added minor position today in 8100/8200  CE.  FII bought 88.9 K CE longs and 93.9 K CE were shorted  by them.Retail bought 19.7 K CE contracts and 1115 K CE were shorted  by them.
  

• 7800 PE OI@ 43  lakhs  strong base @ 7800.  7900/8100 PE  added 12  lakh so major addition was seen in 8000/7900 PE by bulls . FII bought 182 K PE longs and 27.8 K PE were shorted by them.Retail bought 61.9 K PE contracts and 115 K PE contracts were shorted  by them.
  

• FII’s bought 56 cores in Equity and DII’s bought 847 K cores in cash segment.INR closed at 66.16 trading at 2 year low.1997 Asian Currency Crisis happening again
  

• Nifty Futures Trend Deciding level is 8055(For Intraday Traders). NF Trend Changer Level (Positional Traders) 8004 and BNF Trend Deciding Level 17430 (For Intraday Traders) BNF Trend Changer Level (Positional Traders) 17350 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .

Buy above 8020 Tgt 8050,8090 and 8120 (Nifty Spot Levels)

Sell below 7960 Tgt 7945,7920 and 7888 (Nifty Spot Levels)

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