Nifty forms gravestone doji,FII FnO Data Analysis


  • FII’s sold 68  K contract of Index Future worth 872 cores ,45 K Long contract were squared off by FII’s and 22.3 K  short contracts  were added by FII’s. Net Open Interest decreased  by 23.4  K contract, so today’s fall in market was used by FII’s to exit long and   enter fresh shorts in  Index futures Picking Tops and Bottoms: Is It for You?
  • Nifty formed gravestone doji pattern which might act as reversal Patten if we get follow move with break of 8088 and closing below it, Break of 8088 can see nifty moving towards 8010/7920 odd levels and break of 8150 can see another ride towards 100 DMA.Bank Nifty trades in small range, EOD Analysis for 15 Oct

Nifty Gunner

  • Nifty October Future Open Interest Volume is at 1.97 core with liquidation of 13 Lakh with  increase in CoC suggesting short position were closed today. Rollover cost @7940 for October series, Once NF closed above it 300 points rally done
  • Total Future & Option trading volume was   at 1.42 Lakh core with total contract traded at 3.3  lakh . PCR @1.03 Live SGX Nifty chart from 6:30-11:30
  • 8200  CE  OI at 52.3 lakh , wall of resistance @ 8200 .7700/8200 CE added 0.5 lakh in OI so bears used the fall to enter position in small manner.  FII bought  16.1 K CE longs and 6.2 K CE were shorted  by them.Retail bought 33.8 K CE contracts and 9.9 K CE were shorted by them.
  • 8000 PE OI@ 47.6  lakhs  strong base @ 8000.  7900/8400 PE  liquidated 8.2  lakh so bulls finally liquidated position, and liquidated 7.5 lakh  in 8100 PE  still holding 46 lakh in OI. FII sold 54.7 K PE longs and 359 PE were shorted by them .Retail bought 39.2 K PE contracts and 4.2 K PE were shorted by them. Retailers bias is turning bullish and FII’s bias is turning from neutral to bearish.
  • FII’s bought 121 cores in Equity and DII’s sold 207 cores in cash segment.INR closed at 65.03.


Buy above 8115  Tgt 8132,8157 and 8175 (Nifty Spot Levels)

Sell below 8085 Tgt 8060,8040 and 8000 (Nifty Spot Levels)

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

  1. Thanks !!

    Its a customized name i have give to my trading system.

    Depends on your risk profile. I cover the same in my trading course.


  2. Hi Bramesh, I discovered your blog recently and I eagerly look forward to your daily newsletters. You’ve helped my learning process tremendously. I can’t thank you enough for your insights and analysis : )

    I have a couple of doubts: 1. What are chopad levels? I can’t seem to find the definition for it anywhere. 2. If I were to follow the chopad levels with futures and set trailing stop-loss levels, what should the stop-loss range be from the given levels.

    I’d be mighty grateful if you’d indulge me with answers to my queries!

  3. Dear Gagan,

    FII have liquidated highest position in the Oct series and also added short. Do remember FII’s always play hedged game, so today they took short in Index Futures and hedged them with Longs in CE. As VIX is coming down its prudent to book long in PE. Always do not look from day to day perpective if you look at whole series in perspective it gives a better picture.


  4. 22.3 K short contracts were liquidated by FII’s 331542-13.10.15 FII 353862 14/10/15 shorts are initiated by fii

  5. Hi Bramesh,

    There is disconnect between “FII sold 54.7 K PE longs and 359 PE were shorted by them” and “FII’s bias is turning from neutral to bearish.”

    Why would somebody exit PE Long unless he (FII) believes it has reached the target low for the near term (1-2 days)? That would necessarily mean that they are not bearish.

    Further, the same is corroborated by the fact that “FII bought 16.1 K CE longs and 6.2 K CE were shorted by them.” That would mean that they expect Nifty to move up a bit in immediate future say tomorrow for premiums to rise. At the same time, since the volume of these trades are quite low, the same may not pan out in event of any negative news in the morning.

    I believe the first top for Nifty is around 8200 and final top of 8300 for this expiry based on huge CE options data (although mostly built by retailers and not FIIs)

    Please correct if I am wrong. Thanks

  6. Testing time for traders..not sure to go long or short..but seems explosive move coming in a day or two after consolidation.

  7. Hi Bramesh Sir,
    Ambujacem formed three continuous doji’s last three days. Also deliver % in equity is more than 75% for last three days. What does it mean? Is it Bullish or bearish pattern?

  8. “today’s fall in market was used by FII’s to exit long and enter fresh shorts in Index futures” — I think they still not exited all longs are they?

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