Nifty corrects 548 points from 1 Jan,FII Data Analysis


  • FII’s bought 3.3 K contract of Index Future worth 158 cores ,7 K Long contract were added by FII’s and 3.6 K short contracts were added by FII’s. Net Open Interest increased  by 10.6 K contract, so fall in market was used by FII’s to enter long and  enter  shorts in  Index futures.How making a trading plan improves your trading
  • Nifty Shark pattern finally got invalidated as Nifty closed below 7503.  Close below 7503 increases probability of Nifty going towards 7400/7118.Bullish only on close above 7610.As per below chart nifty is trading near gann arc so price action in range of 7380-7400 is very important, holding the same we can see much expected short covering else we are going down to 7250 odd levels to complete the ABCD pattern. Bank Nifty corrects 1913 points from 1 Jan,EOD Analysis

Daily Gunner

  • Nifty January  Future Open Interest Volume is at 2.26 core with addition of 2.6 Lakh with increase in cost of carry suggesting long position were added today . Nifty  rollover cost 7930 close below it saw sharp decline
  • 7700  CE  OI at 67.5  lakh , wall of resistance @ 7700 .400/8000 CE added 19.2 lakh in OI as bears added position in  7600 and 7700 CE .FII sold 804 CE longs and 28.5 K CE were shorted by them .Retail bought 59.4 K CE contracts and 2.6 K shorted  CE were covered by them.Retailers have been buying CE and are losing heavily.
  • 7300 PE OI@64.9 lakhs  strong base @ 7300. 7300/8000 PE  liquidated 11 lakh so bulls again got knock out punch from bears as 7500 was broken.FII bought 18.9 K PE longs and 7.7 K PE were shorted by them .Retail sold 18.5 K PE contracts and 6.1 K  shorted  PE were covered by them.
  • FII’s sold 1123 cores in Equity and DII’s bought 1632 cores in cash segment.INR closed at 67.20

Buy above 7450 Tgt 7477,7500 and 7527 (Nifty Spot Levels)

Sell below 7400 Tgt 7388,7350 and 7300 (Nifty Spot Levels)

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9 thoughts on “Nifty corrects 548 points from 1 Jan,FII Data Analysis”

  1. Mr Ramesh,Your NIFTY Trend deciding Levels for Friday trade were right on target and awesome really. Hats off to you.. Your posts are really informative and I get good education value by reading your posts every night. Thank you so much for taking pains to post such nice studies on varied subjects.


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