FII Derivative Data Analysis for 21 August Trade in Nifty Future

CAG Report came market fell from high after making top of 5399.95, interesting thing to note is How emotions and sentiments are used to play the short term phenomenon is market. Everyone knew the Coalgate scam and the extent of damage to exchequer but as soon as report was tabled in the parliament Nifty reacted negatively and power stocks were the worst hit but the fall was so steep most of traders were left out. Always remember charts discount everything, Try to trade on technical system instead of doing news based trading. I have clearly mentioned suppport for Nifty at 5340 on Thursday evening and Nifty made a low of 5342 on Friday before giving a bounce back, so this is how trading using a system keeps your emotions in control and mind at peace.

 

1. FII  bought 12876  Contracts of NF ,worth 279 cores  with net OI increasing by 8208 contracts.

2. As Nifty Future was up by 0.35  points and OI has increased by 8208 , FII have used the dip to buy into Index futures.

3. NS closed at 5366 after making a high of 5400, Bulls were unable to close nifty above 5380 resistance zone which shows the supply pressure coming at higher levels.

4.   Resistance for Nifty has come up to 5390 and 5400 (as  its swing high in Oct 2011) which needs to be watched closely ,Support now exists at 5328 and 5309 .Trend is still buy on Dips till 5244 is not broken on closing basis.

5. Nifty August OI is at 2.56 cores with an unwinding  of 2.3 Lakh in OI, longs were liquidated by Retailers and HNI.As OI figure saw an unwinding of 1.19 lakhs i expect some good move tomorrow this is what we discussed on Thursday and on Friday we had a range of 72 points 🙂

6. Total F&O turnover was 1.25 lakh  Cores  with total contract traded at 2.4  lakh lowest in 2012.

7.  5300 CE also saw an addition of 2.79  lakhs with total OI now standing at 41 lakhs ,5400 CE saw an  addition  of 1.85  lakhs and total OI stands at 67 lakhs making immediate ceiling for market,  5500 CE still having  highest OI of 93 lakhs,  , 5000-5600 CE saw an addition of 2.6 lakhs in OI.

8. On Put side 5000 PE saw an unwinding  of 1.4 lakhs,strong support of Nifty as total OI at 1.01 core.5000-5500 PE added  total of 7 lakhs in OI.5300 PE added 5 lakh in OI and having the OI at 91 lakhs which suggests traders are getting confident that 5300 will not break in near term and immediate support in any pullback.5400 PE also added 7.2 Lakh in OI and FII were net buyers of Options yesterday so are they are buying puts to hedge there longs.

9.FII  bought 308 cores and DII bought 40  cores in cash segment.INR closed at 55.8  Live INR rate @ http://inrliverate.blogspot.in/).FII has sold 161 cores  in stock futures.

10. Nifty Futures Trend Deciding level is 5387, Trend Changer at 5298 NF (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).

Buy above 5404 Tgt 5427,5450 and 5470

Sell below 5340 Tgt 5328,5309 and 5284 (Nifty Spot Levels)

Disclaimer: These are my personal views and trade taken on these observation should be traded with strict Sl

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