Nifty rallies from pyrapoint support, FII FnO Data Analysis

By | July 22, 2015 9:57 pm
16 Comments

FII

  • FII’s sold 14.8 K contract of Index Future worth 294 cores ,3.6 K Long contract were added  by FII’s and 18.5 K  short contracts  were added by FII’s. Net Open Interest increased  by 22.1 K contract, so today’s rise was used by FII’s to enter  both  longs  and shorts in index futures . Do and Don’ts for Intraday Trading
  • As discussed yesterday Pyrapoint suggest support lies in zone of 8492/8500 range. Holding the same Nifty can see a rise to break its resistance of 8636. Gunner also suggests range of 8480/8500 strong support zone. Fresh buying should be done on close above 8535 on nifty spot. Nifty opened gap down took support at pyrapoint support and gunner support and rallied moving to higher end of pyrapoint. Nifty was unable to break the resistance zone of 8636/8640. Any close below it can see move towards 8500/8520 and above it 8720/8700

NIFTY - Pyrapoint

Nifty Gunner

  • Nifty July Future Open Interest Volume is at 2.14 core with addition of 7.2 Lakh, with decrease in CoC suggesting  short  positions got added  today.
  • Total Future & Option trading volume was   at 3.09 core with total contract traded at 3.9  lakh. PCR @1.15
  • 8700  CE  OI at 46.6  lakh , wall of resistance @ 8700 .8400/8800 CE liquidated 9.2  lakh so bears again got knockout punch from bulls and had to liquidated what was added yesterday . FII bought 30.3 K CE longs and 4.4 K  shorted CE were covered by them.Retail sold 52.5 K CE contracts.
  • 8500 PE OI@ 68.4  lakhs so strong base @ 8500.  8500/8700 PE  added 32.5 lakh so major addition seen in  8500/8600 CE still holding 199 lakh suggesting bulls are still holding  aggressive positions at lower levels . FII sold 5.3 K PE longs and 3.3 K PE were shorted by them.Retail sold 72.8 K PE contracts.Retailers buying PE and market going up.
  • FII’s bought 450 cores in Equity and DII’s sold 351 cores in cash segment.INR closed at 63.58

 

Buy above 8646 Tgt 8665,8685 and 8737 (Nifty Spot Levels)

Sell below 8590 Tgt 8570,8540 and 8498 (Nifty Spot Levels)

 

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16 thoughts on “Nifty rallies from pyrapoint support, FII FnO Data Analysis”

  1. vikaskvikas

    Dear Bramesh Sir.

    YESTERDAY AGAIN WORKED FOR ME KEEPING YOUR DAILY LEVELS OF SUPPORT N RESISTANCE.

    thanks for your daily write ups.

    it working perfectly for a trader like me.
    regards
    vikas kumar

    Reply ↓
  2. lalit

    As per data retail sold put but u suggest that retail buying put can u please validate your statement

    Reply ↓
  3. Amit

    Mr Bramesh when last time there was definite downtrend in April from 8800 could u predict it. If yes what were indicators then . It will come handy for us if Nifty starts downward to 8200 in anticipation of fed rate change in sep

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    1. Bramesh Post author

      I am not in a Business of Prediction , I am least interested in when a reversal will happen but more interested in following the trend with my trading levels. If target comes we book profit and if SL is triggered we take it happily and sit out of market waiting for next opportunity.

      Rgds,
      Bramesh

      Reply ↓
    1. Shree

      Exit when you get chance.. It is highly likely that expiry will take place between 8800 -9000 on nifty

      Reply ↓
  5. Rino

    hi i bought PE 8300 july expiry quantity10000 for 58, i spent 5.8 lakh, now it is only 4.8 what should i do

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    1. sl

      never ever buy options until all studies and indicators show a reversal in trend.once trend reversal is confirmed but options with a stoploss. and always book as soon as you see more than 10 percent profit.as of now you can close your options and with the left amount buy next month puts ,,ya u wil get only 30percent of the quantity.

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  6. devraj

    update nifty not able to cross 8700 this series because gst ot passed this month so sell at 8650 and buy at 8480 or8450.

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  8. rajveer

    Thanks for the thorough analysis. Market behaving very similar to the bottoming process at 7940, this time topping near 8650 (0.618 retrace from 7940 to 9119). I am sure the smart money sold today. Maybe reliance earnings will be the downside trigger let us see.

    Reply ↓
  9. Preet

    weekly chopad levels worked perfectly Nifty never spend time above trend deciding level of 8627 on 15 min chart and fallen to second support level of 8500.Now today nifty gave a close above 8627 So we can expect nifty to scale resistance level 8665 and 8716 on upside.

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  10. Karn

    Sirji ur levels ur analysis are great keep it up thanks alots for giving a way to trade in market

    Reply ↓

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