- FII’s bought 6.3 K contract of Index Future worth 444 cores ,5.6 K Long contract were added by FII’s and 0.71 K short contracts were liquidated by FII’s. Net Open Interest increased by 4.8 K contract, so rise in market was used by FII’s to enter long and exit shorts in Index futures. Characteristics Of Loss making Traders
- As discussed last Analysis Holding 8760 we can see another upmove towards 8860/8928, Bears will get active only below 8700 for target of 8656/8600. Low made today was 8757 so nifty continue to hold 8750 and made high of 8826 now need to head towards 8860/8928 holding 8760. Bears will be active only below 8700, As seen in below trading trading above 8830 can see move till 8928/8968 in near term.break of 8700 will push nifty towards 8600/8577. Bank Nifty continue to trade in range,EOD Analysis
- Nifty Sep Future Open Interest Volume is at 3.24 core with addition of 1.31 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @8686, closed above it rallied 250 points.
- Total Future & Option trading volume was at 3.67 Lakh core with total contract traded at 1.28 lakh , PCR @1.01 , Trader’s Resolutions for the New Financial Year 2016-17
- 9000 CE is having Highest OI at 63.2 lakh, resistance at 9000 .8500/9000 CE added 10.8 lakh so finally bears added aggressively in 8900-9000 range .FII sold 5.5 K CE longs and 9.4 K CE were shorted by them .Retail bought 52 K CE contracts and 34.1 K CE were shorted by them.
- 8500 PE OI@66.8 lakhs having the highest OI strong support at 8500. 8300-8800 PE added 8.6 Lakh in OI so bulls strong base of 8700-8750 zone is still protected .FII bought 23.9 K PE longs and 11.6 K PE were shorted by them .Retail bought 31.1 K PE contracts and 24.1 K PE were shorted by them.
- FII’s bought 184 cores in Equity and DII’s sold 230 cores in cash segment.INR closed at 67.02
- Nifty Futures Trend Deciding level is 8823 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8804 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level
Buy above 8830 Tgt 8850,8880 and 8902 (Nifty Spot Levels)
Sell below 8720 Tgt 8700,8675 and 8600 (Nifty Spot Levels)
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Thanks for Clarification
Sir From Last few days FII selling Call & Shorted Call does it mean they have bearish view
they are shorting PE also..
FII sold 5.5 K CE longs and 9.4 K CE were shorted by them –what does second part “9.4 K CE were shorted by them ” mean Sir
MEans they sold CE which is typically done for complex option strategy like Iron condor..