FII FnO Data Analysis for 24 Feb Trade for Nifty Futures

By | February 23, 2012 8:30 pm

Below is my Interpretation of FII OI data Sheet for 23-Feb-12.

1. FII bought  4976   Contracts of NF worth 137.31  cores OI also decreasing  by 343895 contracts with NF ending the month with 325 points gain

2. As Nifty Futures was down by 30  points and OI has decreased by whopping 343895  contracts means FII did profit booking on longs.

3. Nifty march future closed at 5539 a premium of whopping 56 points, Such High premium cannot be sustained for long time and it signals correction is inevitable to get the premium back to normal levels.

4. Nifty Feb  OI has decreased   by massive 36  lakh .Total OI stands at 1.2 cores  contracts.March Series OI has increased by 34 lakhs with total OI standing at 2.3 cores  means Feb contracts got rollovered to march. Now are these shorts or longs? Someone who rollovered his shorts got a whopping 60 points premium which does  make a good risk to reward ratio for shorters

5. As 35 Lakhs got rollovered today when Nifty March Future  made a low of  5503 and High of 5591 implying 5503 be an important support levels for March Series.Basically 1.8 Cores NF contracts got added in 5664-5539. So basically NF trading below this range will lead to more weakness.

7.Total F&O turnover was 2.58 Lakh cores highest FnO turnover in past 5 months.

8. In equity FII bought 104.55 cores DII sold 640 cores. FII has bought massive 16147 cores in Feb series only

9. 5500 CE  March is having highest OI of  26 Lakhs   5300 PE is having the highest OI  46 Lakhs. With NF closing negative still PE lost premium because of 59 points premium.

10. Volatility index collapsed today by 10%. I have not seen in recent past collapsing 10% with nifty closing in red. I would be caution on Long side in Nifty due to high premium.

11. FII SAR  5534 NF March((For Positional Traders) and VWAP at 5391 NF (Below this Level Bears will attack Nifty).

12. Today we had a quick points on intrady based on SAR levels and Morning analysis for Feb expiry proved correct with Nifty closing at lows of the day.

Buy above 5494  Tgt 5507,5527,5562

Sell below 5460 Tgt 5447,5427  and 5400  Intra day Players can use the Levels.

All levels mentioned are SPOT levels.

Let me go by Disclaimer these are my personal views and trade taken on these observation should be traded with strict Sl

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12 thoughts on “FII FnO Data Analysis for 24 Feb Trade for Nifty Futures

  1. anuj

    Bramesh sir, i m one of yr fans of fii oi analysis.Sir i m watching yr FII SAR level from few is working beautifully.Plz tell how much points sl needed if i enter a trade on it??thx

    1. Bramesh Post author

      Dear Sir,

      One Gap gets filled Nifty will move again towards its orginal trend ie on Upside. Longs can be taken with a SL of 5406 NS


  2. Dhan

    In point No. 4 you have mentioned someone who rollovered shorts paid whooping 60 pts premium,

    Those who have long if they rollovered he should pay a premium, actually the seller will get benefit of premium

    Is that right

  3. tushar

    Nifty is in overbought condition.And candlestick pattern shos nifty can correct upto 5380 spot. So dont go long till 5380 spot. It is very dangerous.FIIS shorted nifty futures in huge quantity.

  4. dr vaibhav

    Excellent analysis as usual– like to share few observations as you ve rightly spotted in todays analysis–
    1 — NF march trading @ huge premium > 50 points — since long time at least last 2 weeks — inspite of consecutive red candles — last 2 days 2– sudden drop in IV inspit of last hr weird move – a sudden spike from 5480 — 5540 within 20 min– and then sudden collapse — back to 5480 – NF (feb)– realy no explanation for such haphazard move – ? expiry blues – and surprisingly – -this is accompanied by sudden drop in IV–as you ve rightly mentioned — ???
    3– addition @ 5300 PE , 5400 PE in late trades and 5100 , 5200 PE — also — highest OI build up @ 5200 PE — realy not much addition for call sides — 5700 CE , 5600 CE hardly 20 lack OI

    INFERENCE — does ALL of these point to – UPSIDE movt in NF in near term — 2-3 days — may be limited upside upto 5600 / 5700 is likely ? — pls comment — your expert opinion is always welcome — regards – dr vaibhav


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