FII FnO Data Analysis for 01 march Trade for Nifty Futures

Below is my Interpretation of FII OI data Sheet for 29-Feb-12.

1. FII sold  6170  Contracts of NF worth 157  cores OI also increasing  by 10790 contracts.

2. As Nifty Futures was down by 2  points and OI has increased by 10790  contracts means shorts  were added into the system.Why I say because NF sold off from highs of morning and unable to close above 5400

3. Nifty has for third day closed below  20 SMA@5410 which shows lack of strength of Bulls to drive Nifty above 20 SMA.

4. Nifty March  OI has increased   by 5.51  lakh .Total OI stands at 2.60 cores  contracts. Fresh addition of  shorts.

5.Total F&O turnover was  1 Lakh  cores with total contract traded in March series 393197 .Turnover is more than yesterdays turnover  meaning Bulls fire power is slowing down.

6. In equity FII bought 579 cores DII sold 431 cores. FII are still buying the dips in cash segment.

7. 5600 CE is having highest OI of  48  Lakhs seems with fresh addition of 4.8 Lakh contracts 5200 PE having highest OI of 75.8 lakhs.

8. 5400 PE saw an unwinding of  of 45k contract  as NF closed at 5439 with still whopping 60 points premium. 5400 NF looks like immediate support for tomorrow also with no fresh addition this support can crack easily or today knee jerk fall was to shake off weak hands,Will come to know tommorow.

9. 5200 PE also saw an addition of 7.5 Lakh with premium increasing by Rs 4, Smart money has started writing the 5200 PE as 5171 is 200 SMA.

10. Nifty Spot closed below 5401 indicating that loss of momentum on monthly time frame.

11. Average FII traded price  comes at 5085 again meaning they did lot of day trading today thats the reason why we saw such volatile move in NF.

12. FII SAR for Today 5414 NF March((For Positional Traders) and VWAP at 5441 NF (Below this Level Bears will rule Nifty).

13. FII Options OI is at 15 lakh the reason for sideways market. Trading Nifty in a range and eating the premium is the game with such high OI.

Buy above 5411 Tgt 5445,5470 and 5505

Sell below 5364 Tgt 5339,5300 and 5275 (Levels mentioned are Nifty Spot)

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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