FII Derivative Data Analysis for 26 August Trade in Nifty Future

By | August 27, 2012 8:20 am

1. FII  bought 5547  Contracts of Index Future  ,worth 147 cores  with net OI increasing by 8549 contracts.

2. As Nifty Future was down by 25  points and OI has increased by 8549, FII are booking profits in longs. No shorts have been created as per data analyzed.

3. NS closed at 5386 after making the low of 5370, Bulls were unable to close nifty above 5400 on Weekly basis but closed at breakout point of 5386. Technically breakout with volumes has happened above 5386 after that we made a high of 5449 and retraced back to pullback point which is healthy for market. For Weekly Charts Refer to Nifty Weekly Chart Analysis

4. Resistance for Nifty has come up to 5401 and 5415 which needs to be watched closely ,Support now exists at 5371 and 5341 .Trend is still buy on Dips till 5297 is not broken on closing basis.

5. Nifty August OI is at 2.53 cores with an unwinding  of 5.5 Lakh in OI, but the same got rollovered to September Series.

6. Total F&O turnover was 1.28 lakh  Cores  with total contract traded at 2.11  lakh,Cash volumes remain steady suggesting all dips are getting bought into.

7.  5300 CE also saw an unwinding  of 2.6 lakhs with total OI now standing at 27 lakhs. 5400 CE saw an  unwinding  of 7  lakhs and total OI stands at 55 lakhs so 5400 CE writers are also unwinding, 5500 CE still having  highest OI of 1.03 core lakhs,with fresh addition of 4.3 lakhs in OI so 5500 is the ceiling for the market.

8. 5300 PE added 5.7 lakh in OI and having the OI at 1.05 lakhs which suggests traders are getting confident that 5300 will not break in August Expiry.5400 PE  unwounded 14.3 Lakh in OI. So as NF closed below 5400, 5400 PE saw an huge unwinding,as Expiry is 4 trading session away. Looking at huge unwinding i accept nifty to come near 5400 today.

9.FII  bought 226 cores and DII sold 356 cores in cash segment.INR closed at 55.4  Live INR rate @ has bought 7846 Cr in cash market in August series.

10. Nifty Futures Trend Deciding level is 5342, Trend Changer at 5323 NF (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).

Buy above 5395 Tgt 5414,5434 and 5449

Sell below 5371 Tgt 5358,5341 and 5319 (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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