FII Derivative Data Analysis for 27 August Trade in Nifty Future

By | August 27, 2012 7:09 pm

1. FII  bought 13648  Contracts of Index Future,worth 384 cores  with net OI increasing by 13010 contracts.

2. As Nifty Future was down by 40  points and OI has increased by 13010, FII are booking profits in longs. No shorts have been created as per data analyzed.

3. NS closed at 5350 after making the low of 5346 near to our 1 tgt of 5341,Bulls were under pressure from morning as they were unable to close nifty above 5400,We have discusssed the resistance at 5401 and Nifty made a high of 5399 today :).

4. Resistance for Nifty has come up to 5366 and 5401 which needs to be watched closely ,Support now exists at 5341 and 5309 .Trend is still buy on Dips till 5313 is not broken on closing basis.

5. Nifty August OI is at 2.3 cores with an unwinding  of 18 Lakh in OI, but the same got rollovered to September Series.September Series OI is at 60 lakhs so 18 lakhs got rollovered and 7 lakh extra addition.

6. Total F&O turnover was 1.19 lakh  Cores  with total contract traded at 1.89  lakh,Cash volumes were very dismasal at 5051 now this signify the fall was in technical in nature no major selling has happened today. So tomorrow we can see a reverse upmove if 5341 is not broken.In past, whenever Nifty has formed a low near the support with falling volumes (as compared to previous sessions) we observed minor bottom reversal pattern. Today’s decline with falling volume (compared to Friday) could be a sign of possible reversal.

7.  5300 CE also saw an addition  of 2.7 lakhs with total OI now standing at 29 lakhs. 5400 CE saw an  addition  of 10  lakhs and total OI stands at 66 lakhs so 5400 CE writers, 5500 CE still having  highest OI of 1.05 core lakhs,so 5400 is the ceiling for the market.

8. 5300 PE added 3.2 lakh in OI and having the OI at 1.08 lakhs which suggests traders are getting confident that 5300 will not break in August Expiry.5400 PE  unwounded 13 Lakh in OI. So as NF closed below 5400 second day running, 5400 PE saw an huge unwinding,as Expiry is 3 trading session away. Looking at huge unwinding i accept nifty to come near 5400 tommorow.

9.FII  bought 200 cores and DII sold 500 cores in cash segment.INR closed at 55.7  Live INR rate @ has bought 8046 Cr in cash market in August series.FII sold 551 of stock futures also

10. Nifty Futures Trend Deciding level is 5347, Trend Changer at 5326 NF (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).

Buy above 5366 Tgt 5388,5400 and 5414

Sell below 5341 Tgt 5332,5313 and 5294 (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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2 thoughts on “FII Derivative Data Analysis for 27 August Trade in Nifty Future

  1. Kalyan

    Hi Bramesh, Excellent tech analysis for Nifty. It would be great if you could do the same for Bank Nifty as well, as we see big movements in bank nifty rather than Nifty.

    1. Bramesh Post author

      Thanks Sir,

      BN forms just 4% of total FII OI figure. Hence i give more importance to nIfty



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