FII F&O Data analysis for 17 Sep trade in Nifty Future Trading

By | September 16, 2012 8:27 pm


Bulls are having a great time with Support from Central Bankers Fed and ECB. Now Bulls got another booster from Indian Government with slew of reforms they have announced on Friday Evening,notable among them are

SGX Nifty trading at 5655 another  Gap up on its way We has discussed the possible trading moves in Nifty in Nifty Weekly Outlook (Click on Link)

We have RBI meeting tomorrow and rate cut will add further fuel to fire. Rate Cut Decision will be coming up between 11 AM- 12PM.

1. FII bought 39335  Contracts of Index Future,worth 903.23 cores  with net OI increasing by 30065 contracts.

2. As Nifty Future was up by 134  points and Open Interest in Index Futures  has increased by 30065, FII have intitated fresh long in Nifty and Bank Nifty Future. Momentum is on higher side and weakness is still not present in Nifty Future.

3. NS closed at 5578 after making a high of 5587,Nifty has broken the swing high of 5448 with a breakaway gap between 5435–5527.Now we are very close to break the 52 week high at 5630 which should be take by another gap up tomorrow. Traders who are trading on trend following system as taught in our trading course  are minting money. Details about course can be seen at this link

4. Resistance for Nifty has come up to 5630 and 5648 which needs to be watched closely ,Support now exists at 5601 and 5577 .Trend is Buy on Dips till 5361 is not broken on closing basis.

5. Nifty  Future September  Open Interest is at 2.01 cores with a fresh addition  of 14.5 Lakh in OI,long addition is seen in Nifty future .

6. Total F&O turnover was huge 1.94 lakh  Cores  with total contract traded at 3.27  lakh. PCR at 1.08 and VIX 15.38.

7.  5600 CE  is having highest Open Interest of 81 lakhs with an unwinding of 15 lakhs in OI.5500 CE is having second highest Open Interest at  OI at 53  lakhs, with huge unwinding of 23 lakhs.Immediate resistance is at 5700 CE. 5200-5800 CE saw an huge unwinding  of 60 lakhs in Open Interest.So Bears and Call Writers got mauled in this bullish mayhem and  got a blowout punch from Bulls.

8. 5500 PE added huge 30 lakh in Open Interest,Bulls want to make the 5500 as base for the rest of September series as they added 30 lakhs in single session.5600 PE also added 41 lakhs in Open Interest which means 5600 will be captured tomorrow,Can we close above it? 5200-5800 PE added  huge 48 lakhs in Open Interest so bulls are cementing ground for 5600 tomorrow.

9.FII  bought 2833 cores and DII  sold 688 cores in cash segment,INR closed at 54.43  Live INR rate @ has bougth 5281 cores in cash market.

10. Nifty Futures Trend Deciding level is 5577, Trend Changer at 5355 NF. (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).Traders who are observing Trend Changer Level closely can see the powerful effect of it. We were in Buy from 5309 and today we will gain 265 points.

Buy above 5630 Tgt 5648,5665 and 5700

Sell below 5562 Tgt 5540,5527 and 5500 (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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