FII F&O Data analysis for 26 Sep trade in Nifty Future

By | September 25, 2012 7:55 pm

 

1. FII bought 21938  Contracts of Index Future,worth 644.96 cores  with net OI increasing by Huge 96896 contracts.

2. As Nifty Future was up by 1 points and  Open Interest in Index Futures increased by 96896, FII created fresh longs Index Future longs in Nifty and Bank Nifty Futures.Also do note FII are basically doing  lot of day trading in Index futures and rolling over there positions to next series.

3. NS closed at 5674 after making a high of 5703 and unable to break 5720 for 2 day,Bulls are in control of market as they have defended 5648 as Nifty Spot made low of 5652 and bounced back. After big rise on Friday we had another  session of consolidation today.

4. Resistance for Nifty has come up to 5700 and 5720which needs to be watched closely ,Support now exists at 5648 and 5618 .Trend is Buy on Dips till 5570 is not broken on closing basis.

5. Nifty  Future September  Open Interest is at 1.92 cores with a unwinding  of 23 Lakh in OI,and all 23 lakhs got rollovered to October Series.Rollovers have started in NIfty Futures with addition of 46 lakhs in October series.Fresh longs are created in October series.

6. Total F&O turnover was 1.91 lakh  Cores  with total contract traded at 2.90 lakh. PCR at 0.99 and VIX  tanked 10% at 17.11. 

7.  5800 CE  is having highest Open Interest of 89 lakhs with fresh addition of 13 lakhs in OI.5700 CE Open Interest  at 68 is second highest  lakhs, with unwinding of 2 lakhs.Immediate support is at 5648 as 5600 CE sheded another 4 lakhs as per Open Interest table.  5300-5900 CE unwounded just 0.18 lakhs in Open Interest.

8. 5600 PE unwounded 1.6 lakh in Open Interest total OI at 77 Lakhs,Bulls want to make  5600 as base for September Series.5700 PE added 4 lakhs in OI so we should see some good move ie. break below 5648 or break above 5720 tomorrow. 5300-5900 PE unwounded 21 lakhs in Open Interest as major unwinding coming from 5500 PE. FII are booking profits in Puts written by them.

9.FII  bought 5845 cores do note it includes the Bulk deal in Bayer Corp science and Cairn India  and DII  sold 1374 cores in cash segment,INR closed at 4 months high at 53.36  Live INR rate @ http://inrliverate.blogspot.in/).FII sold 610 cores in Stock Futures.

10. Nifty Futures Trend Deciding level is 5452, Trend Changer at 5677 NF. (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand).

Buy above 5681 Tgt 5700,5720 and 5740

Sell below 5648 Tgt 5634,5618 and 5600 (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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