Nifty Daily Technical, FII F&O Analysis for 15 March

 

Filtering of Noise is one of the most important characteristic of trader as discussed in Successful Traders Secret Mantra today was the test, Rumors of Scam in Banking Sector, panic selling in Stock market formation of panic bottom and a rally.

1. FIIs bought 1445 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 45 cores with net Open Interest decreasing by 3895 contracts. Mastering Fear in trading

2. As CNX Nifty Future was up by 72 points, with Open Interest in Index Futures decreasing by 13351 so FII have covered  shorts  in today’s session at lower levels.FII also did lot of day trading today looking at derivative data,

3. NS closed at 5909 after  making high of 5920 and low of 5791,Nifty has formed Bullish engulfing pattern with rise in volume after a decline of the last couple of sessions and panic decline in todays session suggesting sharp counter attack of bulls and this is positive indication for Nifty. Today was a preview of Budget day as Nifty swinged 145 points today. As discussed yesterday in Option analysis decline nears 5800 should be bought into and traders were rewarded handsomely today with a rise of 120 points from 5800 odd levels in a trading day. Range of 5820-5850 becomes an important support zone and traders carrying shorts from higher level should lighten up in this range, Hope traders carrying shorts were able to exit their trades. Today’s low 5691 can be seen as higher low formation as per Dow theory.

 

4. Resistance for Nifty has come up to 5938 and 5971 which needs to be watched closely ,Support now exists at 5884 and 5854.Trend remains range bound  As per OI analysis getting signal of range bound move in range of 5820-5971.

5. Nifty Future March Open Interest Volume is at 1.50 cores with liquidation of  4.11 lakh in Open Interest with rise  in Cost of Carry of Nifty Future  to showing traders have liquidated short position in Index Futures after taking short in morning but with rise in today’s  session shorts  were liquidated.

6. Total Future & Option trading volume at 2.43 lakh Cores with total contract traded 3.70lakh  highest in 2013 , PCR (Put to Call Ratio) at 1.34 and VIX declined sharply by 10% to 14.91 .Option premium got eroded significantly as High of 5700 PE was 46 and it closed at rs 10.. Many traders hands were burnt again.

7. 6000 Nifty CE  is having highest OI at 72.6 Lakh with liquidation of  1.6 Lakhs, 5900 CE liquidated 7 lakhs having OI of 56.8 lakhs ,5800 CE also liquidated 3.4 lakhs in OI.6100 CE added6.13  lakh in OI all signalling range bound session on cards. .5500-6200 Call Options liquidated  6.3 lakhs in OI. FII net sold 2000 cores of options today highest option sell figure in last 2 years.

8. 5700 Put Option is having highest  Open Interest of  1.08 cores with liquidation  of 22.4  lakhs in OI  5700 is wall of Support , 5800 PE liquidated  3.6  lakhs with  OI  at 93.6 lakhs and 5900 PE liquidated  7 lakhs in OI with net OI at 59.3 lakhs suggesting smart money liquidating position as VIX decline significantly, 5500-5600 PE both combined added 40 lakh in OI with premium of both shooting down  80% and 70% in matter of day. 5500-6200 Put Options liquidated 68 lakhs in OI. As per Option table 5800 will provide support and dips near 5800 should be bought into.– This was i wrote yesterday 🙂

9. FIIs bought in Equity in tune of 607 cores,and DII sold 829 cores in cash segment,INR closed at 54.43 Live INR Chart for market hours and currency traders

10. Nifty Futures Trend Deciding level is 5957(For Intraday Traders), Trend Changer at 5845 NF(For Positional Traders). (Above this Level Bulls will rule Nifty/Below this levels Bears have upper hand). Bank Nifty Future Trend Changer Level 11900.Hope traders got one more entry in longs as per trend changer level.

Buy above 5920 Tgt 5938, 5954,5971

Sell below 5900 Tgt 5884,5870 and 5846 (Nifty Spot Levels)

Traders who use Pivot and Camarilla can use the following 2 sites for Hourly values and EOD values

 

http://camarillapivotpoints.blogspot.com/
http://niftystockpivot.blogspot.in/

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