Nifty Future Technical Analysis as per FII Data

By | April 30, 2013 6:28 am

FII

  • FIIs bought 396 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 7 cores with net Open Interest increasing by 10328 contracts.FII created long in INdex future.Worlds Best Technical Analyst
  • NS  made a lower top at 5916 , below the swing high of 5925. As discussed in Weekly Analysis  Market will take breather and consolidate in a range. This time is testing time for traders as SL will be triggered when Nifty trades in tight range of 5850-5945.  Next all important resistance zone comes in the range of  5945-5972.
  • Nifty Future May Open Interest Volume is at 1.61 cores with addition of 3.4 lakh in Open Interest with fall  in Cost of Carry of Nifty Future  to showing traders are closing short position  positions .5867 May NF is an important support.
  • Total Future & Option trading volume at 69 lakh with total contract traded at 52 week low of 1.22 lakh , PCR (Put to Call Ratio) at 1.07 and VIX crashed to 14.33
  • 5900 Nifty CE  is having highest OI at 46.6 lakhs with addition of  0.76 lakhs in OI , 6000 CE added 25 lakhs in OI remains the wall of resistance.5500-6200 CE added 10.2 Lakhs in OI
  •  5700 Put Option is having highest  Open Interest of  55 lakhs with addition of  6.2 lakhs in OI ,5800 PE  added 3.54 lakhs and net OI at 54  lakhs so 5800 should give a strong support to Nifty. 5500-6200 PE added 17.4 Lakhs in OI
  • Nifty Futures Trend Deciding level is 5935 (For Intraday Traders).Nifty Trend Changer Level 5906 and Bank Nifty Trend Changer level 12593

Buy above 5925 Tgt 5943, 5972,6000(Nifty Spot Levels)

Sell below 5900 Tgt 5880,5854 and 5830(Nifty Spot Levels)

Nifty A/D charts is now available at http://nifty-advance-decline-stocks.blogspot.in/

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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