FII FnO Data Analysis for 05 Dec

• FII’s sold 32.2 K contract of Index Future worth 756 cores, 24.3 K Long contract were squared off by FII’s and 7.8 K short contracts  were added by FII’s. Net Open Interest decreased  by 16.4 K contract ,so FII’s squared off long in Index Futures, added shorts in index future.But with this big selling also NF was up by 27 points and BNF closed up 112  points showing no major impact seen in market.

• Nifty made a new life High @ 8637  saw a pullback of 100 points @8526 ,so again the 100 point concept came in rescue for bulls and nifty rallied to close @ 8564. So low of 8526 is very important number to be watched. Nifty On hourly charts is near the channel bottom with Hourly oversold so 8526 held we can see move up to channel top again. Weekly Closing tomorrow Bulls want to close above 8630 and bears below 8500.

• Nifty Future December Open Interest Volume is at 1.98 core with liquidation of 6.1 lakh in OI suggesting long liquidation.We are down 23 lakh in OI in past 5 trading session suggesting excessive bullishness is out of system.
  

• Total Future & Option trading volume was   at 1.58 lakh core with total contract traded at 3.2 lakh. PCR @1.05. Excessive bullishness is out of the system.

• 8700  CE  OI at 54.8 lakh so wall of resistance @ 8700.8800/8900 CE saw addition of 2.2 lakh still no liquidation suggesting speculative buying still happening.FII bought 20.3 K CE and 6.7 K CE were shorted by them.Net Options OI has increased to 4.2 lakhs suggesting range bound moves can continue.
  

• 8500 PE OI@ 56.5 lakhs so strong base @ 8500  . 8400 PE added 4.1 lakh in OI so strong base building happening @8400. FII bought 4.9 K PE and 3.8 K  PE were shorted by them.
  

• FII’s bought 474 cores in Equity and DII sold 586 cores in cash segment.INR closed at 61.91
  

• Nifty Futures Trend Deciding level is 8593 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8589 and BNF Trend Deciding Level 18754 (For Intraday Traders) BNF Trend Changer Level (Positional Traders) 18580 .How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level . 
  

 

Buy above 8575 Tgt 8600,8630 and 8650 (Nifty Spot Levels)

Sell below 8550 Tgt 8520,8500 and 8472 (Nifty Spot Levels)

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