Nifty ready for big move,FII FnO Data Analysis

• FII’s sold 3.6 K contract of Index Future worth 214 cores,614 Long contract were added by FII’s and 4.2 K short contracts  were added by FII’s. Net Open Interest increased  by 4.9 K contract.Why Traders cannot stick to their trading Plan?

•  Nifty continued with its rally forming higher high and higher low pattern. Till 8682 is not broken trend remains up,  .As per gunner Nifty took support at Green arc and is  now head to the gann line as shown by red line. Nifty is also near the 61.8% retracement at 8791 which should be watch out on Monday.  Current uptrend will get over when we  have correction of more than 107 point from the highs. Till than use dips to buy. Monday we should see big move on either side, 8800 on upside and 8733 on downside should be watched to get a sense on big move.
  

 

• Nifty April Future Open Interest Volume is at 1.91 core with addition of 0.42  lakhs with decrease in cost of carry suggesting  short position got added in system.
  

• Total Future & Option trading volume was   at 1.57  core with total contract traded at 2.5 lakh, low contract traded in last 3 months also suggests market is ripe for big move. PCR @0.98 suggesting sentiments is turning bullish.

• 9000  CE  OI at 46.2  lakh , wall of resistance @ 9000 .8800 CE saw addition of 5.9  lakhs ,so  bears are warming up and creating resistance at higher levels. FII bought 19.5 K CE longs and 3.3 K CE  were shorted  by them.
  

• 8500 PE OI@ 51.3 lakhs so strong base @ 8500.  8600/8800 PE added  6  lakh so bulls so total 28 lakh were added in 3 days and are making position for higher levels.  FII bought 23.8 K PE longs and 3.3 K  PE  were shorted by them.
  

• FII’s bought 362 cores  in Equity and DII sold 135 cores in cash segment.INR closed at 62.31.
  

• Nifty Futures Trend Deciding level is 8798 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8622 and BNF Trend Deciding Level 18886 (For Intraday Traders) BNF Trend Changer Level (Positional Traders) 18513 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .  

 

Buy above 8800 Tgt 8820,8851 and 8880 (Nifty Spot Levels)

Sell below 8745 Tgt 8712,8682 and 8645 (Nifty Spot Levels)

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