Nifty forms morning star pattern,FII FnO Data Analysis

By | May 9, 2015 6:36 pm


  • FII’s bought 7  K contract of Index Future worth 195 cores,5.8 K Long contract were squared off  by  FII’s and 12.8 K  short contracts  were squared off by FII’s. Net Open Interest decreased  by 18.7 K contract so today’s rise was used by FII’s to square off both longs and shorts in Index Future .Trading using the McClellan Oscillator
  • This is what we discussed yesterday Nifty has meet its ABC pattern target of 7994 made low of 7997 and saw a bounce back in last 30 mins of trading. Nifty also held on to its Median line of AF as shown in below chart. Also last 3 correction were marked by DOJI pattern which was formed today. Tomorrow if market opens gap up will signal formation of Morning Star Candlestick pattern , but all this move requires a follow up move tomorrow and price closing above 8124. Now we are entering a new quadrant in coming week so 8319/8336 should be watched.Nifty Gunner



  • Nifty May Future Open Interest Volume is at 1.39  core with liquidation of 12.6 lakhs with  cost of carry going positive  suggesting  short position got closed.
  • Total Future & Option trading volume was   at 2.12 core with total contract traded at 5.5  lakh. PCR @0.90.
  • 8500  CE  OI at 45.6 lakh , wall of resistance @ 8500 .8100/8400 CE saw liquidation of 4.6  lakhs ,so  bears liquidated few position but still holding 82 lakh . FII bought 95 K  CE longs and 739 shorted CE  were covered by them.Retailers have sold 1.17 lakh CE contracts in yesterdays session.
  • 8000 PE OI@ 47.6  lakhs so strong base @ 8000.  8100/8400 PE added 8.1  lakh so bulls showing sign of life.  FII bought 7.9  K PE longs and 2.2 K PE  were shorted  by them.
  • FII’s sold 437 cores  in Equity and DII’s bought 1114  cores in cash segment.INR closed at 63.92


Buy above 8236 Tgt 8260,8281  and 8337 (Nifty Spot Levels)

Sell below 8180  Tgt 8135,8130 and 8100 (Nifty Spot Levels)


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10 thoughts on “Nifty forms morning star pattern,FII FnO Data Analysis

  1. Sankara Subbu

    I am reading this on 12 May 2015. I just wonder how can you be so accurate in your predictions? It seems the FIIs and big players are following your analysis and trading accordingly.

  2. Chan dra

    Dear Sir, Could you please help me on how to identify from the options OI, how many are CE/PE longers and shorters?

  3. anand r s

    Sir, On Friday NF Trend changer level was given at 8237 and it has touched and made a high of 8247 and LTP was 8218 eod close was 8210.55. Based on NF trend changer I took long position and as per today”s levels NF Trend changer is at 8231. Sorry, if this is a silly question, Sir is 8231 NF as TC for long or short.

  4. Bramesh Post author

    Sree krishna ji,

    If you are making money with your current system, please follow it. Everyone in trading has his/her comfort level with technical tools they are trading with.


  5. Chandrabhusan singh

    NF Trend Changer Level (Positional Traders) 8231 this is real time or eod besd

      1. Chandrabhusan singh

        Sir mera matlab hai ki aapke analysis k hisaab se hum buy side main position leya hai market ager volatile hota hai or trand changer level ko cross karta hai to position reverse karna hai real time main ya market closing prise dekhane k baad agle din position reverse karna hai

        Thank you

  6. desikan

    With SGX nifty showing up on Friday night, looks like most probably we will see Nifty opening on Monday higher than 8236.


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