Nifty forms NR21 pattern, FII FnO Data Analysis

By | May 20, 2015 7:44 pm


  • FII’s bought 37.2 K contract of Index Future worth 853 cores,40.2 K Long contract were added by  FII’s and 3  K  short contracts  were added by FII’s. Net Open Interest increased  by 43.2 K contract so today’s rise was used by FII’s to add majority longs   in Index Future. How Traders can Optimize Trading Mindset Part-I
  • Nifty has formed Narrowest Range in past 1 trading session also known as NR 21 pattern , which suggests breakout/breakdown of large magnitude is on cards in near future, which side we will cover in analysis going forwards. Gunner is still positive quadrant till holding above 1*1 gann line for bulls to get in momentum as per pyrapoint 8427 should be broken else dip towards 8228 is on cards.

Nifty Gunner

NIFTY - Pyrapoint

  • Nifty May Future Open Interest Volume is at 1.35 core with liquidation of 0.19 lakhs with  cost of carry going negative  suggesting  long position got closed. OI is lowest in last 3 months, such low OI generally suggests trending move is round the corner.
  • Total Future & Option trading volume was   at 2.18core with total contract traded at 4.1 lakh. PCR @1 .32approaching overbought zone.
  • 8500  CE  OI at 49.4  lakh , wall of resistance @ 8500 .8100/8400 CE saw liquidation of 10.2 lakh  ,so bears liquidated  aggressively  but still holding 66 lakh open position. FII bought 22.1 K  CE longs and 9.2 K shorted  CE  were covered by them.
  • 8100 PE OI@ 56.1  lakhs so strong base @ 8100.  8100/8400 PE added 24  lakh so bulls are gaining ground  and holding 84 lakh open position.  FII sold 3.5 K PE longs and 0.04 K PE  were shorted  by them.Retailers also bought 1.28 lakh of PE position,  So FII’s Buying CE and Retailers buying PE.
  • FII’s bought 123 cores  in Equity and DII’s bought 103  cores in cash segment.INR closed at 63.82


Buy above 8445 Tgt 8467,8494 and 8530 (Nifty Spot Levels)

Sell below 8415 Tgt 8396,8370 and 8347 (Nifty Spot Levels)


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16 thoughts on “Nifty forms NR21 pattern, FII FnO Data Analysis


    Hi Bramesh Ji what is the value @ 1*1 gann line what is its meaning and another point FII’s holding huge quantity in put longs about 13 Lack’s does it mean before expiry we may se some 200 points downside?

  2. mohit dudheria

    Bramesh ji , Your sell below targets Sell below 8415 Tgt 8396,8370 and 8247
    after 8370 direct 123 points down ?
    or is it 8347 ?

  3. ramasamy

    you have explained in a lucid way the charts . every one who doesnot understand charts also will get enlightened by your explanation. great. carry on your wonderful write-ups.

  4. Lalit Sehgal

    Sir your analysis are wonderful. I read them very carefully. But when I actually trading I tend to forget everything and do something stupid. Then I repent why I did not followed what Bramesh bhai told! I have no idea how to deal with this!


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