Nifty rallies on hope of rate cut,FII FnO Data Analysis

FII’s bought 177 K contract of Index Future worth 3823 cores ,121 K Long contract were added by FII’s and 55 K short contracts were squared by FII’s. Net Open Interest increased by 66 K contract. Highest number of Longs added by FII’s in 2015 in single day also before RBI policy on 2 June. Is it possible for an amateur trader to make sustainable profits ?

Nifty reacted from the zone of support as shown in below chart, took support near 20 SMA, and reacted sharply on last trading day of the month and is now entering the crucial resistance zone before the RBI policy on 02 June. AS per Gunner also we are near red arc suggesting testing time ahead. Monday can be a rangebound day with volatile moves 8394-8483 before the RBI policy.

Nifty June Future Open Interest Volume is at 1.58 core with addition of 28.7 lakh, with increase in CoC suggesting longs have entered in the system.

Total Future & Option trading volume was at 1.72 core with total contract traded at 6.8 lakh. PCR @0.84

8500 CE OI at 22.4 lakh , wall of resistance @ 8500 .8100/8400 CE added 1.8 lakh ,so no major addition by bears. FII bought 96.3 K CE longs and 8.2 K CE shorted were covered by them.Retail traders created 1.45 lakh shorts in CE contracts.

8000 PE OI@ 41.3 lakhs so strong base @ 8000. 8100/8500 PE added 20.7 lakh so bulls added aggressively today. FII sold 19.1 K PE longs and 18.2 K PE were shorted by them.Retail traders created 3.2 lakh shorts in PE contracts.

FII’s bought 2284 cores in Equity and DII’s sold 2267 cores in cash segment.INR closed at 63.82

Nifty Futures Trend Deciding level is 8418 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8368 and BNF Trend Deciding Level 18667 (For Intraday Traders) BNF Trend Changer Level (Positional Traders) 18590 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .

Buy above 8444 Tgt 8460,8480 and 8504 (Nifty Spot Levels)

Sell below 8392 Tgt 8370,8255 and 8230 (Nifty Spot Levels)

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6 thoughts on “Nifty rallies on hope of rate cut,FII FnO Data Analysis”

prakash tanak May 30, 2015 10:59 pm

From the option chain, it is noted that on the Call side max addition of OI of 665450 was at CE8700 & the max OI of 3511525 is at CE8800 …………….. How do you interpret this?

Reply ↓

reena May 30, 2015 8:52 pm

Sir with this huge buying by FFI and buying in options also…should we carry longs ???what’s next resistance level

Reply ↓

Bramesh Post authorMay 30, 2015 8:56 pm

Please read the above post clearly mentioned the levels.

Reply ↓

shyamal May 30, 2015 7:42 am

hi many traders,experts are saying big numbers for nifty some says 8000 some says 9000. i would say follow one thing small numbers like yesterday brahmesh sir gives 8319 as trend changer level and intraday buying 8325 spot both r near by . i bought 100 quantity very small put stop loss 8270 which is intraday short level from brahmesh sir. i booked 50 quantity @8425 and carrying half. now i would put sl according to trend change level each day. what ever market does i dont care. it must rewarded me thats all . for got all news ,cnbc chanels , all good expert which r in market for last 2 to 3 years . follow only one person brahmesh sir .level to level trade . follow strict stop loss entry ,exit and booking partial profit. you will never loose if u trade 2 to 3 month continue. shyamal dattani 9898829824

Reply ↓

rajveer May 30, 2015 6:27 am

I think 8575 is the best case scenario upto the RBI, this is the 20 wma, market is sitting on the 50 DMA. The RBI is faced with problems if rates are cut significantly they risk weakening the Rupee further which would be inflationary and cause FCCB restructuring issues etc, either way this appears to be a intermediate bounce before a larger decline resumes taking us below 8000.

Reply ↓

Bramesh Post authorMay 30, 2015 9:49 am

THanks for ur views

Rgds,
Bramesh

Reply ↓

prakash tanak May 30, 2015 10:59 pm

From the option chain, it is noted that on the Call side max addition of OI of 665450 was at CE8700 & the max OI of 3511525 is at CE8800 …………….. How do you interpret this?

Reply ↓
reena May 30, 2015 8:52 pm

Sir with this huge buying by FFI and buying in options also…should we carry longs ???what’s next resistance level

Reply ↓
1. Bramesh Post authorMay 30, 2015 8:56 pm
  
  Please read the above post clearly mentioned the levels.
  
  Reply ↓
shyamal May 30, 2015 7:42 am

hi many traders,experts are saying big numbers for nifty some says 8000 some says 9000. i would say follow one thing small numbers like yesterday brahmesh sir gives 8319 as trend changer level and intraday buying 8325 spot both r near by . i bought 100 quantity very small put stop loss 8270 which is intraday short level from brahmesh sir. i booked 50 quantity @8425 and carrying half. now i would put sl according to trend change level each day. what ever market does i dont care. it must rewarded me thats all . for got all news ,cnbc chanels , all good expert which r in market for last 2 to 3 years . follow only one person brahmesh sir .level to level trade . follow strict stop loss entry ,exit and booking partial profit. you will never loose if u trade 2 to 3 month continue. shyamal dattani 9898829824

Reply ↓
rajveer May 30, 2015 6:27 am

I think 8575 is the best case scenario upto the RBI, this is the 20 wma, market is sitting on the 50 DMA. The RBI is faced with problems if rates are cut significantly they risk weakening the Rupee further which would be inflationary and cause FCCB restructuring issues etc, either way this appears to be a intermediate bounce before a larger decline resumes taking us below 8000.

Reply ↓
1. Bramesh Post authorMay 30, 2015 9:49 am
  
  THanks for ur views
  
  Rgds,
  Bramesh
  
  Reply ↓