Nifty continues its rise for 5 day, FII FnO Data Analysis

• FII’s sold 14.3 K contract of Index Future worth 144 cores ,32 K Long contract were added  by FII’s and 17.7  K  short contracts  were added by FII’s. Net Open Interest increased  by 49.7 K contract, so todays rise was used by FII’s to add majority longs and partial shorts in index futures. What happens when US FED Hikes Interest Rate

• This is what we have discussed in last few analysis We have been advocating the range of 7930-7950 being the demand zone for Nifty from 11 June Nifty made the following lows 7958,7940,7944 and 7946 also we have discussed in Weekly Analysis  from 14 June time cycle has changed to neutral to Bullish, market obliged with 5 green close from past 5 days.  Also Nifty has completed 2 crucial harmonic pattern ABCD and BAT pattern both are bullish if 7930 is held. Traders who bought should have been rewarded, As per gann angles above 8100 we can move towards 8189/8211 odd levels. and pyrapoint, also suggests 8195 on cards. Gann Angle 8×1 comes @8224, Trendline resistance also comes at 8239/8254 and Gunner also suggest green arc will be short term target.
  

 

 

• Nifty June Future Open Interest Volume is at 1.58 core with addition of 2.2 Lakh, with decrease in CoC suggesting shorts have entered  in system
  

• Total Future & Option trading volume was   at 2.77  core with total contract traded at 5.4 lakh. PCR @1.17 huge jump in PCR.

• 8500  CE  OI at 47.4 lakh , wall of resistance @ 8500 .8000/8500 CE liquidated 20 lakh  ,so  bears finally gave up and liquidated major positions . FII bought 67.5 K  CE longs and 17.3 K shorted   CE  were covered by them.Retail sold 1.16 lakh CE contracts. So FII’s bought heavily in CE contact highest in series.
  

• 8000 PE OI@ 63.3  lakhs so strong base @ 8000.  8100/8500 PE added1 4 lakh so bulls added aggressively today so 8100 is coming up to be strong support . FII bought 29 K PE longs and 35.1 K PE were shorted by them.Retail bought 1.38 lakh PE contracts.So FII’s long in CE and Retailers long in PE, so again its smart money which wins retailers holding short and market rising.
  

• FII’s sold 784 cores   in Equity and DII’s bought 1110 cores in cash segment.INR closed at 63.73

• Nifty Futures Trend Deciding level is 8151 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 8146 and BNF Trend Deciding Level 17686 (For Intraday Traders) BNF Trend Changer Level (Positional Traders) 17795 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level .
  

 

Buy above 8188 Tgt 8207,8236 and 8254 (Nifty Spot Levels)

Sell below 8150 Tgt 8122,8100 and 8070 (Nifty Spot Levels)

 

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